It’s still too early to declare that bitcoin price is headed for another parabolic bull-run. But one might want to take the repeating “Don’t buy bitcoin” message from the mainstream press with a grain of salt.
Kids, Don’t Buy Bitcoin
As bitcoin price 00 appears to be attempting to shake off the bear market, headlines from the media are starting to resemble those in late 2017. Yes, right before BTC price soared to its record heights of nearly $20,000 USD.
“Don’t buy bitcoin, warns wealth manager” reads an April 4th headline from CNBC.
The problem, though, is that it’s almost verbatim from November 13, 2017, when CNBC said that “As bitcoin soars and ICOs spread, advisors urge caution.” The price, of course, doubled a month later.
In fact, 2017 was particularly fruitful when it came to telling the public that: Bitcoin Bad!
German central bank’s board member Carl-Ludwig Thiele, for example, warned against investing in the cryptocurrency in May 2017. Pretty much every bank in the world has cautioned…