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Today, The Wall Street Journal (WSJ) published an article that tried to discredit Bitcoin among the recent commercial war of the US rates, Canada and Mexico, because the price of Bitcoin has decreased in the wake of the news.
“Bitcoin-Propagandato as a digital value-free shop-is down by more than 4% in the last 24 hours, after the White House has instigated cross-border rates,” said the article. “Once the cryptocurrencies have been promoted as investments that act independently of the actions, but in reality their moves often resemble out of exit -size versions of the wider market oscillations”.
In the second sentence mentioned above, the WSJ tries to reduce the proposal for Bitcoin’s value, underlining that the Bitcoin price is only related to other traditional activities.
What the author of the article does not share, however, is that the Bitcoin price will drop and, much more than traditional resources, because it is incredibly liquid and is easy to buy and sell. But Bitcoin is a distributed network made up of miners, knots, developers and users – on a technical level, it is quite different from other activities such as actions, as it does not have a central part that controls it.
For this reason, Bitcoin was a safe refuge for those who try to navigate with geopolitical fears. Nobody can simply print more bitcoins from nowhere and inflate the supply, respect any unwanted network changes during the night, or overturn and prevent the execution of the network.
But not only believe it, take Larry Fink, the CEO of the largest resources manager in the world, Blackrock. Just a couple of weeks ago, Fink claimed to be a real believer in the proposal for the value of Bitcoin and that if you are afraid of geopolitical fears in your country, you can now have an international -based resource that completely operates regardless of those tensions.
Just in: Larry Fink, Blackrock CEO from $ 11.5 trillion, says Bitcoin could go up to $ 700,000 if there is more fear of tasting the currency and economic instability.pic.twitter.com/woxclasjdp
– Bitcoin Magazine (@bitcoinmagazine) January 22, 2025
Of course, the price of Bitcoin will respond to the news and events that occur in the short term, causing great price actions or downwards, but Cherrypick data in an attempt to make Bitcoin seem as if it were a bad investment is only a Bad reporting and misleading. Bitcoin has been the most performing resource of the last 15 years and will probably continue to work well because of its value proposal.
The important point to understand here is that while Bitcoin is a volatile resource that reacts to daily events, in the long term, the proposal for Bitcoin’s value is what brings its increasing price. For the first time in history, we have money that cannot be hyper -infected. Bitcoin also allows people to be freely through the boundaries, without permission, giving users an escape to anyone whose country is trying to control them financially.
Forget the short -term price when it comes to Bitcoin as a tool to help surf on geopolitical tensions. In the long term, Bitcoin’s demand and demand will increase the price of how today it is. Mainstream media items on Bitcoin have always lost the wider picture and end up misleading the people who read them. As geopolitical tensions increase, Bitcoin is the safest resource you can possess.
This article is a Take. The opinions expressed are entirely those of the author and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.