Bitcoin Breaks $100,000: Critics Proven Wrong as Institutions Embrace Crypto's Rise
December 5, 2024Bitcoin has recently surpassed the $100,000 mark, defying previous skepticism and criticism from industry leaders and media.
The crypto community has actively responded to such criticism, with Bitcoin supporters mocking Schiff's earlier claim that Bitcoin would never reach $100,000.
Media outlets, including The Washington Post, have published negative opinions about Bitcoin, with some articles labeling it as 'worthless' following market downturns.
This surge in Bitcoin's price has prompted increased acceptance from institutions and governments, including major players like Blackrock.
Despite ongoing challenges, Bitcoin continues to inspire 'rags to riches' stories, showcasing its potential for future growth as the crypto industry evolves.
In response to this milestone, the crypto exchange Binance compiled a list of negative headlines from critics, emphasizing their dismissive remarks about Bitcoin.
Notable critics featured in this compilation include Peter Schiff, Christine Lagarde, Hilary Clinton, Jamie Dimon, and Paul Krugman, all of whom have labeled Bitcoin a failure or a scam.
Enthusiasts have criticized negative articles for spreading misinformation and inciting panic, branding them as 'clickbait' and 'hit pieces.'
Summary based on 1 source
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Source
The Crypto Times • Dec 5, 2024
Bitcoin: The More You Criticise, The More I Rise