Bitcoin Forum

"According to Bloomberg, Bitcoin is replacing gold “more abruptly” than anticipated. Quotes a price potential of $400,000 in 2021."

Forget about the numbers...

This demonstrates how public opinion is generally improving.

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

Bloomberg, welcome to the bubble.

No, this only shows that yet again the media is printing anything that could get people to go to their website and read it, aka click-baits. And since we are in a bull market printing articles about how price is going to be [blank] where [blank] is any arbitrary high number is getting the most attention. They do the exact opposite in bear market!

Smells like $100k prediction in 2017 for me. Looks like big players are preparing to cash out big later in this year, probably repeating 2017's run. After that, they'll start various headlines to bring the price back to the bottom again and repeat their printing machine. This is the second time that I notice the pattern, looks like they use the 4 year cycle prophecy to play their game.

The bubble comment from Bloomberg was not a surprise to me, it only shows how unfamiliar they are with bitcoin and the entire cryptocurrency network. Well, I welcome them to BTC price prediction, but saying that BTC is rising to $400,000k before the end of 2021 is an over-emphasis statement.

Anything for the views, that is why I only take what the media says with a grain of salt. I mean these could help bitcoin reach a higher prices because the media can influence people into something and they might be able to do it, this is a proven phenomenon.

I guess people and companies can quickly change their minds about Bitcoin (after they invest in it) :)

I finished reading Bloomberg report yesterday and I liked their overall positive outlook, but I think their $400k prediction for this year is not realistic at all and maybe they just want to manipulate market and make some profit from that.

However, after looking at lower chart from Coinmetrics that is showing Bitcoin price history after previous halvings, we can say that anything is possible with Bitcoin and we are just getting started.

https://i.imgur.com/lPMfJUR.jpg

I noticed that it was a statement that would have enormous power...
Bloomberg is one of the world's largest media and if they dare say Bitcoin to $ 400k then FOMO will be created. In response to their statement, I see that the Bitcoin $ 400k prediction this year should not be underestimated IMO.

Start of the year and the bitcoin gives a good outcome imagine its already on the 50k and now trying to achieve with the 60k price so at the end of the year there's a chance it might bring us to the 100k but I guess it too much if we trying to look with the 400k hoping that for the next coming halving the bitcoin got a new another ATH.


I guess it's a good time to hodl some bitcoin survival for the strong hands.

Hah, it's 2017 all over again, crypto media at its worst again, recycling old news for click-bait, win-win for them. So let's see how this prediction will go, $100k is the top most predictions by most so called "experts". But what if it burst sooner and this predictions was a bust.

For sure there will be a lot specially newbies blaming everyone but themselves. Bloomberg though might have filled their bags with BTC already.  :)

Well it was very likely Goldman Sachs, that just buy the 12000 Bitcoins on Coinbase, at 58k price.
Tells me we going up a lot

Another prediction place by medias where the intention is to create hype which is good if you know how to play this game, also don't believe easily with such certain growth since anyone could predict about what figures for bitcoin to reach on certain date. Just try to focus to know more on bitcoins so that you will not left behind if bubble strikes.

See you all over 60k ;)

Yes, lol! The media make a living out of causing emotions in people. I believe a $100k to $200k prediction in this cycle falls within the average of those I have seen. It will be that the mainstream media has not yet caught wind of the supercycle theory, which predicts a $1M top for this cycle with hardly any falling into a bear market.

It's not impossible and I hope it happens, but at the same time I don't think anyone can really predict this, let alone people who were bearish a few months ago. Is it too hard to just say you don't know ?

Bloomberg cannot predict anything.
I think that they just asked some crypto analyst for his opinions and he shared his extremely bullish views about the future of Bitcoin.
If they asked some anti-Bitcoin FUDster,the analysis would be totally different-Bitcoin is a giant bubble,which is about to burst,please do not buy BTC,you are putting your money at great risk,etc..
400K in 2021 is an insane prediction.Such price level would require massive FOMO/hype and trillions of dollars,invested in Bitcoin.This ain't gonna happen in 9 months.

One thing that is certain, at the end of this current market cycle, 1BTC would be equal to 1BTC.
The fiat value of Bitcoin is volatile and very difficult to predict and most people who give out numbers of what value bitcoin would be at within xxx period, do so arbitrarily, while the market reacts uniquely.

