Regardless of the USD spurring a rush on stocks, commodities, and its rival currencies, Bitcoin (BTC) is holding regular on the $19,000-$20,000 level, leaving mainstream media with no alternative however to make BTC headlines.

American each day The New York Occasions highlighted BTC’s 6.5% surge over the previous seven days, noting that it has attracted the eye of crypto bulls and bears alike. In the meantime, Fortune Journal’s crypto outlet additionally in contrast Bitcoin’s excellent efficiency to different property such because the Japanese yen, Chinese language yuan and gold, aside from the euro and the pound.

With fiat currencies just like the euro and British pound failing to carry their very own in opposition to the US dollar (USD), mainstream media has begun to highlight Bitcoin (BTC) for its regular efficiency.

Supply: moneymorning.com.au

Alternatively, media outlet Proactive talked about in its headline that it might be “Time to Go Huge on Bitcoin.” Though the headline within the article’s content material was dismissed as sarcasm, the writer confused {that a} majority of institutional traders wish to put an finish to the present crypto winter.

In the meantime, Australian information website information.com.au has highlighted consultants who’re constructive concerning the use circumstances of Bitcoin and blockchain. Some consultants even predicted that the BTC worth might ultimately attain a brand new all-time high of $100,000.

Associated: Crypto Baffles Mainstream Media, However Ought to Blockchain Advocates Care?

Whereas the British pound hit a brand new all-time low in opposition to the US dollar, bitcoin’s restricted provide might doubtlessly give it an edge in opposition to the pound. In response to financial website Porkopolis Economics, the pound’s issuance charge has been 11.2% yearly since 1970, whereas BTC has a charge of 1.7%. This offers BTC considerably decrease provide issuance and this might doubtlessly widen the hole between the 2 currencies.

The worth of bitcoin is not the one crypto scoop that is lately made it into the mainstream media highlight. In early September, mainstream media additionally turned their consideration to Ethereum and its latest transfer to a Proof-of-Stake (PoS) consensus mechanism.