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Fernando Nikolić
Ex Universal Music, Ex Blockstream VP
Research & Reports
In-depth analysis of Bitcoin market perception, media coverage trends, and sentiment patterns. Quarterly reports, research papers, and expert opinion.
All Posts
Why Is Wall Street Building While Everyone Else Is Panicking?
The Most Fearful Market in Years. The Most Aggressive Institutional Build Ever.
What Happens When Mainstream Media Watches Bitcoin Without a Frame
The Open Bitcoin sold off when the U.S.-Iran war started. Two weeks later it's outperforming the S&P 500, Nasdaq, and...
The Insiders Are Bearish. The Suits Are Buying.
Perception Weekly. Week of February 16-22, 2026
The Market Crashed 45%. The Infrastructure Didn't Notice.
Perception Weekly - February 16, 2026
Crime Coverage Spiked 271%. Here's Why.
Crime & Legal coverage jumped 271% this week, from 28 mentions to 104 across 28 outlets. That's nearly a 4x surge in a s...
Bitcoin in the Media: 2025 Year-End Report
Comprehensive narrative intelligence analysis from 356,423 data points and 653 sources
Standing on a Shrinking Island
It happened on the factory floor first. The work was physical, repetitive, measurable. Of course it would be automated...
The Wrong Story: What 354,000 Media Mentions Reveal About Bitcoin in 2025
Here's what the data shows.
The 6.7x mainstream media coverage gap (Q3 Report)
Elite outlets published 3% of Bitcoin coverage in Q3
📈 Perception Quarterly: Hidden In Plain Sight
The 2,948-to-1 intelligence gap revealed.
Why I just left my VP job to build in the chaos
I'm going all-in on Perception.
Q2 2025 Crypto Media Bitcoin Coverage Report
Executive Summary Crypto-native media's Bitcoin coverage in Q2 2025 reveals a strikingly different narrative from mains...
Q2 2025 Mainstream Media Bitcoin Coverage Report
Executive Summary Mainstream media coverage of Bitcoin in Q2 2025 revealed a deeply polarized narrative landscape, with...
These Outlets Shaped Bitcoin’s Narrative in May.
The Bitcoin Mainstream Media Power Rankings — May 2025 Edition
About the FT’s Bitcoin Coverage
Dear reader, The Financial Times just hit its 400th piece on Bitcoin since 2018 with a banger of a mini-documentary fea...
Q1 2025 Mainstream Media Bitcoin Coverage Report
Prepared for Capital Allocators, CIOs, and Institutional Strategists
Crypto Media Sentiment Exposed: Who’s Bullish on Bitcoin?
Crypto Media Bitcoin Sentiment Report – Q1 2025
Q1 2025 Bitcoin Narrative Intelligence Brief – What Institutions Missed After $100K
Narrative Trends, Sentiment Shifts & Institutional Signals
Why Most Fear & Greed Indexes Misread Bitcoin Sentiment
Bitcoin’s market sentiment is a popular topic, but many Fear & Greed indexes function as black boxes: they lack transpar...
Perception Weekly #70
💡Last week’s discussions highlighted the complex interplay of regulatory challenges, institutional investment trends, a...
The Quiet Shift in How Information Spreads
Since 2021, I’ve led the Marketing & Communications department at Blockstream, and one thing has become increasingly cle...
Perception Weekly #69
💡We’ve just rolled out a powerful new feature on Perception! Now, you can select any media outlet and instantly analyz...
Perception Weekly #68
💡The Perception platform is now live in alpha for you to test. The platform is designed for researchers, journalists,...
OPINION: MSM’s Potential Narrative Casting Bitcoiners as the 1%
Some of last week's headlines have drawn an interesting parallel between the world’s wealthiest individuals and Bitcoin...
The Article That Aged Like Milk: NYT’s Bitcoin ‘Collapse’ Prediction
How a Finance Professor Got Bitcoin Wrong (And Missed the Greatest Rally Yet)
Perception Weekly #67
💡The Perception platform is now live in alpha for you to test. The platform is designed for researchers, journalists,...
