Massive UK Newspaper Heralds Bitcoin and the Golden Age of Cryptocurrency

The United Kingdoms widely circulated Metro news publication has published a surprisingly bullish article explaining Bitcoin for its millions of readers. The article is scant in its detail but does feature a full Bitcoin explanation video.

The overall tone of the clip is incredibly optimistic for Bitcoins long term. Rather than caution against its use, it seems to encourage it, explaining in the simplest possible terms and providing information on how to buy the crypto asset.

Metro Newspaper Shows Bitcoins Qualities to Millions

We love seeing the mainstream media approach Bitcoin with an open mind. Earlier this year, much of the industry celebrated as it made a convert of CNBC anchor Joe SquawkKernan. Elsewhere, other non-crypto publications have been providing a much more balanced view of the industry as it continues to mature.

Nothing thus far in mainstream media appears to have championed Bitcoin quite as heavily to the general public as UK newspaper the Metro. Circulated on almost every bus and train in the nation, the paper is a favourite of many since it offers a simplistic take on events with less political bias than other widely read publications.

Today, the online version of the publication featured a story introducing Bitcoin to its readership. The article is loosely based on the Hong Kong riots – there are two sentences that can be surmised as: Hong Kong is rioting and people are buying Bitcoin there as a means of capital flight.

The Hong Kong subject of the article appears to have been used as a flimsy excuse to put out some bullish-on-Bitcoin content the paper has been sitting on. The article goes on to briefly explain what Bitcoin is.

It is basic in its detail but one of the most notable things about it is that there is no mention whatsoever of Bitcoin being used as a means for drug dealing on the Dark Web, or as a tool to enable international money laundering. This is a complete anomaly for a mainstream media article attempting to explain what Bitcoin is.

The pro-Bitcoin coverage continues during a four minute explanation video. It begins with an incredibly brief history of money, stating that an early system of barter was replaced by one of gold, government, and greed. The next sentence, however, really sets the tone of the rest of the piece:

Now a new way of exchange is breaking out as we enter the golden age of cryptocurrency.

The video primarily focuses on Bitcoin, on the grounds that it was the first and the one making all the headlines. Viewers are introduced early to one of the main arguments against fiat currency forwarded by Bitcoin proponents:

The currency we use today, like sterling, euro, dollar isnt worth anything in itself but it is representative of a gold or Federal Reserve.

Unfortunately, the presenter didnt cut off that sentence before the word but or at least provide explanation of how fractional reserve banking works and the fact that there is no gold. However, we do applaud the ef ...

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Tags: Bitcoin, United Kingdom, Cryptocurrency, Gold, Hong Kong, Publication, Newspaper, Metro International, Golden Age, Metro