British Media Covers Bitcoin Break Above $12k

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Last Updated on 20 August 2020 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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British mainstream media newspapers like the Independent and Metro covered Bitcoin’s break out above $12,000 this week, as the most famous cryptocurrency continues to go global. Bitcoin is now noted alongside gold as a safe investment to protect against inflation.

At the time of writing, Bitcoin is still battling the $12k level and trades at around $11,700.

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Independent and Metro

Metro is a neutral stance newspaper in the UK, meaning it stays out of politics, unlike it’s sister publication the Daily Mail. According to Wikipedia, Metro is the “United Kingdom’s highest-circulation, print newspaper” which is delivered to anyone taking public transport.

Just yesterday, they also covered Bitcoin’s meteoric rise this year and reminded readers that the cryptocurrency hit $20,000 in 2017.

The Independent, another large newspaper in the UK, had also written about Bitcoin’s price rise to $12k a day earlier. Their coverage was quite significant, making it into the Cointelegraph as well.

That newspaper described Bitcoin to their readers as “an attractive investment asset with more long-term appreciation potential than holding cash”.

Indian bankers also positive

Over in the US, where media has covered Bitcoin since a long time, CNBC invited Raghuram Rajan, former governor of the Reserve Bank of India, to discuss his thoughts on both Bitcoin and Libra, the digital currency that Facebook plans to launch.

As India turns out to be a place where crypto is rising in appreciation for it’s protection against inflation, Mr Rajan admitted that both digital currencies are indeed creating a market for themselves in today’s financial world.