76 sats \ 1 reply \ @Undisciplined 16 Aug \ on: Media Fractal around Bitcoin bitcoin
I think there's probably a ton going on here and most of it is not intentionally sinister.
- Bitcoin is new and most people find it scary, so stories feeding into that will perform better and are more likely to be the view of potential authors.
- Bitcoin doesn't require brokers and financial managers. Therefor, they have a vested interest in advising against it and that will lead them to be biased against it.
- Big money managers have an incentive to try to please their large clients, which can come at the expense of dumping inferior investments onto their pleb clients. That probably works in reverse too, where they advise their plebs against investing in something until their important clients have secured their positions.
- Bitcoin has become associated with "The Far Right", which will render many incapable of evaluating it in good faith.
Yeah, solid points. It is rarely one thing. The world isn't as simple as we like to believe it is.
reply