2024

Bitcoin

when

Higher

<h4><strong>But this wasn’t your typical heartfelt apology—it was more of a “sorry, not sorry” moment. </strong><strong style="color: var(--td_text_color, #111111); font-family: var(--td_default_google_font_2, 'Roboto', sans-serif);">In a satirical op-ed published by FT Alphaville, Bryce Elder, the city editor of the section, directed his remarks toward Bitcoin enthusiasts.</strong></h4>
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    <p>Elder quipped, “We’re sorry if at any moment in the past 14 years you chose based on our coverage not to buy a thing whose number has gone up. It’s nice when your number goes up”. The tone wasn’t lost on readers, who quickly called out the sarcasm on social media platform X.</p>
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<h5><strong>Years of Bitcoin Criticism</strong></h5>
<p>Since its first article on Bitcoin in 2011—when Bitcoin traded at just $15.90—FT Alphaville has been a vocal critic of the <a href="https://www.altcoinbuzz.io/?s=crypto+industry" target="_blank" rel="noopener noreferrer nofollow">crypto industry</a>. Over the years, the publication labeled Bitcoin as a “negative-sum game,” meaning they believe it creates more losses than gains. They also called it “chronically inefficient” for everyday transactions and “compromised” as a store of value.</p>
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 <p dir="ltr" lang="en">Hodlers: an apology <a href="https://t.co/aDJdYXuCQD" rel="noopener noreferrer nofollow">https://t.co/aDJdYXuCQD</a></p>
 <p>— FT Alphaville (@FTAlphaville) <a href="https://twitter.com/FTAlphaville/status/1864587881223737785?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 5, 2024</a></p>
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<p>Elder doubled down on these opinions in the op-ed, describing Bitcoin’s price as an “arbitrary hype gauge” disconnected from any real-world use. He added that FT Alphaville stands by “every single one of those posts.”</p>
<h5><strong>Mixed Reactions from Bitcoiners</strong></h5>
<p>As expected, the “apology” didn’t sit well with Bitcoin supporters. Many accused FT of missing the boat and failing to recognize Bitcoin’s growing role in the global economy.</p>
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 <p dir="ltr" lang="en">you are not sorry enough. Higher <a href="https://t.co/FannH6ayfk" rel="noopener noreferrer nofollow">pic.twitter.com/FannH6ayfk</a></p>
 <p>— Takuiten<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Takuiten) <a href="https://twitter.com/Takuiten/status/1864682400216961375?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 5, 2024</a></p>
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<p>Others saw the humor in the situation, pointing out that FT’s skepticism hasn’t stopped Bitcoin from climbing to new heights.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/financial-times-issues-snarky-apology-to-bitcoin-fans/" rel="noopener noreferrer nofollow">Financial Times Issues Snarky ‘Apology’ to Bitcoin Fans</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Financial Times Issues Snarky ‘Apology’ to Bitcoin Fans

Altcoin Buzz

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