I just thought about a little theory. When I usualy tell friends or people in generall 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 theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity 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 becuase it makes people aware?
There's no such thing as bad publicity
Bitcoin or crypto market is still relatively small. So when prominent individuals representing big institutions/organizations say something negative about Bitcoin they are actually making more people aware of the existence of Bitcoin. Yeah in short-term negative news/FUD is bad, but in the long-term it doesn't matter.
As a matter of fact, I guess FUD does strengthen the market, it gets immune and then at some point individual statements wouldn't have any impact on the market.