The Financial Times publicly apologized to its readers for its 14 years of negative coverage of cryptocurrencies. The media said in a statement: "With the price of Bitcoin recently breaking through $100,000, quite a number of commentators felt that we should apologize to our readers for our long-standing cynicism. Therefore, we are deeply sorry that you may have decided not to buy items that subsequently rose in price based on our coverage over the past 14 years. The price increase is certainly gratifying. At the same time, if you misunderstood our cynical attitude towards cryptocurrencies as support for traditional finance, we are deeply sorry, because we hate this behavior too."