The cryptocurrency community has launched a swift and sharp rebuttal against the Financial Times following a recent opinion piece that declared Bitcoin to be fundamentally worthless. This confrontation highlights the ongoing ideological clash between traditional financial media and the proponents of digital assets.
The Financial Times' Dire Forecast
Financial Times columnist Jemima Kelly penned a scathing article titled "Bitcoin is still about $70,000 too high," predicting the leading cryptocurrency's inevitable collapse to zero. Kelly starkly compared Bitcoin holders to a character in the French film La Haine, a man repeatedly comforting himself with "so far, so good" while falling from a skyscraper, implying a similar doomed trajectory for Bitcoin investors. The piece positioned Bitcoin as an asset destined for worthlessness, sparking a fervent backlash.
Crypto Community's Defiant Response
Far from being deterred, the crypto community met Kelly's critique with widespread mockery and a defiant spirit. Many veteran participants immediately interpreted the mainstream media's "Bitcoin is dead" narrative as a classic contrarian "bottom signal," suggesting a market turnaround is imminent. Social media platforms buzzed with comments ranging from "NOW we can confidently say Bitcoin's bottom has been reached" to "Very bullish," highlighting a deep-seated belief that traditional financial media often misjudges the asset class. Critics also seized the opportunity to question the Financial Times' relevance and understanding of digital assets, expressing disbelief that such hardline skepticism persists in the current era.
