Tether CEO Paolo Ardoino highlighted the silence of ‘experts’ in the mainstream media. These experts were critical of El Salvador’s Bitcoin investment when it was losing money, yet chose to remain silent when the investment turned profitable.
Ardoino’s message underscores the tendency of mainstream media experts to selectively engage with stories and offer criticisms based on whether they conform to established norms. The criticisms of El Salvador’s Bitcoin move have a stark contradiction between the period when the market was falling and now when the investment has become profitable.
The cryptocurrency sector is often met with skepticism by traditional financial institutions and mainstream media outlets. Ardoino’s observations point to the trend of ‘experts’ criticizing ventures that deviate from the traditional financial system. However, when Bitcoin investments become profitable, the same critics fall silent.
As Bitcoin continues to prove its resilience and profitability, it symbolizes a greater challenge to entrenched narratives. The success of cryptocurrency necessitates a reevaluation of traditional finance and investment concepts and challenges the prejudiced views of mainstream financial institutions.
Bitcoin’s success story speaks louder than the words of mainstream media ‘experts.’ On the other hand, the silence of those who were vocal during downturns, even in times of rising, can be seen as a reflection of double standards. The emphasis Tether’s CEO places on this double standard represents a valuable approach that shows the cryptocurrency field is not staying silent.