Financial Times issues apology to bitcoiners after 13 years of Criticism.

[bitterguy28]

Just yesterday I read on Twitter what all the Bitcoin detractors were thinking now... I vaguely remember the names of some companies that 10 years ago only knew how to laugh and mock, and of many "economic experts" who said that Bitcoin would die... Now they logically remain silent, looking away. At least from the Financial Times they have "apologized" even a little.

i do not know if it really is an apology but at least they acknowledged that they are being ridiculed now because of their stance a decade ago they looked like fools so they had to make themselves appear as if they still had the upper hand but the truth is they lost out the most here too because while everyone is making profits now they failed to join the boat before it sailed away and that is the truth

they still stand by what they said back then so it is not like they totally changed their opinion on bitcoin they will not invest any more but they also acknowledge that they were wrong even if they still want to stick with that narrative

[Freemind]

i do not know if it really is an apology but at least they acknowledged that they are being ridiculed now because of their stance a decade ago they looked like fools so they had to make themselves appear as if they still had the upper hand but the truth is they lost out the most here too because while everyone is making profits now they failed to join the boat before it sailed away and that is the truth

they still stand by what they said back then so it is not like they totally changed their opinion on bitcoin they will not invest any more but they also acknowledge that they were wrong even if they still want to stick with that narrative

You may be right, and it may actually have been just an "it's okay, you were right all these years", but at least they said something, not like most people and the media who remain silent.

But don't trust what media outlets like the Financial Times say, because what they say is one thing and what they do is another. As an example, I will recover a screenshot from 2017, the year in which Jamie Dimon, CEO of JP Morgan, said that Bitcoin was a scam:

[Lucius]

~snip~
Again, Bitcoin, known by it's community as a digital gold and an investment assets class, was able to prove many doubting Thomas wrong once again as it blast past $100k milestone.

Bitcoin is first and foremost a decentralized cryptocurrency, regardless of the fact that people have decided that they will not use it that way for the most part. The more we move away from that idea and talk about digital gold, the less relevant we little people will be - and in the future, funds and governments will be asked about the future of BTC, because it will have the largest share of ownership and the largest share of mining.


@Freemind, it's a good and tried and tested tactic, although I think JD is one of those old-fashioned people who will always believe in something proven and traditional more than in something new. As a CEO, he can say one thing and mean the same thing, but that doesn't stop the company from doing the exact opposite for the sake of profit.

+1

[ZAINmalik75]

As the tide changes, so do men especially on the potential of Bitcoin.13 years ago, many people, who has little or no remorse were openly critical about the emerging force of Bitcoin as a financial hedge against inflation and a digital assets class.

Again, Bitcoin, known by it's community as a digital gold and an investment assets class, was able to prove many doubting Thomas wrong once again as it blast past $100k milestone.

As the Tide is continuously changing, so we all may be hearing from different news and social platforms of men, or organizations tendering apology, but to me, it is of no effect because Bitcoin has come to stay.

Please check the details here: https://cointelegraph.com/news/financial-times-issues-weak-apology-bitcoiners

Why are they apologizing bitcoiners it was their loss they should apologize to themselves it was their decision and they had to stand with it why are they now apologizing when BTC hit $100k so in their sight BTC hitting $100k is bigger than approval of BTC ETFs. I think this was a public stunt to get more views.

It is certainly a big achievement for bitcoiners that bitcoin crossed $100k target and now future of BTC is very bullish. Every investor should do their own research and stand with it and accepting mistake is certainly one of the good characteristics.

[Rruchi man]

As the Tide is continuously changing, so we all may be hearing from different news and social platforms of men, or organizations tendering apology, but to me, it is of no effect because Bitcoin has come to stay.

They should also apologise to the number of people who they successfully made not to continue with the plan they had to invest in bitcoin. There are people who take the articles from news outlets very seriously, and they have been influenced. Those people failed to realise on time that anything on the media is under the control of the government and cannot be fully trusted. The damage they have already done misleading people not to invest in bitcoin cannot be corrected.

[yhiaali3]

”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,” said Bryce Elder, city editor of FT’s op-ed section, Alphaville.

“We’re sorry if you misunderstood our crypto cynicism to be a declaration of support for tradfi, because we hate that too.”

Finally they admitted their mistake after 13 years!!! How fast they are

But it's okay "better late than never" as the saying goes.

Their apology was good as they admitted that they were the reason some people refrained from buying Bitcoin early and missed the opportunity, and they also said that they appeared to support traditional financial currencies but they are not.

[Lucius]

@yhiaali3, what do you think will happen when (if) a major correction occurs? Will they stay with their current opinion or will they start negative propaganda again?

In a way, the media turn the way certain political/economic winds blow at a given moment - and if BTC will become part of the US strategic reserves, then it is not good for business to write negatively about it, right? Therefore, I don't see sincerity here, but just plain populism behind which the same people with the same ideas and opinions continue to hide.

