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"Legitimate" Financial News Sites are No Better than r/cc

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by COINS NEWS 133 Views

I just pushed through about 15 obnoxious ads at Forbes.com to read hype that would make r/cc blush along with deeply dubious speculation. I don't think I learned anything substantive - inf act I think I am now dumber - and yet it was a really long article (maximize ad-invasions?). Here are examples and at the end I pose a question for us.

They claim the fed has been behind every major price movement:

The Fed's ultra-loose monetary policy since the beginning of the Covid pandemic that saw interest rates cut to effectively zero and trillions of dollars added to the Fed balance sheet helped propel the bitcoin price to a peak of almost $70,000 per bitcoin in 2021.

As the Fed has hiked interest rates in an attempt to drive down inflation over the last 12 months the bitcoin price has collapsed to under $16,000, wiping around $2 trillion from the combined bitcoin, ethereum and crypto market.

Then they make this ridiculous claim by quoting a ridiculous person.

Earlier this month, Robert Kiyosaki, the author of financial advise book Rich Dad Poor Dad predicted a "giant crash" is coming for financial markets, with a "depression possible" that forces the Fed to "print billions."

Kiyosaki said this scenario could push the bitcoin price to an eye-popping $500,000 per bitcoin. "Why? Because faith in U.S. dollar, fake money, will be destroyed," Kiyosaki posted to Twitter.

The title for the article is sensational garbage as well.

Crypto Now Primed For A Massive Fed Bombshell That Could Play Havoc With The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana

What websites are people finding that are worth reading crypto news from these days? I don't want the sub full of news but would like to know where you all find valuable content to inform your strategies.

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