Why does FUD sentiment make bitcoin ever stronger?

There are of course many technical jargon words used in the cryptosphere. There are two that are used which are FUD and FOMO.

FOMO is the feeling that means Fear of Missing Out or specifically the fear of missing the train.

FUD represents the feeling of "Fear, uncertainty and doubt". The feeling of fear and doubt that one can have about the evolution of the market or the price of a cryptocurrency.

FUD is in fact a catch-all derogatory term in which we will put all the concerns that we will have about this or that crypto, while it continues to increase in value.

Typically, we can classify the ecological problems linked to bitcoin mining as FUD. Bitcoin alone crystallizes the feeling of FUD as many media and people have criticized the king of cryptos.

Bitcoin continues to attract new supporters to the blockchain, but nevertheless, FUD continues to emerge with ever greater force. International regulators, led by the SEC, point out the alleged abuses of cryptocurrencies whenever they can.

Some traditional media may want to spread fear and fear about cryptocurrencies, but nothing works. More and more people are becoming interested in it and are fervently entering the dance. NFTs have come to bring the point of grace and almost no return.

In any case, the history of bitcoin was also created by standing up against the financial establishment. There is nothing new about this criticism of cryptos from banking institutions… This is even how it all began to summarize the history of bitcoin.

And strangely, the more FUD seeks to spread on media like BBC News (among others), the more people's will grows.

This creates the opposite desired effect, a bit like the Streisand effect.

The credibility of the media has lost its splendor. This type of title loses its consistency over time. Reporting that bitcoin has lost its value does not change the confidence placed in this asset. He falls…yes, for a while, so what?

Market fluctuations are usual and the FUD or fear of losing everything gradually weakens.

All the FUD fears never actually came true. We hear lots of negative things, that tokens are only speculative products for example, but everything is quickly dismantled.

How many times has it been announced that bitcoin is dead? According to the site 99Bitcoins.com which has listed all the newspaper clippings, bitcoin has died 430 times…

Well, it’s clear that it has never been so alive and so big…

It has never been more relevant than to quote Nietzsche and declare for bitcoin that "what does not kill you makes you stronger". Right?

So, long live the FUD if it only confirms what we all know: bitcoin is here to stay and it is traditional finance that seems to be dying without the players in this system wanting to admit it...

However, big names in classic finance who spoke out against Bitcoin have since converted. Now, ironically, they are even real evangelists...

A funny story when you look at it from a little perspective...