Media can play an important role for Cryptocurrency in a positive way. Due to Media, Cryptocurrency got widespread attention. New people are now interested in Cryptocurrency. Whole Cryptocurrency attention is primarily for Bitcoin Price movement.

If you publish positive news, More and more people will be interested in Cryptocurrency and it is good for Crypto growth. I don't believe that Cryptocurrency is only for Tech savvy person. Cryptocurrency is for all.

The Cryptocurrency market is reacting negatively now Because media misinterpret India's finance minister parliamentary speech. In a parliamentary speech, He talked about a crackdown on illegal activities related to Cryptocurrency.

“The government does not recognize cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these crypto assets in financing illegitimate activities or as part of the payments system.” Source

This is exactly what South Korean regulatory authority is doing now. This is not new. I personally appreciate it. Illegal activities should stop no matter what form it is.

Media should understand the impact of the news it is spreading before publishing any news. They are more concerned about breaking news rather actual facts.

What do you think about media news reporting? Please post your comment below

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