Financial Times (FT) through FT Alphaville has published an article apologizing for negative remarks about $BTC over the past 13 years. This is a response after Bitcoin reached a historic price of 100,000 USD on December 5th. However, their apology has been criticized by the crypto community for lacking sincerity.
The journey of criticizing Bitcoin since 2011
Since 2011, FT #Alphaville has deemed Bitcoin a "losing game," unreliable, and merely a passing fad. Misjudgments, such as Bitcoin never reaching high prices, have proven baseless as BTC's price continues to grow.
Controversial apology
Bryce Elder, FT Alphaville editor, writes:
"We are sorry if you listened to us and did not buy something of increasing value. But we do not change our view on cryptocurrency."
The brief tweet "Hodler: an apology" further provoked a strong reaction from the crypto community, claiming this is just an excuse for past misjudgments.
Criticism of Bitcoin and #satoshiNakamato continues
FT Alphaville not only criticizes Bitcoin but also attacks the way Satoshi Nakamoto designed the BTC issuance schedule, claiming it is not suitable for economic cycles. They compare Bitcoin to a "one-size-fits-all" remedy for every patient without checking real needs.
Hostile views continue
Celebrity figures like #WarrenBuffett , #JamieDimon , and #PeterSchiff still maintain their stance against Bitcoin despite the king coin's value exceeding expectations. They once predicted Bitcoin would fail and never reach a price of 100,000 USD.
Conclusion
FT Alphaville's "half-hearted" apology has sparked controversy in the cryptocurrency community. Although Bitcoin has proven its superior potential, biases from mainstream media persist, indicating that the path to comprehensive recognition of crypto still faces many challenges.
