"Bitcoin as Legal Tender: El Salvador's Groundbreaking Decision and the Salvadorian Mainstream Media's Reaction"
Free report on El Salvador's Bitcoin adoption media coverage post-2021 law.
Insights from:
โ 1,440 articles
โ 5 major outlets
โ 152 reporters
Link below ๐
Exciting update ๐
You can now log into the Bitcoin Perception data dashboard and instantly view which outlets have had the most negative or positive
#Bitcoin
coverage in any timeframe.
Good news: the dashboard will soon be open to the public for free!
Over the past two weeks, major outlets like CNBC, WSJ, and Washington Post have begun distinctly separating Bitcoin from the altcoin industry in their narratives.
In tomorrow's report, titled "Narrative Shift," we delve deeper into the recent trend we've observed.
New op-ed titled "Skin in the Game" in the Financial Times
"the more you think of bitcoin as an investment, whether in an ETF or not, its many flaws donโt differ hugely from most of the other regulated assets you own happily."
Narrative shift.
New
@BTCPerception
report is out! ๐๏ธ๐
@Forbes
delves into Oman's recent and ambitious entry into the Bitcoin mining sector.
It's not just about mining; it's a multi-faceted strategy that could very well change the game.
๐๏ธ Regulatory Developments
Hong Kong is stepping upโฆ
The vibe around Bitcoin has changed in the mainstream media, shifting from mostly negative to a more balanced and positive outlook.
From 42.7% negative coverage in January 2023, we're down to 25.6% in March 2024.
That's nearly a 20% drop ๐
In the 'reporters' section of the data dashboard, you can easily research a reporter requesting an interview to review their past coverage.
This allows you to assess whether they're approaching you with genuine intent.
Go here (requires subscription) โ
CNBC now joins Washington Post and Wall Street Journal in differentiating Bitcoin from crypto.
This shift aligns with the growing trend of crypto crackdowns.
Two weeks ago, our weekly report spotlighted a
@washingtonpost
article: 'Regulating crypto might end it, and thatโs just fine.'
It underscored a push for tougher crypto regulation, yet acknowledged Bitcoin as distinct.
Now, The
@WSJ
echoes a similar headline.
Coming soon: Check out the 'Reporters' section to search for specific journalists.
Like this one who's emerged from hibernation to write exclusively negative pieces for three different outlets!
BREAKING: The UKโs financial regulator will allow bitcoin-linked securities to be listed on the stock market.
The FCA announced it "won't oppose" bitcoin-backed exchange traded notes (ETNs).
Starting April, issuers can list these on the London Stock Exchange.
Capitulation.
Get a complete list of reporters from any outlet and their biases using the Bias Tracker on
@BTCPerception
's data dashboard.
Coming soon and free for the public!
Next week ๐จ
Launching our inaugural long-form report on Salvadoran
#Bitcoin
media coverage, 2021-2023.
A must-read for policymakers, journalists, and Bitcoin enthusiasts.
By
@criptoluis
&
@basedlayer
โ๏ธ
๐ The latest edition of Bitcoin Perception is out! This week's spotlight: The New York Times' evolving stance on
#Bitcoin
.
Have they capitulated?
Dive in to see how mainstream media's perception is shifting ๐
๐ Bitcoin Price Update: Currently at $29,380. The Bitcoinโฆ
Bloomberg's
@DavidPan_1
sheds light on 600,000 S19 series ASICs exiting the US, mostly bound for Africa and South America.
Original research that makes for a great read.
As El Salvador's elections approach, coverage linking Bukele and Bitcoin negatively is on the rise.
Notable outlets include Newsweek, Reuters, The Guardian, and NBC.
On this day in 2018, Bloomberg Intelligence's Mike McGlone reported on the price and performance of Bitcoin ๐
"If you look at Bitcoin compared to other cryptos, most of them are better. Bitcoin's the one to short. It should go back to its base, which is below $1,000"
Michael Saylor Does A Press Round - Are We Bullish Again?
The latest
@BTCPerception
weekly report is out, here's what you need to know:
This week's Bitcoin Perception Index (BPI) stands at 56/100, indicating a balanced sentiment.
๐ซ Major outlets like BBC, Fox, and WSJ haveโฆ
Bloomberg reports on Bhutan's plan to boost its mining capacity by 500 megawatts, aiming for a total of 600 megawatts by the first half of 2025.
They also dive into explaining The Halving and the difficulty adjustment to readers.
Great to see such informative coverage!
We're at a stage in Bitcoin adoption where its rising price triggers a split in mainstream media: some outlets ramp up negative coverage, while others boost the positive.
This divided media landscape seems set to continue for the foreseeable future.
New feature added to the
@BTCPerception
dashboard ๐
Now you can search for any keyword and see its historical coverage ๐
Searches can be done across all sections of the entire platform.
Below is one example, showing the total coverage related to the SEC during 2023 ๐
Mainstream media's positive coverage of Bitcoin is surging in anticipation of what many outlets predict will be the approval of a spot ETF this Wednesday.
Caught off guard by Bitcoin's latest rally, a new opinion piece in the Financial Times showcases the author's disbelief in people's mistrust of fiat currency.
