$BTC
From Distrust to Triumph: How Bitcoin Challenged the Mainstream Press
12h05 ▪ 5 min read ▪ by Mikaia A.
Bitcoin has achieved a monumental milestone, crossing the $100,000 mark. Since its inception in 2009, this pioneering cryptocurrency has ignited both fascination and skepticism, transforming the financial landscape while facing harsh criticism. From speculation about its elusive creator, Satoshi Nakamoto, to concerns about its environmental impact, Bitcoin has stirred significant debates. But how has the media shaped its extraordinary journey?
Bitcoin's Rocky Start Under the Media's Gaze
In its early days, Bitcoin garnered media attention, but not always for positive reasons. Over the years, the cryptocurrency has been declared dead 415 times. In 2011, Forbes prematurely declared “the end of Bitcoin” following a sharp price drop from $17 to just a few cents. This dramatic crash was caused by a massive sell-off that the Mt. Gox exchange was unable to manage.