Bloomberg report Bull run

[Wexnident]

This is probably a view when taking into account that a sharp drop was what happened in March, not a gradual drop. This probably lead to the idea of Bitcoin slowly gaining attraction to the masses throughout this period, especially since it's at its lowest taking into account this year. Additionally, when compared to the stock market and gold, Bitcoin growth could be seen as one of the most captivating one, and one that also leads to quite exponential growth at times.

Still, it's just an idea of Bitcoin starting to mature. Starting is the keyword, and it might actually take decades before it actually matures fully. There would be various competitors along the way I'm sure since there are a lot of people that recognize the value of Bitcoin and they know that if they could exceed its reputation, their project would become an instant hit.

[buwaytress]

I'd have hoped to say Bitcoin's already matured. Adoption is probably accelerating, but I think the network's survived enough attacks and crises to be called mature now.

It was only invented 11 years ago. And we still see horrible bugs or vulnerabilities from time to time.

How fast is it reasonable to expect acceptance by mainstream, traditional investors? I would have assumed quite a lot longer than 11 years. Of course, by the time pension funds are willing to consider BTC, it will probably be trading at 6 figures USD. That's the payoff of being an early adopter of a speculative (immature) asset.

Ah we're talking about different things maybe. I referred to maturity of the network, but yeah I agree, it's immature as an asset or currency.

We'll always continue to see horrible bugs and vulnerabilities, the likelihood's simply too high for that not to happen. Last year Visa still had a big bug discovered. Fiat's bugs continue to prevail. A system isn't mature when it has no more bugs to discover, it is when it is in little danger of failing when bugs are discovered, to me anyway;)

Mainstream adoption? Oh I've always said we're far, far away from what people would like to believe. I'm Bitcoin all the way, but outside the developed world, visible Bitcoin adoption is at least a decade away -- but that's one big reason why I still think it's hardly late at all to "get into it" one.

I know it's a bit vain to say we're early adopters but relatively speaking, when we're decades away from seeing things priced in btc instead of usd, we really are. Great feeling, isn't it?

[shoreno]

we all know bloomberg is a legit source of news so i dont think people will doubt on this one  . i said doubt because there are lost of threads lately coming up with bull run predictions but people just bash it  . we cant judge those people because they are only thinking the bad effects of covid right now   . anyway , this one we have here can now give people a hope that no covid can affect the upcoming bull run .  anyway is the news only stated on web ? better if they also post such news on t.v for people to be more convinced   .

[exstasie]

One example can be Oil. There have been tons of USO stocks purchased in the last month or so. Because retail people think, "it must go up!" however its a contango and doesn't work well in bear markets and doesn't fully track the price of oil.

Another is shorting SP500 when they should of longed. Many lost 100% of their money because they bought expensive Put contracts on the SP500 betting it would go down. Employment numbers are horrible but stocks are still going up but people are still shorting it and losing money.

Hence with bitcoin, they will buy when its too late.

When is "too late?" Asking for a friend.

Sentiment is getting pretty bullish. Bloomberg is clearly bullish. I'm seeing lots of mentions of the halving and stimulus checks as bullish catalysts. Bitmex funding rates have been positive for the last couple days, futures spreads are positive, and Bitfinex longs are up 23% over the past 2 days. We're close to closing the 6th weekly green candle in a row.

Where do you see this turning around?

[Finestream]

we all know bloomberg is a legit source of news so i dont think people will doubt on this one  . i said doubt because there are lost of threads lately coming up with bull run predictions but people just bash it  . we cant judge those people because they are only thinking the bad effects of covid right now   . anyway , this one we have here can now give people a hope that no covid can affect the upcoming bull run .  anyway is the news only stated on web ? better if they also post such news on t.v for people to be more convinced   .

Of course they are a legit source, however, what we read is just a report, a report says bitcoin will have its bull run and that does not mean it will happen.
We trust them because they got names but many times, analyst also made mistakes in predicting the future of bitcoin.

[jhonjhon]

Should we have to expect for a Bullrun? I know there is a chance but since the pandemic still at its peak, I have to think less about this.
We started great this year, we thought it was the beginning for the bullish season as we also consider the marker effect of halving but unexpectedly we've been hit this kind of difficulties which not only affects the global market but also our health. Hearing people say Bullrun, I'd sometimes ignored it.

[noormcs5]

we all know bloomberg is a legit source of news so i dont think people will doubt on this one  . i said doubt because there are lost of threads lately coming up with bull run predictions but people just bash it  . we cant judge those people because they are only thinking the bad effects of covid right now   . anyway , this one we have here can now give people a hope that no covid can affect the upcoming bull run .  anyway is the news only stated on web ? better if they also post such news on t.v for people to be more convinced   .

Bloomberg is a trusted source but no one knows the future. You can predict a bull run or a bear market but you cannot be 100% sure  what will happen in future. I do believe that we have seen enough of bear market and sooner or later , its a time for the bull run.

