Defending Bitcoin: The INBi Takes a Stand Against Misinformation

The rise of cryptocurrencies, particularly Bitcoin (BTC), has sparked a torrent of debate, often mired in misinformation and unfounded accusations. The National Institute of Bitcoin (INBi) is stepping up to challenge these narratives, particularly those propagated by mainstream media. As the crypto landscape evolves, the INBi aims to set the record straight regarding Bitcoin's role in society, especially concerning its alleged association with criminal activities.

The Role of the INBi

The INBi was established with a clear mission: "Think, prepare, and support the Bitcoin transition in France." With France lagging in the adoption of cryptoassets, the institute seeks to promote a more balanced, informed discussion around cryptocurrencies. One of its primary targets has been the media's portrayal of Bitcoin, especially in light of its recent critiques.

Addressing Media Misrepresentation

The INBi recently focused its efforts on a particular incident during the broadcast of "Cryptocurrencies: Revolution and Manipulations," hosted by Christine Ockrent on March 22, 2025. In this programme, Ockrent made sweeping claims about the role of cryptocurrencies in facilitating illegal activities, suggesting that they primarily serve as tools for money laundering and support for criminal networks.

Such assertions, according to the INBi, lack substantial evidence and perpetuate harmful stereotypes about the cryptocurrency sector. The institute argues that these narratives not only misrepresent Bitcoin but also hinder its acceptance in mainstream society.

The Reality of Criminal Activity in Crypto

One of the most persistent myths surrounding Bitcoin is its purported prevalence in criminal activities. However, data from experts like François Volpoet of Chainalysis provides a stark contrast to these claims. According to Volpoet, criminal activities involving cryptocurrencies account for only 0.14% of all transactions. This statistic highlights that the vast majority—99.86%—of Bitcoin transactions are legitimate.

In comparison, traditional fiat currencies are far more implicated in illicit activities. Estimates suggest that about 3% of global GDP, or approximately $2.129 trillion, is linked to criminal dealings facilitated by national currencies. This stark contrast brings into question the narratives promoted by critics of cryptocurrency.

The INBi's Legal Action

In response to what it considers a pattern of unfair media treatment, the INBi has taken proactive steps by approaching Arcom (the Regulatory Authority for Audiovisual and Digital Communication) to demand accountability from media outlets. The organisation seeks to challenge the narrative that paints Bitcoin as a haven for illicit activities, urging for a more nuanced and fact-based discussion.

A Call for Responsible Journalism

The INBi’s initiative emphasises the need for journalists to report responsibly on cryptocurrencies. By challenging sensationalised claims, the institute aims to encourage a more balanced dialogue surrounding Bitcoin, one that acknowledges both its potential and its risks.

The INBi's actions serve as a reminder that misinformation can have far-reaching consequences, affecting public perception and policy decisions related to cryptocurrencies. By advocating for truthful reporting, the INBi hopes to create a more informed environment for discussions about Bitcoin and other digital currencies.

The Bigger Picture: Bitcoin’s Potential

Despite the challenges posed by misinformation, Bitcoin continues to gain traction as a legitimate asset class. Its decentralised nature, ability to facilitate cross-border transactions, and potential for financial inclusion make it an appealing option for many.

Moreover, Bitcoin's environmental impact, often criticised by detractors, is also evolving. Many initiatives are underway to enhance the sustainability of Bitcoin mining, including the use of renewable energy sources. These advancements challenge the narrative that Bitcoin is inherently harmful to the environment.

The Importance of Dialogue

As the cryptocurrency sector matures, open and honest dialogue is crucial. The INBi stands at the forefront of this conversation, advocating for a future where Bitcoin and other cryptocurrencies can coexist with traditional financial systems in a more equitable manner.

By addressing misconceptions and promoting accurate information, the INBi aims to foster a better understanding of cryptocurrencies among the public and policymakers. This understanding is essential for the continued growth and acceptance of Bitcoin as a legitimate financial instrument.

The National Institute of Bitcoin is taking significant steps to defend the honour of the cryptocurrency sector against a backdrop of misinformation and scepticism. Through its advocacy and legal actions, the INBi seeks to challenge the unfounded accusations surrounding Bitcoin, particularly regarding its association with criminal activities.

As the debate around cryptocurrencies continues, the INBi's efforts underscore the importance of responsible journalism and informed discussions. By promoting accurate information and highlighting the realities of Bitcoin, the INBi aims to pave the way for a more favourable environment for cryptocurrencies in France and beyond.

In an era where misinformation can easily spread, the INBi's mission is not just about defending Bitcoin; it’s about ensuring that the narrative surrounding cryptocurrencies is grounded in truth, fostering a future where digital currencies can thrive alongside traditional financial systems.