Australia’s BTC Debate Heats Up as Industry Pushes Back
The Australian Bitcoin Industry Body (ABIB) has filed a complaint against ABC News, arguing the broadcaster misrepresented Bitcoin by framing it as a tool “for those operating in the shadows.”
ABIB claims ABC ignored documented use cases - from grid stabilization and remittances to merchant adoption - and relied on outdated narratives.
Meanwhile, BTC$BTC BTC is back above $92.9K, +6% in 24h, and prediction markets now assign a 78% chance for a move toward $100k, showing sentiment is far from collapsing.
The dispute highlights a familiar pattern: legacy media simplifying the narrative just as institutional and public adoption accelerates.
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