Mainstream Media's Take: Strong Momentum For Bitcoin And Blockchain In 2016
The final week of 2015 brought exciting indicators for bitcoin and the blockchain heading into 2016. Price stabilization, venture capital investment, financial institutions’ investment and bitcoin’s ability to enhance cross-border payments all paint a positive future for the new year, despite the challenges of cryptocurrency’s association with illegal activity and the uncertain impact of regulatory initiatives. Another positive sign was the increasing attention from major financial media such as Forbes, Fortune and The Wall Street Journal. Fortune carried a feature summarizing both the....
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When Bitcoin first became popular, much mainstream coverage focused on its illicit uses. Then a revolution in thought led people to understand the less sinister benefits of Bitcoin, and namely its underlying technology, the blockchain. Many experts suppose blockchain could revolutionize numerous industries, with financial technology receiving most of the coverage in 2016, which some observers have dubbed “the year of the blockchain.” But, as 2016 rolls into 2017, focus on blockchain in industries outside of cryptocurrency, and finance, are emerging. Insurtech, according to Jupiter....
The year 2016 saw Bitcoin price increase by over 50 percent due to various favorable factors. The year 2016 has been great for Bitcoin. The cryptocurrency valued at about $425 during the beginning of 2016 climbed to $950 by its end. But, what led Bitcoin price to register a 54 percent annual gain in 2016? According to analysis, the digital currency had a lot of influencing factors pushing its price upwards by driving demand. The reasons, listed by us in the past and again reiterated by a prominent business magazine includes; Donald’s Trump’s victory in the US presidential elections which....
Even though mainstream media outlets earn good money by spreading the news to the general population, not all of their news is based on research, facts, or truths. After all, negative news will sell more papers or online subscriptions whereas positive news is read once and then forgotten about. Mainstream media has never been keen on Bitcoin and digital currency unless they were able to spread misconceptions or create negative press that was based on speculation. The popular digital currency has seen various iterations of attacks by mainstream media throughout the years, but journalists....
Bitcoin and the media have not always been on the best of terms. For one thing, mainstream media of the digital currency has not always been plentiful, and when the media does make time for bitcoin, it can sometimes be distorted or off the mark, or just plain short. Furthermore, the idea that bitcoin is completely anonymous and untraceable and therefore continually used in crime syndicates is also allegedly attributed to the media constantly spreading the word so, but the anonymity behind bitcoin is not entirely factual. Blockchain transactions can be traced (Ross Ulbricht and the Silk....
Mainstream media is having a field day as of late by referring to blockchain every time they want to make a mention of companies involved in Bitcoin and cryptocurrency. This trend has been noticeable for quite some time now, and it has come to a point where it seems the media is trying to kill off the term Bitcoin altogether. Futile efforts, though, as people with more than two peas for a brain will know what is really going on. Everywhere people look these days; it appears as if media headlines only talk about blockchain this and blockchain that. Sooner or later, this will lead to a....