$400k not going to happen soon.

BUT, unlike 2017 there is a lot of money coming in from big places that have it to spend.
Crypto is a not a new buzzword in a lot of places, but it is a new buzzword in a lot of investment houses.
A few big players making a few big moves can drive the price up. From there other people want to join and own some of this bitcoin thing and and the price WILL spike up at that point.

To $400k really doubt it.

Well above the $59k -59k we have been at for a few weeks now. Yeah, easily.

Just my view, I can be (and probably am) wrong....

-Dave

400k? Maybe, we need to see if it hits 200k and then we can talk about 400. But i believe for sure.

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


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.

Everyone has the right to predict the price of bitcoin with a different amount, apart from Bloomberg, and many famous people predict the price of bitcoin by a different amount this year.
and what distinguishes him is because he is not an ordinary person and will be exploited by the media or whatever for personal gain, and is supported by the price of bitcoin which is still in good condition, it all depends on us who respond to news and things like that often happen.

We have seen some bearish fall but its not mean that it is huge downtrend it was a just correction .It is true that to predict the market but we can easily say that bitcoin will go more high as it is now .The prediction of 400k$ i think its abnormal at this year but very possible in future .

I think that's stupid. They expect Bitcoin to gain SIX TRILLION DOLLARS more in marketcap in just a year? that's way more than the top leading companies in the world. Well, to be fair, Bitcoin is different from those companies but still, it's really unrealistic for me. I know that Bitcoin can grow that big someday but I don't really think it can just suddenly attract that much money in just a year.

Well if the 400K prediction comes true, my biggest regret would be not having a full bitcoin even after being here since 2017. So for purely selfish reasons, I would want the mega bulls to actually just hold for another year or so.

Considering that we have already reached and been stable at 50-60K, it is easy to see that the usage and adoption of BTC as a form of investment plus dividend bearing instrument is firmly getting established. Decentralized lending and all the fancy options on top are ensuring that holding BTC is going to be instrumental in this rapidly evolving paradigm. 400K isn't really that far fetched.

It's obvious that 400k$ in 2021 is a bit too much for now, if you're going to base in the market cap of bitcoin which is already a trillion-dollar market cap it's a long way to reach the 400k$ price.

The higher the market price the bitcoin price has the riskier it is to invest in it, so for sure there will be a lot of up and down when we reach 100k$ above, even today we are still sustaining the price of 50k-65k$ and it takes time to put a lot of investors or money in the market, its gonna need a lot of dumps.

Just imagine how many years bitcoin takes to reach the price today, probably it takes 5-20 years as well to reach half a million dollars or a million dollars price.

We are just starting fiscal 2021 and the current bitcoin price is quite good with startups above $ 50k. Reaching the $ 400k value seems too high, in my opinion, Bitcoin is around the more reasonable $ 200k zone.
Anyway, I still believe that Bitcoin can reach a little over 300k $.
In my experience, once Bitcoin is predicted by the Internet or experts, its price will drop. McAfee had predicted Bitcoin at $ 100k by 2020 but it didn't happen.

Yeah, that must be an abrupt change in their perspective toward bitcoin. But I am personally expecting this kind of opinions and I will not be surprised even Warren Buffet will be giving out another positive statement on bitcoin's future.

Why should we? I have seen many analysis which are supporting for bitcoins to be testing $380 to $400 by end of this year. But only time will answer for all of these kinds of speculations still this is not mere numbers but it is having scientific explanation; one of such is bitcoin has showed 100x growth on each 4 year cycle from previous cycle's low.

Bloomberg is jumping on the bandwagon eh?

Or they're just riding the craze that bitcoin is getting because it has broken new ATHs many times within less than a year. $400k is a price that will make a lot of people in here rich.

But that's just speculation and don't want to put much hope in what they've said. Making it happen for this year is unrealistic.

I do not believe that we will reach 400k this year, and I think these type of things hurt bitcoin as well. I am a bitcoin bull as well and I think it will go up, however I believe it will be something along the lines of 100k+ which could mean 120k or even 180k but not 200k. Why do I think these type of predictions hurt the market?

Well, people get in at around 50k to 60k and they are expecting to 7x or so their money and when that fails they are miserable and sell their coins, so for these people 100k is not a good price, they are already expecting that and think that it should 4x even after that, to normal people 100k is a great price and we would be very happy about it. If these people who wait for 400k end up not getting that, they would sell all their coins even at 100k. Which is why I think we should have reasonable prices and not this high end prices as our predictions.

