CCTV's Coverage Journey of Bitcoin:
Recently, CCTV's Finance Channel reported that the price of Bitcoin soared to a historic high, reaching 100,000 USD at one point, with an increase of over 10%.
Looking back at history,
On May 3, 2013, the disaster area in Lushan, Sichuan received donations including over 230 Bitcoins, marking Bitcoin's entry into the public eye in China. The next day, CCTV News Channel conducted a popular science program titled 'The Mysterious Bitcoin', stating that it had increased 5,320 times within three years. After an interview with a certain Mr. Li, he was hailed as China's Bitcoin billionaire. On December 2, 2013, the CCTV Finance Channel aired 'Crazy Bitcoin', reporting on the explosive rise in Bitcoin prices and the frenzy in mining.
On December 3, 2013, the People's Bank of China and five other ministries issued a notice on preventing Bitcoin risks, marking a change in CCTV's reporting tone.
On January 11, 2014, CCTV Finance Channel aired 'The Harmful Bitcoin', focusing on the drastic price drop and risks associated with Bitcoin.
In 2017, with the price plummeting and the arrival of the 'September 4 Regulatory Announcement', on September 18, the CCTV Finance Channel discussed the regulation of Bitcoin and related trading platforms in its finance commentary program, warning investors not to invest in Bitcoin and other virtual currencies.
In 2018, the CCTV News Channel reported on Bitcoin again with the theme 'Bitcoin, a virtual currency that can be used for real shopping'.
In 2019, on March 8, CCTV Finance Channel aired a program titled 'Investor Old Ge says from Heaven to Hell, in the coin circle it's just one day', introducing the ups and downs of Old Ge in the coin circle, discussing national regulation and investment risks.
In 2021, on February 21, the CCTV Finance Channel reported the news 'Bitcoin holders see promising prospects for Bitcoin'.
On June 23, 2022, the CCTV Finance Channel invited experts to discuss Bitcoin in their finance commentary, suggesting that it is very similar to the Tulip Bubble, and that without practical value, it will eventually collapse. From the context of CCTV's reporting on Bitcoin, it appears relatively objective, with regulatory policy colors, as well as expressions of different viewpoints and a certain degree of tolerance.
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