[coolcoinz]

we all know bloomberg is a legit source of news so i dont think people will doubt on this one  . i said doubt because there are lost of threads lately coming up with bull run predictions but people just bash it  . we cant judge those people because they are only thinking the bad effects of covid right now   . anyway , this one we have here can now give people a hope that no covid can affect the upcoming bull run .  anyway is the news only stated on web ? better if they also post such news on t.v for people to be more convinced   .

Bloomberg is a trusted source but no one knows the future. You can predict a bull run or a bear market but you cannot be 100% sure  what will happen in future. I do believe that we have seen enough of bear market and sooner or later , its a time for the bull run.

Just like CNBC, but what does it have to do with the accuracy of their predictions? We trust them with some statistics and numbers, but they are often wrong, not because the numbers are wrong or because they want to misinform their viewers. They are wrong because they follow the mainstream attitude.
In 2015 and early 2016 they all were skeptical and predicted lower lows fort Bitcoin. In 2017 they hyped people up when we were near 20k, and so on... They always tend to be overly negative in bear markets an positive in bull markets.
Also, it's funny how the media can describe a drop followed by a recovery as a bull run. If something falls down 50% and then goes back to the price it had before the sell-off, it's just recovering after a drop, not experiencing a bull run.

[DevilSlayer]

This kind of news or report makes many people suffer to huge losses because of the hype, even thr information came from bloomberg or any trusted media about all types of financial market; we should not easily believe on what will they say. They are just human like us who just making speculation and predictions to hype others. For those who will believe to them, be prepared on the losses that ksy incur. Our decisions should base on our understanding and not came from other people, organizations or institutions.

[thecodebear]

The general retail market will probably ONLY buy bitcoin if they see it break the ATH.

^ This.

Bitcoin only moves into an exponential bull run once it passes its ATH from the previous market cycle. That's because it is only at that point that the people who said "oh bitcoin crashed it will disappear now", which is most people, will suddenly realize that oh bitcoin didn't go away and its more popular than ever. This is what fuels huge bull runs - suddenly tons of people realize Bitcoin is still alive and thriving and they can make a bunch of money from it if they get in now!


Also, to the OP, I wouldn't make any decisions based on some article written by someone saying a bull run is about to happen. Yeah sure the next huge bull run is likely to happen over the next couple of years after the halving, but don't think there's a bull run just because someone wrote in an article about it. Anybody can write an article. There are plenty of articles saying Bitcoin is about to explode, and plenty of articles recently saying Bitcoin is head down lower than the bottom of the market from this market cycle (2018). Don't believe any of them. DYOR.

[The Sceptical Chymist]

I'm sorry, but all of those bullet points sound like complete gobbledygook to me, and my guess is they're intended to confuse and/or mislead investors--just like most crap coming out of investment firms.

When this kind of news comes, a positive situation is created. As a result, more new investors are likely to come.

No it isn't, and no they're not.  Don't believe everything you read without first viewing it through the lens of a hardened skeptic.  If you don't already have such a lens, you'll develop one the longer you're into bitcoin and the more nonsense like this you read.

[bitgolden]

I doubt it will happen, think about it right now we are all staying at home and there are millions of people who are on unpaid leave from their work and out of money, there are millions of people who got fired, there are millions of business' who closed their places either temporarily or they actually bankrupted and closed forever, basically everything is looking like it will suck for a while, and unless we actually get better we are not going to recover from it neither or at least it will take years before we can.

Hence, I think the bull run could maybe happen but I am sure it will be short lived, eventually in a year or so I am expecting a big drop when people realize the real calamity of the situation, when people start dying from hunger you will see the real situation.

[lunnatic]

I like it if there is news about FOMO Bitcoin, especially before Halving there will definitely be good news to give the strength of a bull to Bitcoin, but be careful if Halving has started then the possibility prices will fall sharply, maybe just prediction 

[GreatArkansas]

I like it if there is news about FOMO Bitcoin, especially before Halving there will definitely be good news to give the strength of a bull to Bitcoin, but be careful if Halving has started then the possibility prices will fall sharply, maybe just prediction 

These media will also benefit from it, especially the Bitcoin popularity and upcoming huge event for Bitcoin which the block halving.
News about the being FOMO on Bitcoin is kinda normal these days, some entities are also using this to something manipulate the market? Like a buy/sell signal (saw on crypto twitter meme).

I also suggest to everyone, that always read the whole news, not only the headline of it, because reading comprehension is always important to avoid misunderstanding.

[Lucius]

Should we have to expect for a Bullrun? I know there is a chance but since the pandemic still at its peak, I have to think less about this.
We started great this year, we thought it was the beginning for the bullish season as we also consider the marker effect of halving but unexpectedly we've been hit this kind of difficulties which not only affects the global market but also our health. Hearing people say Bullrun, I'd sometimes ignored it.

What I would really expect from this halving is just a price recovery to the levels we had at the beginning of the year. Some may have forgotten, but the start of this year was one of the most successful in BTC history, but then only a few could predict what would happen in the coming months. The media takes every opportunity to try to be some kind of prophet when it comes to profit, and it has become quite normal for no one to blame them when they completely miss the target.

