Yup. This isn't news. This site has a hateful obsession with all things crypto. I think it's driven by a mixture of frustration at the irrationality of markets and bitterness about missing the boat.
You've left out the fact that one is a physical commodity with intrinsic value, and the other is the right to say you have the solution of a useless math problem.
Indeed, the point is that bitcoin's supposed purpose has pivoted from being an actually useful means of exchange to a 'store of value' akin to gold. Which doesn't really work as neatly as the original idea (which hasn't worked, not helped by bitcoin effectively ossifying into a version which technologically can't achieve the original vision).
It’s also in the middle of a massive hype cycle right now probably partially due to a “halving” event coming up soon. The swings have been wild lately.
The last time bitcoin fell ~$5000 in 24 hours was two weeks ago. Two weeks before that it fell ~$7000 in 5 hours. And bitcoin is up 6% over the last four weeks.
This is typical for bitcoin. Anyone can see this for themselves. So the interesting question is to ask why CNBC thinks it's worth sharing a story that blames interest rates with no evidence? It could be as simple as "people will click it". In any case, very dumb.