Weekly Recap #66
👋A MESSAGE FROM THE FOUNDER: Hey, Fernando here – Happy New Year! 🎉 Sorry for the radio silence here, but I’ve been...
Opinion: The era of centralized narratives is over.
The very journalists and companies that once dictated public narratives are fleeing platforms that no longer cater to th...
Weekly Recap #64
💡Here’s a snapshot of last week’s Bitcoin market insights, curated by Bitcoin Perception. Bitcoin Perception will soon...
Weekly Recap #63
💡The past week’s coverage reflects a multifaceted view of Bitcoin’s global position: • Positive Trends: Institutional...
Weekly Recap #62
💡At Bitcoin Perception, we’re working on building a powerful platform that will give you real-time, on-demand access to...
Weekly Recap #61
💡At Bitcoin Perception, we’re working on building a powerful platform that will give you real-time, on-demand access to...
Weekly Recap #60
💡At Bitcoin Perception, we’re working on building a powerful platform that will give you real-time, on-demand access to...
Weekly Recap #59
Date range: September 2 - September 8, 2024 Weekly Snapshot 📸 News 🗞️ 1. Metaplanet's partnership with SBI...
Weekly Recap #58
Date range: August 26 - September 1, 2024 Weekly Snapshot 📸 News 🗞️ NOSTR as a Telegram Substitute Sent...
Weekly Recap #57
Date range: August 19 - August 25, 2024 Weekly Snapshot 📸 Hot Discussions 🔥 * Discussions around Bitcoin'...
Weekly Recap #56
Date range: August 12 - August 18, 2024 Weekly Snapshot 📸 Hot Discussions 🔥 1. 18% of Democrats Have Boug...
Weekly Recap #55
EOW closing BTC price: $58,829 Date range: August 5 - August 11, 2024 Weekly Snapshot 📸 Hot Discussions 🔥...
Weekly Recap #54
EOW closing BTC price: $58,138 Date range: July 29 - August 4, 2024 Weekly Snapshot 📸 💡Welcome to this week’s...
Weekly Recap #53
❗Saturday's Trump appearance at the Bitcoin conference in Nashville sparked an all-time high in Trump/Bitcoin coverage...
Weekly Media Recap #52
Bitcoin Perception celebrates 1 year! 🎉
Mainstream Media Bias Will Only Get Worse
This is an op-ed originally published in Bitcoin Magazine.
Weekly Media Recap #51
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #50
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #49
Bitcoin, as covered in the mainstream media.
Left-Leaning Outlets Amplify Their Anti-Bitcoin Bias Following Trump's Endorsement
Is it about Bitcoin? Or is it yet another front in the ongoing political battles duked out in the media landscape?
Weekly Media Recap #48
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #47
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #46
EOW closing BTC price: $69,638 Date range: June 3 - June 9, 2024 In this report: How the mainstream media covered thes...
Weekly Media Recap #45
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #44
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #43
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #42
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #41
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #40
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #39
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #38
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #37
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #36
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #35
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #34
Bitcoin, as covered in the mainstream media.
Asleep At The Wheel: The MSM's Fixation With Altcoins
How the media's altcoin obsession misses the mark during new all-time highs.
Weekly Media Recap #33
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #32
Bitcoin, as covered in the mainstream media.
Weekly Media Recap #31
Bitcoin, as covered in the mainstream media.
Comunicado de Prensa: Nuevo Informe Revela el Sentimiento de los Medios sobre la Adopción de Bitcoin en El Salvador
La firma de investigación de medios Bitcoin Perception anunció hoy el lanzamiento de su primer informe de investigación...
Press Release: New Report Reveals Media Sentiment on El Salvador's Bitcoin Adoption
Media research firm Bitcoin Perception today announced the release of its first long-form research report, titled "Bitco...
Bitcoin as Legal Tender: El Salvador's Groundbreaking Decision and the Salvadorian Mainstream Media's Reaction
A Bitcoin Perception report written by Luis David Esparragoza and Fernando Nikolić.
