By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
P9O Newsletter
Join Us!

Subscribe to our newsletter and never miss our investigative stories, breaking news, podcasts etc..

Zero spam, Unsubscribe at any time.
  • Home
  • Nigeria
  • Politics
  • Metro
  • World
  • Lifestlye
  • Football
  • 2023 Election
Reading: Mainstream media sentiment shifts in favor of Bitcoin amid fiat currency woes
Prime 9ja Online
Prime 9ja Online Prime 9ja Online
Aa
  • Africa
  • Business
  • Football
  • Metro
  • Nigeria
  • Opinion
  • Politics
  • Technology
Search
  • Categories
  • _Football
  • _Lifestyle
  • _World
  • _Metro
  • _Politics
  • _Nigeria
  • Pages
  • _About Us
  • _Contact Us
  • _Privacy Policy
Follow Us
Cryptocurrency

Mainstream media sentiment shifts in favor of Bitcoin amid fiat currency woes

While USD attacks competing currencies, stocks, and commodities, BTC maintains its value at around $19,000 to $20,000, forcing mainstream me...

Chima Joseph Ugo
Chima Joseph Ugo - Editor-in-chief September 30, 2022
Updated September 30, 2022 at 1:10 PM
Share
Mainstream media sentiment shifts in favor of Bitcoin amid fiat currency woes
SHARE
Mainstream media sentiment shifts in favor of Bitcoin amid fiat currency woes
While USD attacks competing currencies, stocks, and commodities, BTC maintains its value at around $19,000 to $20,000, forcing mainstream media to cover BTC in the news.

The New York Times, an American newspaper, highlighted Bitcoin's 6.5% gain over the previous seven days and observed that both crypto bulls and bears were taking notice of it. Apart from the Euro and the Pound, Fortune Magazine's cryptocurrency site has also contrasted Bitcoin's exceptional performance with other assets including the Japanese Yen, Chinese Yuan, and gold.

Mainstream media agencies have started to highlight Bitcoin (BTC) for its consistent performance as fiat currencies like the Euro and the Great British pound sterling have struggled to keep their ground against the United States dollar (USD).

On the other hand, the media outlet Proactive mentioned in their headline that it may be “time to put everything on Bitcoin.” Despite brushing the headline as sarcasm within the content of the article, the author highlighted that a majority of institutional investors are looking to put an end to the current crypto winter.

Meanwhile, the Australian news website news.com.au has highlighted experts speaking positively on Bitcoin and blockchain’s use cases. Some experts even predicted that the BTC price might eventually hit a new all-time high of $100,000.

Meanwhile, as the British pound hit a new all-time low against the US dollar, Bitcoin’s limited supply could potentially give it an advantage against the pound. According to the finance site Porkopolis Economics, the issuance rate of the pound has been 11.2% annually since 1970 while BTC has a rate of 1.7%. This gives BTC a significantly lower supply issuance and this could potentially widen the gap between the two currencies.

Bitcoin’s price is not the only crypto scoop that made it to the mainstream media spotlight recently. Earlier in September, mainstream media outlets also put their sights on Ethereum and its recent transition to a proof-of-stake (PoS) consensus mechanism.
Tags: Cryptocurrency

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook WhatsApp TwitterEmail Print

You Might Also Like

Facebook Like
Twitter Follow
Pinterest Pin
Telegram Subscribe
Prime 9ja Online

Subscribe to our newsletter to receive our latest updates instantly on your email.

About

  • About Us
  • Privacy Policy
  • Terms
  • Disclaimer
  • Fact-Checking Policy
  • Code of Ethics
  • Corrections and Correctives
  • Editorial Integrity
  • Ethical Conduct
  • Funding

Connect

  • Contact Us
  • Advertise
  • Submit a Tip

© 2025 Prime 9ja Online Media - All Rights Reserved.

Follow Us