FT Alphaville apologizes to readers after bitcoin hits $100K
The city editor of the Financial Times’ popular op-ed section, Alphaville, has apologized for its years of staunchly negative bitcoin (BTC) coverage. As the world’s largest crypto surpassed $100,000 per coin, they took a brief moment to self-reflect. Then within seconds, they doubled down on their reporting. In short, their mea culpa for discouraging millions of readers from buying BTC since 2011 (when one coin was worth $8) consisted of a single, backhanded sentence: “We’re sorry if at any moment in the past 14 years you chose based on our coverage not to buy a thing whose number has gone up.” Lmao this is real. pic.twitter.com/StSPlvM1Ga — David Bailey $0.85mm/btc is the floor (@DavidFBailey) December 5, 2024 Sorry, not sorry! Immediately prior to that non-apology, editor Bryce Elder reiterated his support for FT Alphaville’s doomsaying proclamations as BTC rallied 1,200,000% from the section’s June 2011 coverage. Mostly defending the reign of former edit...