The cryptocurrency world has erupted with ridicule and resistance after the Financial Times released a harsh editorial claiming that Bitcoin holds no real value.
Authored by FT columnist Jemima Kelly, the piece titled “Bitcoin is still about $70,000 too high” asserts that this top digital currency is ultimately doomed to collapse to zero.
Kelly draws a parallel between Bitcoin investors and the main character from the French movie La Haine—a man plummeting from a skyscraper who reassures himself mid-fall by repeating “so far, so good,” before inevitably crashing at the bottom.
The ‘Bottom Signal’
Experienced traders often interpret mainstream media pronouncements of Bitcoin's demise as a contrarian sign indicating that its lowest point may have been reached.
“NOW we can confidently say Bitcoin's bottom has been reached. When outdated, incompetent, arrogant media start posting…is when Bitcoin starts flying,” one user commented on X (formerly Twitter).
This viewpoint was shared by other experts in the field. “The FT declaring Bitcoin dead? That's actually very bullish,” another remarked.
Some responses were more direct critiques aimed at highlighting how out-of-touch and irrelevant traditional outlets like the Financial Times have become in today's digital era.
Bram Kanstein sarcastically mocked their failure to understand this revolutionary asset class: “Fading the most profound technological discovery of your industry, well done!!”
Others expressed astonishment that such extreme skepticism toward cryptocurrencies persists even in 2026: “I can't believe people still write things like this.”