CCTV has reported on the frenzy of $BTC . Recently, CCTV's finance channel reported that Bitcoin's price soared to an all-time high, reaching $100,000, with an increase of over 10%. Perhaps it's just me, the editor, being overly curious; I also checked CCTV's historical reporting records on Bitcoin and found quite a lot indeed.
I roughly organized the reports from CCTV about Bitcoin in chronological order. The earliest was on May 3, 2013, when the Lu Shan County in Sichuan was affected by the 4.20 earthquake, and the disaster area received a lot of donations, including over 230 Bitcoins. Since then, Bitcoin has entered the eyes of the Chinese people, and it was presented in such a warm and positive light.
The next day, CCTV's news channel aired a program titled 'The Mysterious Bitcoin,' providing popular science on Bitcoin and stating that it had increased 5320 times in three years. In this episode, a certain Li accepted an interview with CCTV, claiming to possess six-figure Bitcoins, and he was soon crowned as China's Bitcoin billionaire by the media. At this point, Bitcoin began to unveil its mysterious veil.
On December 2, 2013, CCTV's finance channel aired a program titled 'Crazy Bitcoin' during the Economic Half Hour, which reported on the skyrocketing price of Bitcoin and the frenzy of mining activities—this craziness could be said to have exceeded the screen.
On December 3, 2013, with the People's Bank of China and four other ministries issuing a notice to prevent Bitcoin risks, emphasizing its money laundering and investment risks, the reporting tone of CCTV began to shift.
On January 11, 2014, CCTV's finance channel aired a program titled 'The Harmful Bitcoin.' This episode focused on the plunge and risks associated with Bitcoin, intending to sound the alarm for investors. In 2017, with the price crashing and the 'Notice of September 4' on regulation arriving, on September 18, CCTV's finance commentary program discussed the regulation of Bitcoin and related trading platforms. The program mentioned that Bitcoin is often used by criminals for money laundering, warning investors against investing in Bitcoin and other virtual currencies.
In 2018, CCTV's news channel reported again on Bitcoin, themed around it being a virtual currency that can be used for real purchases. In the report, a foreign guy named Jack made a payment with Bitcoin at a café in Beijing to buy coffee. In 2019, CCTV's finance channel dedicated a program on March 8 titled 'Investor Old Ge Says from Heaven to Hell,' a one-day show that introduced Old Ge's insights and beliefs in the crypto circle, also discussing national regulation and investment risks.
Next is 2021, when CCTV's finance channel reported on February 21 a piece titled 'Bitcoin Holders Have a Promising Future,' covering how investors like Cathie Wood are optimistic about Bitcoin.
Then in 2022, CCTV's finance channel invited several experts to discuss Bitcoin on June 23 during a financial commentary. They noted the astonishing rise of Bitcoin, but likened its valuation to the tulip bubble, suggesting that without actual value, it would eventually burst. Following that were recent reports about the explosive rise of Bitcoin, so looking at the overall context of CCTV's reporting on Bitcoin, I feel that it has been relatively objective, even though there are hues of policy regulation. There are different viewpoints expressed by various people, and there is a certain degree of tolerance. It is indeed worth revisiting. I wonder what everyone thinks.
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