It's not news. Anybody who doesn't know how Bitcoin works in 2022 is never going to understand how Bitcoin works and they need clear messaging such as "No" or "Nothing more to see here, move on folks." My guess is that the real audience is blockchain enthusiasts who crave validation and will squee on it so much that they'll buy 50 reprints.
Why doesn't Bloomberg take an issue and reprint the first few chapters of Extraordinary Popular Delusions and add a paragraph about each of the 20 times that people said "it's different this time" and it wasn't? That wouldn't be news but it would be timeless wisdom that would serve readers well.
Ummmm. I think for the typical readership of Bloomberg - guys in their 50s looking for cool places to park some extra cash - a five page explainer on how smart contracts work with some editorializing about how they will probably never work as promised is kind of the perfect inoculation against hype.
If people are curious about crypto, and their only sources of information are polemic, that seems much, much worse for everyone.
Why doesn't Bloomberg take an issue and reprint the first few chapters of Extraordinary Popular Delusions and add a paragraph about each of the 20 times that people said "it's different this time" and it wasn't? That wouldn't be news but it would be timeless wisdom that would serve readers well.