Post
Topic
Board Speculation
Re: If BTC rallies here, the media will equate it to the partial US shut-down.
by
yayayo
on 13/10/2013, 20:00:56 UTC
If BTC rallies here, the media will equate it to the partial US shut-down.

For what reason would "the media" (= US media) do that?

Relating Bitcoin to safe havens such as precious metals already occured a few times in the media - presumably because of the mining concept. I think the media will portray Bitcoin as a safe haven only if Bitcoin's price movements correlate strongly with already established safe haven assets. This is not the case. Bitcoin mainly does one thing: rise against all other assets. It only reacts to bitcoin-specific news.

Of course I'm sure that Bitcoin is indeed a safe haven. But I think the mainstream media will need a few years to realize that.



ya.ya.yo!