Media bias is nothing new. Certain types of news were always getting more attention than others. It’s enough to open any newspaper or watch any news channel to see that the majority of news covers bad things happening to someone.
But does it also apply to cryptocurrencies?
A recent research on the cryptocurrency coverage in media over the past 5 years, suggests so.
Clovr, a blockchain-focused research company surveyed 7527 articles related to cryptocurrency from 48 different media outlets. The analysed articles were published between the 1st January 2013 and 31st July 2018. The articles were assessed using an algorithm to detect their overall sentiment.
So what were the findings?
The cryptocurrencies were largely ignored until they started to gain value. And even then – most media outlets were keen to report on them during price crashes only.
It is interesting to note that even during the amazing bull run of 2017 there were peaks in media coverage mainly when sudden price declines were seen. But the real media frenzy started towards the end of the year when prices began falling hard.
“In the wake of bitcoin’s market cap plunge in the final days of 2017, negative articles multiplied — with cryptocurrencies falling 34 percent in the first month of 2018, cautionary tales of vanished wealth were common,”
You can read the full report HERE.
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