Why do countries not support Bitcoin, but mainstream media keeps promoting news about Bitcoin breaking 100,000, the crash leading to liquidation, and such?

Indeed, we can see an interesting phenomenon now: Bitcoin crashes or liquidations always bring a wave of media follow-up reports.

In this regard, it can only be said that there are very few media outlets that can genuinely do news reporting anymore. When the moralists of society condemn female hosts for being suggestive, they are unaware that our media is also in a state of 'collapse'.

More and more news reports have deviated from the facts and opinions, only to cater to emotions.

Topics like Bitcoin inherently carry great topicality and controversy, easily triggering public emotional fluctuations. Especially with the drastic price fluctuations, not only do they catch people's attention, but they can also quickly create panic or greed. Therefore, media naturally is willing to repeatedly hype related content to gain click-through rates and traffic.

One reason is that Bitcoin's existence itself challenges the authority of the national currency system. As a decentralized asset, it bypasses the regulation of traditional financial systems, making capital flow and wealth storage more concealed and free.

At the same time, the frequency and angle of media reports on Bitcoin news actually resemble guiding public opinion, leading people to develop more complex emotions about Bitcoin.

In a deeper discussion, do you think there are more people in China with Bitcoin or without? Clearly, the latter has a higher proportion and larger crowd. However, if we talk about how many people know about Bitcoin, it is likely that the vast majority have at least heard of the term 'Bitcoin'.

Therefore, media, in pursuit of more traffic, will certainly cater to the latter, promoting Bitcoin to gain traffic, which is evidently less than criticizing Bitcoin or spreading 'negative' information about Bitcoin.

One dark aspect of human nature is the inability to tolerate others' success.

Why is it that you invested tens of thousands, and then in less than ten years, it turned into millions? For most people, this is unacceptable, even if that person is a total stranger to them. Furthermore, they never reflect on themselves and always regard themselves as moral exemplars, as the 'order' of the world.

Click on the avatar to view the homepage and follow me, a community for free communication, sharing various potential cryptocurrencies daily.