The media is just still shamelessly calling Bitcoin a “pyramid scheme“, without any evidence and mostly just with clear lies. This should not be legal.

We all heard of the countless times the media was calling a Bitcoin a scam years ago at relatively low prices and how through that they lost a massive opportunity themselves and even made the people give up on a massive opportunity just because they listened to the media. While we may have thought those times of dubious claims that were backed by literally are over, that sadly is not the true…

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German article from FAZ, translated into english here

This one hurts the most as it is coming from my local german newspaper in the city, who even just today, in 2023, are calling an asset-class that is having institutional flows from all over the world and is seemingly backed by the biggest financial companies like BlackRock, Fidelity and so on.

More than that, there article has literally no evidence at all (you can read it on the FAZ website if you want to). Also there primary claim here is that Bitcoin is just being used by drug dealers and other criminals for money laundering.

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Excerpt of that article, calling out Bitcoin for mostly being used in illicit activities such as money laundering

That is literally a decade-old and factually wrong argument against Crypto, even Forbes had confirmed themselves that about 0.35% of the Bitcoin trading volume is for illicit activities, while 5% of the whole world economy is used for money laundering.

It is just a shame that even over one whole decade the media was not capable to amass new arguments against Crypto. Instead they continue to spread factually wrong information to the public, which should actually be punishable…