The price of Bitcoin once hit a historic high!
Even CCTV reported on the madness of BTC! 🫡
Recently, CCTV's financial channel reported that the price of Bitcoin soared to a historical high!
It once reached $75,000, with an increase of over 8%. Perhaps Mr. Zhao is just easily surprised; he also checked CCTV's historical reports on Bitcoin and indeed found quite a few!
Mr. Zhao roughly sorted things out in chronological order.
The earliest report by CCTV on Bitcoin was on May 3, 2013. At that time, Sichuan Lushan had suffered a disaster, and the disaster area received a lot of donations, including more than 200 Bitcoins.
From then on, Bitcoin caught the attention of the Chinese public! And it still carried such a warm and positive image!
The next day, CCTV News Channel aired another program called (The Mysterious Bitcoin), which popularized Bitcoin and mentioned that it had increased by 5320 times in three years.
Moreover, in this episode, a Bitcoin owner with the surname Li, whom we will call Mr. Li, accepted an interview with CCTV. Claiming to have a six-digit Bitcoin holding, he was quickly hailed by the media as China's Bitcoin tycoon!
At this point, Bitcoin began to unveil its mysterious veil!
On December 2, 2013, CCTV's financial channel aired an episode titled (Crazy Bitcoin), which reported the soaring price of Bitcoin at that time and the frenzy of mining activities, a madness that could be felt through the screen!
The next day, on December 3, 2013, with the People's Bank of China and four other ministries issuing a notice on preventing Bitcoin risks, emphasizing the money laundering and investment risks of Bitcoin, CCTV's reporting direction began to change.
On January 11, 2014, CCTV's financial channel aired an episode titled (Terrifying Bitcoin), which focused on the plunge and risks of Bitcoin, intending to sound the alarm for investors.
In 2017, with the price plummeting and the regulatory announcement on September 4, CCTV's financial channel discussed the regulation of Bitcoin and related trading platforms in its financial commentary program.
The program discussed how Bitcoin is used by criminals for money laundering and transferring funds, becoming a tool for crime, and warned investors not to invest in Bitcoin and other virtual currencies.
In 2018, CCTV News Channel reported again on Bitcoin with the theme (Bitcoin: The virtual currency that can be used for real shopping), covering a foreign guy named Jack who paid for coffee with Bitcoin at a café in Beijing!
By 2019, on March 8, CCTV's financial channel specifically aired a program titled (Investor Old Ge says from Heaven to Hell, in the Coin Circle, it only takes one day), which introduced the ups and downs of Old Ge in the coin circle and discussed national regulation and investment risks.
Next, on February 21, 2021, CCTV's financial channel reported a news piece titled (Bitcoin Holder: The Prospects for Bitcoin are Promising), which reported that investors like Cathie Wood were optimistic about Bitcoin.
Then, on June 23, 2022, CCTV's financial channel invited several experts to discuss Bitcoin in its financial commentary. Although they acknowledged the astonishing rise of Bitcoin, their evaluation compared it to the tulip bubble, stating it lacked actual value support and would eventually burst!
Next is the recent CCTV report about the surge in BTC over the past two days. Therefore, from the overall context of CCTV's coverage of Bitcoin, Mr. Zhao feels that it is relatively objective. Although there might be a tint of regulatory policy, various viewpoints are expressed by different people, and there is a certain degree of tolerance!