Last year they tried to bury Bitcoin with FB Libra, highlighting the project as "Bitcoin killer", but what to expect from average journalists or those writing what their editors order? Only a few conspiracy theorists who constantly predict Bitcoin's demise do not want a bull run to happen, but will it only happen because Bloomberg wrote it and many others will rewrite it?

It should be remembered that all influential media are owned by several powerful global corporations, and they used them to create public opinions. There's an old saying : Calamus gladium semper vincit (The pen is mightier than the sword).

[Spaffin]

It seems to me that it is worth paying attention to a study that showed a negative attitude of the media to cryptocurrency.  For almost 5 years, the leading media spoke very poorly about the cryptocurrency and the entire cryptocurrency market, including bitcoin.  interesting is the fact that when cryptocurrency prices showed very good results, very few publications were interested in this fact.  An example is the period of 2017, when the bullish run of the cryptocurrency market was not covered in the media.  But as soon as the prices for cryptocurrency began to fall, then some kind of madness immediately started happening in the media and a lot of negative statements about cryptocurrency appeared.  the impression is that someone is benefiting from all these actions and a negative attitude in society towards people’s cryptocurrency is specially created, including bitcoin.

[Oasisman]

I like it if there is news about FOMO Bitcoin, especially before Halving there will definitely be good news to give the strength of a bull to Bitcoin, but be careful if Halving has started then the possibility prices will fall sharply, maybe just prediction 

These media will also benefit from it, especially the Bitcoin popularity and upcoming huge event for Bitcoin which the block halving.
News about the being FOMO on Bitcoin is kinda normal these days, some entities are also using this to something manipulate the market? Like a buy/sell signal (saw on crypto twitter meme).

I also suggest to everyone, that always read the whole news, not only the headline of it, because reading comprehension is always important to avoid misunderstanding.

Indeed. These media hype techniques will never get old.
Specially with the mainstream cryptocurrency media, I guess they'll benefit not only with their own crypto, but with the whales who back them up with finances to report some bullish trend and anything like that.
Anyway, these bullish news also benefits the crypto enthusiast who has always believed in Bitcoin's capability in the future.

[Questat]

I like it if there is news about FOMO Bitcoin, especially before Halving there will definitely be good news to give the strength of a bull to Bitcoin, but be careful if Halving has started then the possibility prices will fall sharply, maybe just prediction 

These media will also benefit from it, especially the Bitcoin popularity and upcoming huge event for Bitcoin which the block halving.
News about the being FOMO on Bitcoin is kinda normal these days, some entities are also using this to something manipulate the market? Like a buy/sell signal (saw on crypto twitter meme).

I also suggest to everyone, that always read the whole news, not only the headline of it, because reading comprehension is always important to avoid misunderstanding.

Indeed. These media hype techniques will never get old.
Specially with the mainstream cryptocurrency media, I guess they'll benefit not only with their own crypto, but with the whales who back them up with finances to report some bullish trend and anything like that.
Anyway, these bullish news also benefits the crypto enthusiast who has always believed in Bitcoin's capability in the future.

I looks like the media hype is effective, bitcoin is quite bullish right now, it's going to $8K, and believe me, once it reach at that level, more news will come out regarding bitcoin to be bullish going to the halving and this year.

[Smitty Werben Man Jensen]

I like it if there is news about FOMO Bitcoin, especially before Halving there will definitely be good news to give the strength of a bull to Bitcoin, but be careful if Halving has started then the possibility prices will fall sharply, maybe just prediction 

These media will also benefit from it, especially the Bitcoin popularity and upcoming huge event for Bitcoin which the block halving.
News about the being FOMO on Bitcoin is kinda normal these days, some entities are also using this to something manipulate the market? Like a buy/sell signal (saw on crypto twitter meme).

I also suggest to everyone, that always read the whole news, not only the headline of it, because reading comprehension is always important to avoid misunderstanding.

Indeed. These media hype techniques will never get old.
Specially with the mainstream cryptocurrency media, I guess they'll benefit not only with their own crypto, but with the whales who back them up with finances to report some bullish trend and anything like that.
Anyway, these bullish news also benefits the crypto enthusiast who has always believed in Bitcoin's capability in the future.

I looks like the media hype is effective, bitcoin is quite bullish right now, it's going to $8K, and believe me, once it reach at that level, more news will come out regarding bitcoin to be bullish going to the halving and this year.

Remember, a lot of FOMO events get people stuck at high prices, Bitcoin will halving in a few days, but that does not mean prices will continue to rise, right now the price of Bitcoin cannot be predicted accurately, given Future trading is now crowded and it's easy to see market manipulation , make sure you have a good strategy for handling the present situation

[Reid]

 Born From the Financial Crisis, Bitcoin Maturation Accelerating

So they are now using history as means of growth in value.
But it is not the same. This one is a pandemic not something like 2008.

 Covid-19 May Give Libra Life, Spur Fed's Digital Currency Spirit

Suddenly inserting Libra to the statement?
Are they now shareholders of it?  
I don't think so. They will just create their own coin rather than letting Suckerberg control the financial industry.