Why does the country not support Bitcoin, but mainstream media keeps promoting news about Bitcoin breaking 100,000, and the plummeting prices causing liquidations?
Indeed, we can see an interesting phenomenon now: whenever Bitcoin crashes or there are liquidations, a whole bunch of media follow-up reports emerge.
In this regard, it can only be said that there are very few media outlets that genuinely do news these days. While social moralists condemn female streamers for crossing the line, they are unaware that our media is also, in a way, 'falling'.
More and more news reports have deviated from the facts and viewpoints, simply to cater to emotions.
Topics like Bitcoin inherently carry great topicality and controversy; they easily trigger public emotional fluctuations. Especially with drastic price changes, not only do they capture attention, but they can also quickly create panic or greed. Thus, the media is naturally willing to repeatedly hype up related content to gain click rates and traffic.
One reason is that the existence of Bitcoin itself challenges the authority of the national monetary system. As a decentralized asset, it bypasses the regulatory scrutiny of traditional financial systems, making capital flow and wealth storage more concealed and free.
At the same time, the frequency and angles of media reporting on Bitcoin news actually resemble guiding public opinion, leading people to develop more complex emotions toward Bitcoin.
On a deeper level, do you think there are more people in China with Bitcoin or without it? Obviously, the latter has a larger proportion and crowd. However, if we talk about how many people know about Bitcoin, it must be the vast majority; they have all heard the three words 'Bitcoin' to some extent.
So, to gain more traffic, media will surely cater to the latter, as promoting the positives of Bitcoin brings in less traffic compared to criticizing Bitcoin or spreading 'negative' information about it.
A darker side of human nature is that they cannot stand seeing others do well.
Why is it that you invested tens of thousands of dollars, and in less than 10 years it has turned into over a million? This is unacceptable for most people, even if that person is a complete stranger to them. Moreover, they never reflect and always see themselves as moral exemplars, as the 'order' of the world.
