Regardless of USD bringing an onslaught to shares, commodities and its rival currencies, BTC holds regular on the $19,000 to $20,000 mark, leaving mainstream media no selection however to place BTC into the headlines.

American each day newspaper The New York Occasions highlighted BTC’s 6.5% enhance within the final seven days and famous that this had caught the eye of crypto bulls and bears. In the meantime, Fortune Journal’s crypto outlet has additionally compared Bitcoin’s standout efficiency to different property just like the Japanese Yen, Chinese language Yuan and gold, other than the Euro and pound.

With fiat currencies just like the Euro and the Nice British pound sterling failing to carry their floor in opposition to the USA greenback (USD), mainstream media retailers have began to place Bitcoin (BTC) into the highlight for its regular efficiency.

However, the media outlet Proactive mentioned of their headline that it could be “time to place every part on Bitcoin.” Regardless of brushing the headline as sarcasm throughout the content material of the article, the writer highlighted {that a} majority of institutional traders need to put an finish to the present crypto winter.

In the meantime, the Australian information web site information.com.au has highlighted specialists talking positively on Bitcoin and blockchain’s use circumstances. Some specialists even predicted that the BTC value may ultimately hit a brand new all-time excessive of $100,000.

Crypto baffles mainstream media, however ought to blockchain advocates care?

In the meantime, because the British pound hit a brand new all-time low in opposition to the US greenback, Bitcoin’s restricted provide may doubtlessly give it a bonus in opposition to the pound. In response to the finance web site Porkopolis Economics, the issuance charge of the pound has been 11.2% yearly since 1970 whereas BTC has a charge of 1.7%. This offers BTC a considerably decrease provide issuance and this might doubtlessly widen the hole between the 2 currencies.

Bitcoin’s value isn’t the one crypto scoop that made it to the mainstream media highlight just lately. Earlier in September, mainstream media retailers additionally put their sights on Ethereum and its latest transition to a proof-of-stake (PoS) consensus mechanism.