The price of $ 400,000 is nothing because it is not the price that will have a higher market capacity than gold or can exchange it, and the Bitcoin network is not ready for community adoption.
So the news is a misleading or urgent study in order to obtain more money by placing hot headlines and not a true study of what may happen in the future.

This is also my presumption when articles or read up something like this where price had been shilled out to reach blah blah blah prices or mostly on the top or even turns out to be unrealistic.
I do only see 2 possible reasons.
•Bullish sentiment for people to buy more or in Fomo state and then make out some huge selling off on their bags
•They do just make out these kind of headlines for them to get more clicks and traffic specially now that we are still on the verge of confusion on where the market could possibly go.

When it comes to pattern then i dont really spot out some similarities or i had just missed it out.One thing im sure that there would be always a correction.
We cant just have this kind of situation like forever.There would really be some serious cash out time.  :D

Let's just say they're making an impossible thing out of their speculations, but who knows that $400k will be reached someday. Many rich personalities these says begun to divert their asset with cryptocurrency, because there's freedom in it compared with banking at our local fiat. Definitely it's a risky decisions, yet a very much rewarding passive income once you've achieved your goals successfully.

It makes sense, the big players are trying to make the hype in Bitcoin, then the price is probably improving. They will cash out very soon once it meets their target, then they will stop the positive news. But why they seem too early to spread the news? Some experts state that we are still in the altcoin season, people now prefer to focus on altcoins. Or this is also the strategy of big players to maintain the altcoin season as well?

Yep, they're working on what they love to do.
I'm thinking big players would start selling once Btc reach $100,000 mark this year, and then a big crash will follow.

Bitcoin stabilizing at this certain figure could mean another bullrun is coming. The reason why I was thinking of a $100,000 target before everyone starts selling, since majority of the investors and predictors are expecting the 6 digit figure Btc price since Btc starts it's rally in 2020.

Bloomberg really loves to hype up everything he thinks he can take advantage of and monetize.

I guess the bull run will be over soon, everyone is already into it, this giant media is now being bullish on bitcoin with some unrelialistic short term prices, it will more attract investors to come in and joined the FOMO train, I can't imagine how bad the correction here.  >:(

The media only focus on their reputation, they will give bad statements when bitcoin (in this case) is banned by almost all countries, but when many countries are still fair towards bitcoin and many companies choosing bitcoin as their investment place then what they will do is give a positive statement against bitcoin. This is because there will be a lot of people will read about bitcoin information in their media.

As for bitcoin prediction, yeah indeed there is a chance for bitcoin up to $400.000 even more than that. We have strong fundamental here, yeah instutional investor still give a good interest into bitcoin. As we have mentioned many time when mass adoption came then we will see a huge increase for bitcoin, and it has happened now.

Well, imagine bitcoin being backed by gold as gold owners move their Gold to Bitcoin? Like hell, bitcoin perhaps be richer than Dollars.
It is indeed, dollars are now worthless. It is only backed by trust and not with resources already and the system has been manipulated properly. Perhaps we had to have further studies with currencies. However, there’s a scary side to it. If bitcoin went crazy, countries will start to control it and the government have guns and a stupid scale to take over.

That's how media manipulate the perception of its readers. And for those that are not really educated with crypto, they are really giving false hopes to newcomers. That's when a newbie will have a disappointment. Once they get in, they thought, it is an easy peasy market. And if they lost, they will blame bitcoin for their losses, which is really not right. For the readers, they should be smart about what they are reading, as not what they read is all true.

That's how they are good at, and it's a win win situation for them and for their clients, continue to hype Bitcoin in mainstream media, wait for it to reach $100k or more this year and then cash it out to get a huge profits. Sooner or later this kind of positive shilling will pay out.

But what does it means to us? We need to be very cautious, read the news, and ride the waves when they are going to dump it. Might be hard to see though, but just stay long, observe and make the right decision.

I think the reason they make these predictions is so the people who bought BTC at like $20K don't sell it until it reaches $400K. Then most of wall street takes profit at around $399K and the retail trader doesn't get a chance to sell. Another reason is to get people to buy today at $60K and if it reaches $400K, its a 6x gain. So much better than most of wall street stocks. However people don't realise that a $400K a coin the market cap will be crazy high and unsustainable.

