The Financial Times has publicly apologized to its readers for its negative coverage of cryptocurrencies over the past 14 years. In a statement, the outlet said: "With the price of Bitcoin recently topping $100,000, quite a few commentators feel that we should apologize to our readers for our long-standing cynical attitude. Therefore, we deeply apologize that you may have decided not to buy those goods that later went up in price based on our coverage over the past 14 years. The price increase is certainly gratifying. At the same time, we are deeply sorry if you misunderstood our cynical attitude towards cryptocurrencies as support for traditional finance, because we also hate this kind of behavior."