[yhiaali3]

@yhiaali3, what do you think will happen when (if) a major correction occurs? Will they stay with their current opinion or will they start negative propaganda again?

Yes I understand your point, if there is a big correction they will most likely change their position again and start hyping up and shouting loudly against Bitcoin and spreading negative propaganda.

Some people do not have fixed positions and change their positions with the change of political or economic trends so I would not be surprised at all if they change their position again if the US government changes its position on Bitcoin.

[Lucius]

@yhiaali3, That's why it doesn't really matter to me what they (and many others) have written and will write in the future. Everyone would do themselves a great favor if they read and watched less of what the mainstream media says, because most of what they present is mostly lies and deception.

Most of the media in the world are under the control of several large corporations and serve to direct people's opinion in a certain direction.

[Faisal2202]

Just yesterday I read on Twitter what all the Bitcoin detractors were thinking now... I vaguely remember the names of some companies that 10 years ago only knew how to laugh and mock, and of many "economic experts" who said that Bitcoin would die... Now they logically remain silent, looking away. At least from the Financial Times they have "apologized" even a little.

Time puts us all in our place.

Time really makes many regrets, although I never took these economic experts seriously because they just keeping an eye on every market and sharing what they know only. I won't listen to these people who have no spend a lot of time in a day on watching and observing candles, instead I will follow a dude who is sitting 12 hours a day on charts for the last 10 years.

I know looking at charts won't give much benefit, but that's really not true because if a person is keeping an eye on the behaviour and potential of BTC for the last 10 years and observing to which news and event BTC reacts and in which way, then these experts should be the ones we follow.

There will always be someone criticizing BTC and even in today's world there will be someone against BTC, I mean, currently, at the time of writing this post, Shareholders of Microsoft Company are to vote on whether they should add BTC to their assets balance sheet or not and this result will also tell us if there are people against BTC even now (results are yet to announce but it feels like they won't add it.)

[Z-tight]

There will always be someone criticizing BTC and even in today's world there will be someone against BTC,

Yeah, everybody cannot like or understand BTC, though i believe that BTC haters have reduced compared to its early days, back then many people called it a bubble, they said it would not last long, but now they know they were so wrong. The future is very interesting for BTC and bitcoiners, so we should not concern ourselves with what anti bitcoiners say or do.

[Freemind]

~snip~
@Freemind, it's a good and tried and tested tactic, although I think JD is one of those old-fashioned people who will always believe in something proven and traditional more than in something new. As a CEO, he can say one thing and mean the same thing, but that doesn't stop the company from doing the exact opposite for the sake of profit.

+1

What you say is very true and it is in most cases. But if as a company they want to gain credibility and maintain the trust of investors, the least JP Morgan (and many others) could have done is be more discreet when purchasing Bitcoin. I think it is not very healthy for a company for its CEO to speak badly about a product while the same company is investing in said product.

And I know it's to make a profit, but it still doesn't seem logical to me that you "play" with investors' money on something you publicly criticize.

[Faisal2202]

Yeah, everybody cannot like or understand BTC, though i believe that BTC haters have reduced compared to its early days, back then many people called it a bubble, they said it would not last long, but now they know they were so wrong. The future is very interesting for BTC and bitcoiners, so we should not concern ourselves with what anti bitcoiners say or do.

You are 100% right even in my area before people were not used to hear that hey that person has made investment in BTC they said what! I mean the reaction is totally indicating that they consider it a scam and think it won't give much profit.

Or profit at all. Now my relatives, and people near me are changing as they see BTC being adopted to this level, although most of them don't even now about ETF approval and all the adoption going on they just saw the price is now $100k this is enough to convince them that BTC have potential.

With time people realize the mistake but unfortunately the time has been passed now they can't benefit from it.

[JoyMarsha]

This time around, those who want to stand their ground or have a change of mind about their negative outburst of Bitcoin should go ahead and do so, if they like. It's not a must for them to do because their stance on Bitcoin doesn't matter any longer. After all, Bitcoin has proven itself to be a legitimate asset that doesn't need anyone's validation to grow stronger. Its popularity has grown all over the world

[NotATether]

Just yesterday I read on Twitter what all the Bitcoin detractors were thinking now... I vaguely remember the names of some companies that 10 years ago only knew how to laugh and mock, and of many "economic experts" who said that Bitcoin would die... Now they logically remain silent, looking away. At least from the Financial Times they have "apologized" even a little.

Time puts us all in our place.

Now that everybody is talking about crypto, all of the bitcoin detractors have shut up. And that's a good thing. Who needs their opinion anyway? It's all worthless.

I never want to read a "bitcoin is dead" article again, unless we mismanage the protocol so much that Bitcoin does actually start dying. But then it would be though our own actions not from some BS.