Reuters reporting empowers Bitcoin

Mainstream media outlets, including Reuters, have started running positive angles on Bitcoin.

The US dollar's rapid decline in value has prompted various headlines from respected media outlets.

None was more impressive and beneficial for the blockchain and Bitcoin industries than Reuters’, article by the name of “Dollar plummets on US stimulus hopes; Bitcoin hits all-time peak.”

The article, published on December 1, suggested that Bitcoin may indeed prove a worthwhile alternative at a time when FIAT currency is struggling to find its bearings.

The headline comes amid negotiations between Treasury Secretary Steve Mnuchin and House of Representatives Speakers Nancy Pelosi with the pair not known to get along too well.

Crypto enthusiasts have been quite happy with the wording Reuters has chosen. Erik Voorhees from ShapeShift has called it a headline that would have been more appropriate for 2024, when most people expect Bitcoin to show its true potential.

Besides, Reuters is definitely a mainstream media supportive of the financial status quo and definitely not too interested in Bitcoin.

This may be shifting now as the US Dollar Index is not doing so well these days.

Unfortunately, the covid-19 relief package has brought on further devaluation to the dollar as the federal government had to push up inflation through federal stimuli bills to support an economy reeling from the impact of the pandemic.

The news is good and it means that crypto players have a lot to be happy about. Bitcasino.io, 1xBit and BitStarz are the companies that have benefiting from the positive attitude investors and mainstream institutions have had of Bitcoin of late.

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Written by Alex

Reporter

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.

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