So in my opinion I think if we see $100K it will be remarkable however even that will be a tough way to keep priced suppresed. Especially since many will take profit at $100K who bought at $20K. Keep in mind it will be over $2T pretty much and $400K is what $7T. It will be very difficult for it to keep a price so high for a long time. I don't think its possible.

The trouble with gold is it became rather useless during the pandemic. I think most people would be comfortable physically carrying any gold they have to somewhere in order to sell it - however if everywhere is closed or makes it too difficult to sell, then it has somewhat shown itself as a weak store of value. There is no chance I'll be posting thousands of dollars worth of gold coins or bars, whatever insurance you might put on the package it will be too vulnerable to getting stolen or even lost accidentally. Bitcoin also has a fixed amount unlike gold which can inflate and it is much easier to distribute cryptocurrency across borders without oversight from greedy tax authorities. It really does have many (virtual) advantages over holding physical metals.

Considering the bitcoin history from inception, the report from this reputable media house still valid and shouldn't be discarded. This just mean the beginning of this bullish movement in bitcoin becasue of it history, $400k according to bitcoin chart is a very clear zone for realization and those who will benefit from this will be the long-term holders. Am topping my holdings again. 

First Who is Bloomberg to make prediction about Bitcoin? This is Obviously a "Media Riding Crypto" news .

I would appreciate if this comes from those we already Knew that Crypto related sites or individual but Bloomberg ?

They understand the popularity of Bitcoin this year and they don't wanna be late for the ride so even if they will look stupid yet they will release such Hari Houdini Prediction .

One shouldn't rely on Bloomberg with such things, as BTC price. Or anything else, for that matter. That's mass media, they only do whatever it will take to attract public attention. You've said it yourself: just recently they were saying that Bitcoin is a bubble, now they're wagering on its price? Just wait for another month and they'll release an article about how Bitcoin will decrease to $10k or something like that.

I agree that $400k is probably to high prediction, but I dont think that is some sneaky prediction from them. They make many predictions and this one is just one that stick out. Also I would not compare $400k now with a $100k in 2017.  $100k back then was much more illusory.

Bloomberg is a news agency, they are a media company but they are a software company for the financial companies that turned into a media company as well. I would guess that they would know somethings about crypto and all financial related stuff because they have been involved for so long that people they employ know what they are doing.

However there is a reality is that we are talking about something that is not going to be truth all the time, not just they could be wrong because they are human and they could be wrong which is one aspect of why they could be wrong, but there is also a fact that we are talking about media which is known to lie about things. However I do agree with this one, gold is definitely was a boomer investment asset whereas crypto became something for us, there are way too many millennials who are getting richer thanks to bitcoin and all other crypto so our generation will care more about crypto than gold.

Those numbers are indeed illusory and i do rather believe these kind of predictions are somewhat considered to be those potential bearish calls which might indicate that there might be some sell off later on.
When news or calls like this tends to be bullish then always contradict these calls and make it as a signal that they are trying to make fomo calls for those people who had bought earlier or in
cheap price specially whales or big institutions could even make more money and able to release those bags on the right time.

I'm bullish for bitcoin and I want to see it that happen someday. But someday can mean maybe next year or more than that and I don't want to expect a lot with that prediction because I don't want to feel bad if someday it won't be reached.

There's no passive income on it, the value increases and that's why many of them starts to get into bitcoin too.

Scanning the first page of this thread, I don't see any reference link for OP's claim here that Bloomberg made this prediction--and I'm far too effin' lazy to search for it.  OP, when you write something like that you really should provide a link.

But assuming Bloomberg thinks bitcoin is going to hit $400k this year, somebody on their crypto analysis team must be smoking some heavy drugs, because there's no way in hell it's going to get that high in 2021.  I do think $400k will eventually be reached, but I think (and this assumes demand for bitcoin remains high) it's going to take a few years at least.  And that's for the best; if that valuation was hit, let's say, next year, does anyone seriously believe bitcoin could stay there for long?  No way in hell.  You'd have tons of speculators selling like crazy, taking their profits off the table and buying Lambos and other foolishness.

Personally I'm satisfied that it broke $60k this morning (but has since fallen below that price).  Slow growth is good.  Exploding growth is scary and not sustainable, so let's hope Bloomberg is wrong.

