Online rumor: China will unblock Bitcoin within three months. Conclusion: Fake at first glance!
Today, news suddenly broke out on the Internet that China will unblock Bitcoin within three months.
The news came from a video media on YouTube called "Focus Tracking" or Focus News. Borrowing the focus, the news keyword is considered by many to be an official media report, but after watching the original video, it is fake at first glance.
1. Focus Tracking, Focus News, currently there is no accurate operating organization or company on the Internet, and the online entry is also that the company is an Internet company for public opinion monitoring and data analysis, not an official website background, so the accuracy of the news broadcast needs to be investigated
2. The video content is issued in the form of news broadcast, which makes people think it is an official media in some places, but after watching the video carefully, the host's oral broadcast, although in standard Mandarin, is obviously not from a major school. Compared with professional news programs, the accent is obviously flawed and unprofessional.
3. In terms of content, it is not clear that China will unblock Bitcoin within three months, but because of the approval of the Hong Kong ETF, it is boldly assumed that it will be unblocked, but the title uses such a positive expectation, which professional news organizations will not do. As for the passage of Hong Kong ETF, we have discussed it a lot. In short, it is a pilot, and the possibility of failure of the pilot is allowed.
4. The later content of the video directly compares Bitcoin with gold in terms of hedging ability, and clearly shows that Bitcoin is the preferred safe-haven asset in China other than Bitcoin. It has a strong subjective evaluation and guidance. Professional news organizations will not do this. People who often watch news should understand.
5. Although we cannot clearly understand the policy changes, we can feel how likely it is to unblock Bitcoin in 3 months. Compared with the United States, this open capital society accepts Bitcoin through ETFs and various institutions as the medium for supervision, and then gradually opens up legislation. In addition, the US local exchanges directly restrict the perpetual trading mechanism, and the domestic situation is not likely to be more open than the United States.
6. Returning to last night's topic, the encryption section of Bloomberg, the mainstream foreign media last night, was largely devoted to encouraging the positive sentiment of the encryption market. With this video, it is not difficult to imagine whether there is a pusher behind this.
7. Those who know financial history know that in the past financial harvest period, there were basically a lot of consulting and news platforms to encourage market effects, or to encourage buying high arbitrage, or to use the media to short. Moreover, in the data tracking last night, I clearly saw that the rise of Bitcoin at 16:25 yesterday afternoon was accompanied by a large outflow of US funds at the same time.
News is to verify the authenticity and fairness of information. Regardless of professionalism, at least the content title cannot be inciting, subjective, or guiding. People who have studied journalism or professional journalists should have experience in this regard.
I am not professional in news. If there are professionals, please correct my views.
