There are still a lot of people who actually count on the Financial Times for news on the global economy, stocks or even crypto, but let's wake them up and call the beast by it's name: The Financial Times is a joke.

"The thing about crypto ownership...Doubts perennially overhang US-listed equities of many Chinese groups with intermediate holding companies. It is unclear whether these securities provide genuine partial ownership of businesses in China...Ownership of crypto assets can be just as uncertain...They are not physical “things in possession” such as cars or houses. Nor are they “things in action”, ownable solely via legal contracts like stocks and bonds. They are created digitally rather than through physical or legal processes."

Just.....wow. Where to even begin with this incoherent mess? Firstly, when you hold one Bitcoin in your non custodial wallet, you hold one Bitcoin and no one can take it away from you. Well, some can I guess, but that's mostly due to the nature of internet which banks and credit cards also suffer from, but if you follow these steps you'll mitigate that risk.

Secondly, no one ever claimed Bitcoin or any other crypto were tangible items. How is this even relevant? Are stocks tangible? If you somehow lose your stocks due to your bank or brokerage can you go claim 3 square meter and set up a tent in the company who's stock you held or something? It's especially ridiculous if you consider that they even digitalized gold and normalized people holding gold without actually holding it. So what are they even trying to say with this?

Thirdly, cryptos are not "things in action"? Oh well you got us there, now just go tell that to the people who'd been staking their 32 ETH and running their own node for a decade and you might learn a thing or two. Come to think of it, maybe Financial Times' ignorance is just lacking of knowledge. After all, it is pretty complicated (coins/tokens, wallet/exchange, centralized/decentralized, PoS/PoW) so not everyone can spend literal days reading and understand everything in the crypto sphere, let alone be an expert. But for an outlet that isn't all that experienced in crypto they sure do write about it a lot, with shameless twists and inaccuracies mind you. That twisting the truth doesn't stop at just crypto btw. FT is as much propaganda as any other mainstream platform, case in point:

Here's FT using a pro-government rally in Cuba and framing it as "anti-government protests":

FT when Bitcoin goes down:

FT when Bitcoin goes up:

After shameless apartheid from some kangaroo court ruling that it will be "legal" to break international law and evict six Palestinian families from their homes in Jerusalem and make room for Jewish settlers, protests turned ugly when Israeli soldiers started using violence which resulted in the first Palestinian casualties. It ended with soldiers and tanks raiding the Al-Aqsa mosque after which Hamas gave them half a day to cease the violence and withdraw, when they refused Hamas retaliated with rocket attacks against Israel. FT's summary:

After the US backed coup in Pakistan against Imran Khan, FT interviewed him in which he said "I don't know whether the US got upset Pakistan had a PM with an independent foreign policy...Whatever the US desired could not have happened without the people here who actively participated to get rid of me, so in that sense the US is not to be blamed, it could not have happened without the people here." FT's abbreviation: Khan no longer blames the US:

Last and by far my favorite, and I really do mean by faaaaaaarrrrr my favorite. One of those "sure aged well" moments: Bitcoin no good, have no future, says FTX founder Scam Bankrupt Fraud:

The date of the FTX article the Financial Times 💩out was May 2022, six moths later FTX filed for bankruptcy😂😂😂