Bitcoin reached a historic milestone by reaching the symbolic mark of $100,000. Since its creation in 2009, this flagship crypto has aroused fascination and distrust, revolutionizing finance while attracting strong criticism. From doubts about its mysterious creator, Satoshi Nakamoto, to distrust of its environmental impact, there have been numerous debates. But how did the media influence this extraordinary rise?
Bitcoin: Tumultuous beginnings in the spotlight
From its infancy, bitcoin attracted media attention, but not always in the best light. In fact, he has been declared dead 415 times. In 2011, Forbes prematurely announced “ the end of bitcoin “, After a sudden drop in its price from $17 to a few cents. The crash? A massive sale that the Mt. Gox platform could not absorb.
Criticism then shifted to its mysterious creator. In 2013, CNN described the anonymity of Satoshi Nakamoto as A ” huge warning sign »emphasizing that anonymous transactions could encourage illicit activities.
Ironically, with therise of blockchain traceability toolsthis criticism now seems outdated.
A quick reminder in figures of the first obstacles:
- 2011 : Crash, drop in the price of bitcoin from $17 to cents;
- 2013 : Ascent to $900, reviews on Satoshi;
- 2018 : Bitcoin becomes a “ energy glutton » according to The Washington Post.
Despite everything, each attack has fueled the debate and, paradoxically, strengthened interest in bitcoin.
Satoshi Nakamoto: Visionary genius or reckless doctor?
The identity of Satoshi Nakamoto remains an enigma which fuels speculation. While some consider him a revolutionary genius, others, like The Financial Times in 2014, see him as a doctor who is a little too “generous” with its monetary prescription.
Mark Williams, a former risk examiner, believed that Satoshi had ignored economic cycles in the design of Bitcoincalling it “ reckless libertarian creation “. This criticism reflects the tension between the centralized model of traditional banks and the promise of economic sovereignty driven by bitcoin.
However, Nakamoto's arguments have resonated with new generations of investors. Today, many see in this creation a way to counter the excesses of central banksnotably through products like Bitcoin ETFs, which make the asset more accessible.
The price of BTC: Between media skepticism and mass adoption
The price of BTC has always been a hot topic. In 2021, when it reached $40,000, The New York Times denounced a network “ too slow and expensive ». Similar criticisms have resurfaced in 2024, despite the approval of the first Bitcoin ETFs. The media, such as CNN, then recommended not succumbing to euphoria without careful consideration.
However, the facts speak for themselves: the rise of Bitcoin ETFs, notably thanks to giants like BlackRock – rich in 500,000 BTC, has led to massive inflows of capitalreaching $47 billion in less than a year. Institutional investors, previously cautious, changed their posture, contributing to this spectacular increase.
For Forbes, however, this rapid rise could compromise its use as currency.
“ As long as Bitcoin is about prices, it will never become a currency », wrote recently John Tamnysummarizing the eternal dilemma between speculation and adoption.
Thus, despite a journey strewn with pitfalls and harsh criticism, bitcoin has managed to establish itself as a major player, attracting small and large investors. Its recognition by institutions and governments marks a decisive turning point. Even skeptics like Vladimir Putin today admit that “ no one can stop Bitcoin », a direct response to Donald Trump's renewed ambitions on the dollar. The revolution continues, and it has not stopped making people talk about it.
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