Can we trust Bloomberg with his prediction? obviously, while they are saying back then that Bitcoin is a bubble, they are storing Bitcoin of their own, now that they have stored enough they are making hype on the price, $400k in just a short period of time just doesn't make sense, the more realistic price is $100k and many experts have predicted this level if we are going to based in the current adoption movement

Can you trust any of these analysis predictions? We got Mad Money, we got stock predictions from major banks and hedge funds, we got Motley fool and how many millionaires did they create with their "free" advice, probably none.

Thats why there is always some disclaimer saying that "this is for information only... trading is risky". Because they are making these articles to get headlines and that's about it. If I had to guess they probably just looked at 2017 how it broke $1K and went to $20K, so they just took $20K and multipled it by 20x and got $400K. And that is their analysis pretty much.

I find any of these predictions all useless whether for stocks or crypto. You are better off flipping a coin in my opinion or doing your own due dilegence.

How did they come with that figure is a mystery, it's a long shot for me for the price to reach the $400k level there should be a lot of great news coming and many companies are coming to adopt Cryptocurrency, from now to next year, for the price to reach that level the price should be in the $15k level before the end of the year and that is to sustain the momentum.

I guess @OP refers to this article:


I guess there is other news about Bloomberg predicting, which you can find on search engines.

But I think it will need longer to reach $400k this year because bitcoin needs big support from many big companies. But we will see many predictions from other people or analysts that will say bitcoin will reach $xxk-$xxxk. You need to search by yourself and don't just believe those people predict how high bitcoin will increase because we don't know what will happen in the future.

I actually misread the report myself thinking it was $300k, when I commented on a post talking about PlanB's S2F (x or whichever version it's currently at, not following) $300k prediction in 2021... I found it quite strange Bloomberg happened on the same line of thought as PlanB.

But turns out they were actually 30% more optimistic haha. Here's the report. Bloomberg Monthly Crypto Outlook April 2021 (https://assets.bbhub.io/promo/sites/12/1060725_Crypto-Apr2021Outlook.pdf). Agree $400k in 2021 is scary...

You're welcome, OP.

$400k seems far to reach within this year, I think $100k is more feasible right now. Anyway, can we trust Bloomberg prediction though? especially in predicting price. What more I think is that they are just creating headlines that would attract readers just like a click-bait or something. Of course, they will tell something positive about Bitcoin since it is now in trend or performing better than they can imagine besides, large institutions and prominent people are now venturing with it but once the bear market begins guess what these bubble opinions will once release online once again.

I do not see that as scary, I just see it as more optimistic than realistic and that is why it doesn't really scare me. I mean there is the fact that we are talking about something much simple here with 100k usually as the target on bitcointalk, most people say that is the next target. These clowns at bloomberg that I never really liked are trying to put an unachievable goal for bitcoin and act as if it underachieved expectations when it doesn't reach there, that is all they are trying to do.

If you ask me what the purpose of this would be to make people go into bitcoin, get disappointed by the results, and when they are sad they go back to stocks, which bloomberg sells software for as well. So long story short, this is not realistic and I think we will not be 400k in 2021 at all, we will top at 100-150k and that is going to be the case for us.

It seems like a long way to reach $400k this year but in the crypto world it can happen but for me in one year term with a high price is absolutely impossible.
There are so many predictions that have been published in various news for the latest trends but all of that will be positive if many institutions have become part of the adventurers in crypto, it is not impossible that this year will be the biggest increase even in the following year how can it be But we have to see how many people meet in the future about bitcoin. Will it be the most important asset for him?
Now there are lots of opinions but this is a bit interesting because it raises the hype going on.

We might have seen that it can really move that fast on a very high price but presuming again on hitting $400k for this year is something that cant really be achieved.
Its hard and we do need that full adoption scale speaking of that.

It might reach $400k but it wont really be in 2021.Its just too far and too early to make out those kind of price prediction.Id rather be eyeing on $100k instead.

Looking on the current situation of the market that we do even had a hard time on breaking 60k and if it does then next target will be 70.