Bitcoin como Moneda de Curso Legal: La Decisión Innovadora de El Salvador y la Reacción de los Medios de Comunicación Salvadoreños
Un reporte de Bitcoin Perception por Luis David Esparragoza y Fernando Nikolić
Weekly Media Recap #30
Bitcoin, as covered in the mainstream media.
A Satoshi Nakamoto Cosplay Gone Too Far
It's time to stop lending the spotlight to a 'tech whiz' in a pinstripe suit, claiming to be something he's not.
Weekly Media Recap #29
Bitcoin, as covered in the mainstream media.
A Closer Examination of Bitcoin Coverage During El Salvador's Presidential Election
The recent media focus on El Salvador serves as a stark illustration of media bias and its consequences.
Weekly Media Recap #28
Bitcoin, as covered in the MSM last week.
Mainstream pundits are the new Bitcoin maxis
The Cypherpunk transformation reporters didn't see coming.
Weekly Media Recap #27
Bitcoin, as covered in the MSM last week.
The Last Stand
The financial press' typewriters are trembling!
Weekly Media Recap #26
Bitcoin, as covered in the MSM last week.
Bitcoin ETF: The Movie
Welcome, Boomers, to the greatest show on Earth.
Weekly Media Recap #25
End The Fed Still In Play
My New Year Resolution Is Bitcoin, Too
This Week's Spotlight: The Financial Times
Weekly Media Recap #24
I'm Here To Fix The Block Size Problem
Not Your Typical Full-Year Roundup
The year in review and what you can expect in 2024.
Weekly Media Recap #23
You Are Not Bullish Enough
Weekly Media Recap #22
Jamie Dimon vs. Nayib Bukele
Weekly Media Recap #21
This week's spotlight: The Independent & BBC
Weekly Media Recap #20
This week's spotlight: CNBC
Weekly Media Recap #19
What Journalists Are Beginning To Notice.
Weekly Media Recap #18
It Feels Like 2016 Again
Weekly Media Recap #17
Institutions Are Coming, But They Are... Regulatory?
Weekly Media Recap #16
Feeling Bullish Yet?
Weekly Media Recap #15
The New York Times Sets the Stage for Fear Mongering
Weekly Media Recap #14
SBF Trial And How Legal Circuses Affect The Perception Of The Public And Regulators
Weekly Media Recap #13
The "Ultimate Test" For The Bitcoin Mining Industry Is Coming
Weekly Media Recap #12
"Bitcoin's Fed Nightmare"
Weekly Media Recap #11
Kill the Noise: Mainstream Media's Rush to Sensationalism
Weekly Media Recap #10
Bitcoin Miners Navigate Power Shortages and Policy Shifts
Weekly Media Recap #9
Forbes Is Letting You Know: Oman Is Coming For Your Hash Rate
Weekly Media Recap #8
Reporters Begged for Drama, and Volatility Delivered
Weekly Media Recap #7
Scams surface, anticipation around SEC's Bitcoin ETF decision, mining giants' robust strategies in tumultuous times, and...
Weekly Media Recap #6
BBC, Fox, and Newsweek delve into the darker side of Bitcoin, while Bitcoin's significant role in the financial market i...
Weekly Media Recap #5
Cybercrime, Scandal, and a Game-Changing Revelation from Newsweek!
Weekly Media Recap #4
Skyrocketing Mining Difficulty Sparks A Surge In Discussions.
Weekly Media Recap #3
Amidst the negative coverage of El Salvador's President and Bitfinex hacks, RFK Jr.'s advocacy for Bitcoin stands out.
Weekly Media Recap #2
A social media snapshot of the Bitcoin Mining space in the past week.
Weekly Media Recap #1
RFK Jr.'s holdings, Standard Chartered's bold prediction, Europe's first Bitcoin ETF. Plus, get a glimpse into the futur...
The Inexplicable Embrace of Craig Wright as Satoshi Nakamoto: An Open Letter to Forbes
How the media, in a quest for sensationalism, perpetuates the dubious narrative of Craig Wright as Bitcoin's creator, Sa...