Fear mongering is almost at ATH

Hey y’all,

So right now 90+% of media coverage is negative for crypto and BTC in general. My wife (who knows about our crypto and is a well educated and financially literate person) actually asked me today if “Bitcoin went bankrupt” because she saw some news articles claiming that crypto is dead or bankrupt. I had to basically explain that FTX and recently blockFi filed for bankruptcy but you can’t actually have BTC go bankrupt because it’s not a business. We then had a fairly interesting conversation about how BTC is mined and why it’s actually different than a bank and how it’s free from any central authority.

I feel like the overwhelming majority of people who aren’t big into crypto will just see the recent headlines and interviews just as she did and make a similar assumption, that BTC is a company that is basically dead/struggling. It only took 5-10 mins to clarify all that, so if you encounter someone who is conflating the news with fact try to explain the reality of the situation. It can go a long way for some people.