If it attracts more investors to join, I don't think the big players will plan the Bullrun ends very soon. They won't let the chance to gain more money over only in a short time, so they will maintain this situation to get more from the hype of the crypto market. Also, we cannot compare the current Bullrun scheme with the previous Bullrun, it has some differences. Everyone must realize that the current Bullrun potentially lasts a long time, especially after some big supports like Elon Musk and his company joining crypto investment.

If we go by the 4-year cycle, then the next ATH should come by December 2021. Back in 2013 we had the first ATH, at $1260 per coin. And four years later, in December 2017, there was another ATH at $20,000 per coin. If we go by this trend, then the next peak should happen by 2021 December. Now I don't know whether $400,000 will be attained or not, but it is possible given the increase in userbase and acceptability during the 2017-2021 period.

To each his own! I say scary but that's just because a 90% drop from 400k becomes feasible if it happens this year (much like how a drop from 20k to 4k was realistic because of the way it rose to that level in 2017). Overheated demand tends to do that. But 90% drop means a rock bottom of $40k which, well, I'd take any time, if I'm honest.

A 150k top and bottoming nicely half of that is preferable to me, though, yeah.

Wow. https://bitcointalk.org/index.php?topic=5261812.0

These guys are so behind it's a joke.

Can't think how near does the bull run may end especially in bitcoin since up until now bitcoin was continuing soar high and in fact we are now dealing with another new ATH of bitcoin amountinh to $63,000 so can't say how very soon thus it may come. Even in the high market peice of bitcoin investors are keep on coming and supports bitcoin. Though it may seem that $400K of Bloomberg prediction about bitcoin was seem not so good to be true but knowing people are looking forward for a positive outcome of bitcoin was much important.

Why not so good? When people were speculating about $10k by the times of 2016/2015, most people here reacted in the same manner; just look into that we are right now. It is one of the possible price levels that bitcoin may test before end of this year but there is no technical things are available (at least from my side) to support those huge levels.

Regardless of where bitcoin market is trading, it is continuously attracting more investors and adopters which must be the enough reason why we need to consider about reaching $400k levels in this year. Moreover, you are seeing how people are interested on bitcoin regardless of current huge price levels still you are not ready to accept this prediction as a true thing. Really you are contradicting yourself :o.

I also support that bitcoin can hit a price tag of over $100K, but I'm not really sure that will happen this year. Keep in mind that we have a 4 year cycle which always has a positive value on rising bitcoin price. The current realistic target might be $100K, and then we can expect something bigger than that.

Some of the thing currently supporting this target are institutional investor and adoption. If institutional investor are willing to hold all their bitcoin during this bullish market, then there is a chance that $100K will come true by the end of the year. We have to go through whatever period along the way, there is nothing better than hoping the price of bitcoin can go up more than expected.

For now the price didnt hold up and we are now having some price pullback but still its great to see that it do able to held 61k price as of this moment which is still considerable.
It seems that bulls arent really that strong on pushing up the price forward and still able to retain these levels but somehow predicting on $400k is already close to impossible
if we do talk about year 2021.Imagine on how hard we do able to break ATH back in the past and now talking with 6 digits is way too unrealistic.

Actually it's even better that the price doesn't grow continuously. It makes the overall bull run take longer.
And I find about odd the talk about "bulls not strong" when 3.5 months ago the price was less than half of what's now.

An extrapolation would tell that if the price doubles (and more) every ~3.5 months, the price could get to 400k before the year ends.
Too bad that extrapolations don't always work (https://xkcd.com/605/).

I agree that we have to be realistic in determining our target, because the target above $ 100k is too high to be achieved this year.  If Bitcoin can
reach the $ 400k price predicted by Bloomberg, I am sure that we as Bitcoin holders will be happy. But the problem is we must first reach the $ 100k
target that some experts predict, after that we can expect higher targets. Because I'm not sure Bitcoin can hit the price of $ 400k this year.

Well i agree in that 100k$ is i high enough and i think that was easy to achieve this year, 400k$ is totally amazing but that was very high and really imposible to achieve, however there are still a posibility to achieve 400k$ but maybe in the upcoming years this time we need to fucos on 100k$.

It's a prediction, I won't be too serious about it.
Don't take it to heart, most of the news they will make is just for advertisement.
They might be one of the aged news outlets when it comes to investment but when it comes to cryptocurrencies it's not that easy to make an accurate prediction.
A huge chunk of it is just guessing without something to back it up.

No one knows when Bitcoin will go sideways or upward.

