Post
Topic
Board Bitcoin Discussion
Re: Bloomberg predicting BTC reaching $400K in 2021
by
Darker45
on 09/04/2021, 13:51:27 UTC
"According to Bloomberg, Bitcoin is replacing gold “more abruptly” than anticipated. Quotes a price potential of $400,000 in 2021."

Oh, such very bullish prediction right there. I wonder how those Bloomberg analysts came up with so high a number. But then:

Quote
Only in December did Bloomberg declare bitcoin to be in a huge bubble.

Here we go, it was only a matter of a few months before they suddenly shift from a non-believer into an overly bullish Bitcoin supporter. From declaring Bitcoin as a bubble, they are now confidently releasing their own price prediction, which is more like a bubble than a realistic one.