What is Fud in Bitcoin?

In the context of Bitcoin (or cryptocurrencies in general), "FUD" would be described as anything which intends to install "fear, uncertainty, or doubt" in Bitcoin, usually to dissuade people from using Bitcoin and instead only use government-authorized money (like dollars).

What does Fud mean?

Short form for ‘fear, uncertainty and doubt’. Usually used in the form of “xxx spreading FUD again.” Example: JPMorgan’s Dimon spread FUD by saying Bitcoin is a fraud that will eventually blow up.

What is a Fud strategy?

The acronym goes pretty far back. It first started showing up sometime during the 1920s. The original FUD meaning was basically a public relations strategy. It focused on spreading fear, uncertainty, and doubt in order to prey on peoples’ anxiety. In particular, a true FUD strategy manipulates people to think a certain way.

Is FUD spreading to cryptocurrency?

There’s also a bit of a Chicken Little element to the spread of FUD -- so many past purported threats to the asset class never quite came to fruition. Last month, the FUD centered around the U.S. infrastructure bill in Congress that contained mandates on tax compliance for cryptocurrency brokerages.