Everyone in the market is crazy bullish right now.  It scares me.  Feels like we're being set up for a maximum pain moment.  I've only seen this sort of momentum a couple times before, so I think mid-term we're still looking at a six figure Bitcoin.  $400K might be pushing it a bit.  No way that's sustainable anytime soon.  The recent price stability below $60K took miners accumulating instead of selling to finally break.  I'm starting to see bubble signs...  I'm still hoping for a best case scenario of another 7 months on this bull run though. 

But, I feel it is too early to call for bubble. Practically do not get scared of high prices as bitcoin got demands hence is trading above $60k right now. When are getting into higher price levels without sustaining volume, then you may get scared about immediate fall down. But, bitcoin is being traded on nearly 1000s of exchanges and people from every country is contributing on building this much value for bitcoins; it means bitcoin deserves this value and will continue for another 7 months as well.

After 7 months, probably we may see $400 levels and I agree that price definitely will not sustain like how $20 did in 2017/2018. Still, we are not going to fall 50% in one or two days. Due to high volume, we may see bear market also sustaining for 12 to 15 months to reach the bottom. Nothing scary here as we have seen such patterns more than 2 times.

Yeah, I think we are indeed in the bubble territory, but the bullish mentality will continue until we hit $100k and most probably that will be the tipping point for more speculators to either sell or just continue to hold and hope that this bubble will not pop up with the 6 digit performance. So might see another massive increase in the next 7 months, but the big test is when we get to $100k and see how it goes.

Well, I admit that Bloomberg has always made major predictions along the long haul of bitcoin.  Lol.  I am very excited about this but it looks like 150k $ will be the first destination to break for this wonderful excursion.  It's good that the best is in bitcoin's favor.  The time we hope and look forward to is approaching.

But that will not happen fast as bitcoin needs to break every higher price from now on. Bitcoin price still below $70k and it still needs more time to break the next high price. Maybe $100k will be a break on this year but no one knows about that. We still have more than 5 months this year to have a chance for bitcoin to start another rally. So you do not have to worry and do not think that bitcoin is a huge bubble. We will see how high bitcoin price will increase later.

If enough people believe this prediction I am sure that we can reach that territory but you are right this is just a prediction and things could go otherwise, and we all know that news media outlets only wants those clicks so they are going to make the most ridiculous things and put ridiculous numbers to generate some clicks.

Indeed, Bloomberg made a lot of contradictory statements and it went nowhere.  I believe in Elon's vision more than just unsubstantiated statements.  Bitcoin will continue to go up, but $ 400k seems to be something of a lack of practice.  Perhaps $ 100k this year is the most perfect.  Lol

If this is just a guess based on this uptrend.  Couldn't be more wonderful with 400k $.  Although, to me, Bloomberg has always been a celebrity with immortal statements, it is proof of futility.  Prediction has always been valid and once rare, I look forward to the first time Bloomberg's guess is in the right direction :))

I think that Bloomberg lately is publishing very interesting and more sincere articles, he is speaking with more truth and showing how it is that changes can actually occur in the markets, Bitcoin is undoubtedly in the sights of each of the institutional investors, presidents of companies, rulers of nations and banks in general.

Some find it unrealistic that Bitcoin reaches $400k, but the PlanB model, S2F talks about this great price, which can come true at any time, the market is unpredictable, and the S2F model has a lot of validity so it expires, It is not an indicator or tool, plus it has a lot of inside information taking into account the best of Fundamental and technical analysis, BLoomberg is offering level 1A information.

https://i.imgur.com/Uj9ZjIJ.png
Source: https://twitter.com/100trillionUSD/status/1382357265261465600 (https://twitter.com/100trillionUSD/status/1382357265261465600)

Great Prediction model.

Just a point of clarification. In the S2F model, as shown in the article written by @fillippone, there is a variance over the expected results:


The good thing about the model is that even if we have this divergence, the trend is regression to the mean, so that sometimes we will be above the predicted price and sometimes below, but always going up and down around the predicted price. So let's hope that the model continues to be successful.

Well, predictions like this are too fast, and people even think that it will happen. I always think of the closest developments at this time rather than very far. in fact, the bitcoin price hasn't hit $ 100k yet, although it already has imminent potential. after all, people will always feel this bubble, until they feel they want to have it too. well, I'm used to high predictions like this.