Bitcoiners Slam The FT Over Calling Bitcoin to Drop to Zero
Analysis
Price Impact
LowThe ft article itself, being an opinion piece calling for bitcoin to drop to zero, is largely dismissed by the crypto community. while a major publication, its immediate price impact is low as the market has historically ignored or even reacted contrarian to such negative predictions.
Trustworthiness
LowThe financial times is a reputable financial news outlet, but this specific opinion piece is seen by the crypto community as outdated and misinformed, leading to low trust in its prediction of bitcoin's value dropping to zero.
Price Direction
BullishVeteran market participants and the wider crypto community are interpreting the article as a 'contrarian indicator' or a 'bottom signal.' historical patterns suggest that mainstream media declaring bitcoin 'dead' often precedes positive price movements.
Time Effect
ShortThe immediate reaction is a sentiment shift where participants view the news as a bullish contrarian signal, potentially leading to short-term buying interest. a 'bottom' signal's full effect, however, can play out over a longer period.
Original Article:
Article Content:
Cover image via www.flickr.com Read U.TODAY on Google News The cryptocurrency community has unleashed a torrent of mockery and defiance against the Financial Times following the publication of a scathing opinion piece declaring that Bitcoin is effectively worthless. Advertisement The article, penned by FT columnist Jemima Kelly and titled "Bitcoin is still about $70,000 too high," argues that the leading cryptocurrency is destined to hit zero. Kelly compares Bitcoin holders to the protagonist of the French film La Haine, a man falling from a skyscraper who comforts himself on the way down by repeating "so far, so good," before inevitably splattering on the ground. HOT Stories Bitcoiners Slam The FT Over Calling Bitcoin to Drop to Zero Morning Crypto Report: 'I Am Capitulating': What's Vitalik Buterin Talking About? Bitcoin Quantum Threat Drama Gets 20,000 BTC Twist, Cardano out of Top 10 as Bitcoin Cash Wins Back 25% of BCH Price The 'bottom signal' For veteran market participants, mainstream media declaring Bitcoin "dead" is often interpreted as a contrarian indicator that the bottom is in. Advertisement "NOW we can confidently say Bitcoin's bottom has been reached. When outdated, incompetent, arrogant media start posting...is when Bitcoin starts flying," a user wrote on X. You Might Also Like Sun, 02/08/2026 - 15:46 Michael Saylor Drops Three Words as Bitcoin Rebounds: Did Strategy Buy $60,000 BTC Dip? By Gamza Khanzadaev The sentiment was echoed by other industry commentators. "The FT calling Bitcoin dead? Very bullish," he stated. Advertisement Other reactions were more visceral, targeting the Financial Times' declining influence and relevance in the digital age. User Bram Kanstein mocked the publication's inability to grasp the asset class, sarcastically cheering them on: "Fading the most profound technological discovery of your industry, well done!!" Others expressed disbelief that such hardline skepticism still exists in 2026, writing, "I can't believe people still write things like this." #Bitcoin News