Bloomberg predicting BTC reaching $400K in 2021

[ConnerDalfino]

"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.

[1713983795]

1713983795

[pooya87]

This demonstrates how public opinion is generally improving.

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!

[joniboini]

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.

[MrcMrc]

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.

[Lorence.xD]

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!

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.

[dkbit98]

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

Bloomberg, welcome to the bubble.

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.

[Renampun]

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

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.

[Darkelf11]

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.

[Jating]

This demonstrates how public opinion is generally improving.

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!

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. 

[nikolastech]

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

[ultrloa]

"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.

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.

[nikolastech]

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

See you all over 60k

[Poker Player]

This demonstrates how public opinion is generally improving.

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!

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.

[aesma]

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 ?

[davis196]

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.

[Upgrade00]

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.

[DaveF]

$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

[big kid]

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

[Darker45]

"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:

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.

[bitzizzix]

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.