TechFlow news, December 5 — As Bitcoin's price surpassed the $100,000 mark, the Financial Times (FT) column Alphaville issued an "apology letter." FT acknowledged that its coverage over the past 14 years may have given readers the impression of general skepticism toward cryptocurrencies.
The column reaffirmed its view on Bitcoin: while clever as a unit of account, it is inefficient as a medium of exchange and flawed as a store of value. Nevertheless, FT stated, "if readers missed out on the appreciation of digital assets due to our reporting, we are truly sorry." It also emphasized that this apology does not imply endorsement of the traditional financial system, which the column continues to criticize just as strongly.
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