'This requires you believe [...] that dollar debasement is really a thing. Itโs a stretch.'
Last week, 19 mainstream media outlets reported on
#Bitcoin
.
9 of them had 100% negative coverage โ
- Daily Mail
- New York Times
- New York Post
- WSJ
- Boston Globe
- Newsweek
- ABC
- WaPo
Reuters, The Independent and Fox News achieved 100% balanced or positive reporting.
We're now closely monitoring two reporters who've recently begun covering Bitcoin, gaining attention for their articles in The Economist and The New York Times.
Visit our upcoming data dashboard to explore the contributions of
@DickCuckerson
and
@BobMalakasPI
.
In the past 48 hours, not a single positive
#Bitcoin
article surfaced in the media โผ๏ธ
Complete absence of upbeat coverage.
Should this be a concern?
This week's mainstream media coverage of
#Bitcoin
: 22% negative, 31% positive, 47% balanced.
Eager to see how it unfolds by week's end.
Next week's ETF approval decision is the big watchpoint.
Q1 2024 brought nearly 1,500 articles on Bitcoin from top mainstream media, a 36% jump from Q4.
The sentiment?
31% negative, 30% positive, 38% balanced.
Here's the breakdown by outlet:
A comprehensive list of journalists who have covered
#Bitcoin
in mainstream media throughout September.
The distribution of balanced, negative, and positive articles serves as an indicator of each reporter's bias.
๐
@Microsoft
reports a Bitcoin mining operation in Wyoming
๐Bitcoin ETFs approach a crucial deadline
๐
@paoloardoino
takes the helm as
@Tether_to
CEO
๐FTX saga continues to unfold
Yesterday marked a 23% uptick in mainstream media coverage of
#Bitcoin
New Bitcoin Perception Report: "A Swimming Pool Full Of Luddite Tears" ๐
This week, we're spotlighting how major outlets like The Independent & BBC are shaping the misguided Bitcoin conversation about its energy usage.
Let's unravel the threads of truth and bias.
But first,โฆ
The New York Times, on this day in 2018:
"And just as the American public had been given every possible blockchain explainer that could be written, the whole thing collapsed. The bubble popped."
Price: $3,810
This week's mainstream media coverage of
#Bitcoin
:
70 mentions from top outlets, up 1.4% from last week but down 14% from the past 7 days.
A regular news week with no major breakthroughs.
Let's see how the remaining days of the week will bring.
According to the WSJ, U.S. financial advisers overseeing $30 trillion in assets are still observing from the sidelines.
It seems individual investors have been the main force behind the buying activity so far.
Time is covering the ATH:
"Bitcoinโs price, no matter how robust, does not actually mean that bitcoin has become more useful for everyday transactions, or more widely adopted for payments since its 2022 crash."
The New York Post just published their 2024 predictions:
"Bitcoin will trade off when it becomes clear that aside from enthusiasts and speculators, average investors would rather keep their money in the bank than put it in the national currency of money laundering."
Pro tip ๐ก
Use the
@BTCPerception
dashboard to pick an outlet and see every reporter who's covered Bitcoin in any timeframe.
Plus, access a list of their articles and filter by positive, balanced, or negative coverage.
Below is CNBC.
๐
Since Jan 1, 2023,
@MicroStrategy
and
@saylor
have been featured 41 times by the largest mainstream media outlets in Bitcoin-related coverage.
ยท 15% Negative
ยท 59% Positive
ยท 27% Balanced
Here's how this sentiment spreads across outlets ๐
It's official: Yesterday marked an all-time high in mainstream media coverage of Bitcoin.
We're still compiling data from 2018, but it was the busiest day for Bitcoin coverage in mainstream media since January 1st, 2023.
๐๐๏ธ
The
@washingtonpost
includes 'bitcoin' in a URL for an SBF article that never mentions
#bitcoin
.
Given their domain authority, this could skew Google search results negatively for 'bitcoin.'
This usually goes unnoticed, but not any more.
This week saw a red wave of negative coverage following the SEC's compromised ETF tweet.
However, a surge of positive coverage came in with yesterday's official approval.
Eager to see how the rest of the week unfolds.
After suggestions to feature
@Blockstream
CEO Adam Back for a Bitcoin origin story, Bloomberg's Merryn Somerset replied:
"Canโt have anyone with the eye thing. We donโt do evangelism."
@adam3us
's reply:
Interesting trend over the past month:
Mainstream media's
#Bitcoin
coverage intensified during dramatic price drops, but didn't match that fervor during significant price surges.
Seems like the drama of a fall is more newsworthy than a rise.
During the ETF media frenzy, Forbes covered Bitcoin with its usual volume, unlike other outlets that went into overdrive crafting various narratives.
Using CNBC as just one example, Forbes' approach contrasts with the reactive coverage seen elsewhere in the media landscape.
James Mackintosh, Senior Markets Columnist at The Wall Street Journal:
"
#bitcoin
ETFs are likely to make its bad performance in crises even worse, by bringing in even more speculators to whatโs already mostly a speculative asset."