I just thought about a little theory. When I usually tell friends or people in general about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing". So back to my theory. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreading FUD. So if he actually gets people aware of crypto even by bad publicity won't it be positive for the market despite causing a price drop by panic sellers. So do you think even bad news about crypto in the wider media will drive the market up in the long run because it makes people aware?
In the long run, yes a bad publicity like the one we experienced from that man named Jamie Dimon can actually help in raising awareness for cryptocurrency in general. However, there is that short-term bad effect because there are some who look up to the man as he is a CEO of a big firm known worldwide. Anyway, he is eventually exposed as just a shameless brat because his firm is actually working with clients who are into Bitcoin.
It always happen I must say there are hundreds of stories about all charming entities that happened in history. There are eventually notorious bugs and rumors created so that the fame of that particular entity can be spoiled enough. So, same happened with bitcoin as you said that guy Jamie did. Still, we are happy that was exposed as well and now things are okay.