Media has a big role to form trust and the media is also capable of excessive panic effects. The media can be used to spread fud to suppress the price of Bitcoin.
so far media have done everything they want.
Media is the one to blame or to thank for so big base of the investors in the crypto market. Media is in 80 percent spreading bad news for the common people which even haven't heard about the cryptocurrencies. Till now the 70 percent of the people are aware of the cryptomarket and we can thank the media for that. 30 percent are investors and the number is rising because of the media.
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No matter if the news is bad the influence on the common people is drastically high and sooner or later the bad news is analyzed by the ordinary man which can soon seize the opportunity and gain the profit with the smart investment.
I do not deny that, and I recognize the media has an important role in the development of blockchain technology. but the media should also have controls to filter out false and political news such as fud to drop and attack the crypto.
I'm afraid the media is being used by people to make panic.