On June 26, 2022, Bitcoin fell below $18,000, and People's Daily publicly stated: virtual currency is ultimately a pipe dream and a Ponzi scheme.

Subsequently, Bitcoin began to rebound from the bottom, continuously breaking new highs, and by today in 2025, it has surpassed $120,000. This report from People's Daily has been repeatedly used by netizens to counter them over the years, but since June 26, 2022, People's Daily has not published any opinions on Bitcoin for three years. I wonder if they have been scared off by netizens?