Metro News, based in the United Kingdom (UK) has hailed the Bitcoin dominance in a detailed news piece.
Metro News is one of the most widely circulated papers of the UK has published quite an optimistic article on Bitcoin dominance for its large reader base. The article in question offers insufficient details but features 4 minutes long explanation video.
Known for its less political partiality and simplistic accounts of events, the newspaper presented an oversimplified piece of information on Bitcoin to its readership. Instead of providing its readers with the caution against the use of Bitcoin, it was merely focused on its explanation and the buying of crypto asset.
Bitcoin dominance reaches mainstream media
After a brief introduction of Bitcoin and its history, its comparison with the traditional bank money was drawn claiming it to be the best of the best. From barter to gold to government to greed, now we have stepped into the “Golden Age of Cryptocurrency” as stated in the article.
Among the most important points that the said article seemed to brush off is the mention of this cryptocurrency being widely used by the drug dealers on the Drug Web. Dark Web did get a mention in the embedded video but that was only in the passing.
This indicates that it was only for a short period in the history of Bitcoin. In addition to that, there was no mention of Bitcoin being used in financial crimes. Nor it refers to Bitcoin as a tool for enabling money laundering internationally – a fact that concerns lawmakers and regulators to a great extent about the use of technology.
Its good to see the mainstream media giving coverage to Bitcoin with openmindedness but showing only half a picture to its readers is sheer malpractice on part of an esteemed newspaper enjoying a wide readership.