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I used to work for a major asset management firm, for a well known investor. The person had a decade of hugely market beating returns under his belt, and was quite humble about it. Perfidious journalists from the likes of Bloomberg and the FT, who had never achieved anything meaningful in their lives, who might have been schooled or corrected in prior interviews by him once before, were apparently seething with jealousy and preying on this person's downfall. When the person had one bad year (not negating any of the prior year's outperformance), they pounced on it, and my Bloomberg would ping day after day with incredible mean spirited negative articles assassinating his character. Anyway, just anecdotal, but that's how the Lügenpresse rolls. BTC going to a milly, go fuck yourselves.

lol they'll never learn. same outlets that called amazon a ponzi in '99, gold a bubble at all-time highs in 2010, and btc "dead" every 2nd week since 2013. the quiet guy stacking sats while the lügenpresse cry more - that's the vibe. hodl and let 'em choke on the 7th "bitcoin is tulips" article this decade 🤝

Bloomberg really had been going hard all week too. I just presumed it's so wall street types can buy in at better prices via blood in the water fear mongering and who are they to argue with that goal...

I think people often see finance as this well oiled machine that knows exactly how to manipulate the world to make money from it. In reality this sort of thing from Bloomberg is probably literally disgruntled boomer journalists that hate on it because it’s associated with the “opposite side” politically and because they simply missed out They’re power tripping, abusing what little power they have in the world to literally troll it