Bloomberg predicting BTC reaching $400K in 2021

[dmhco]

"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.

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

These guys are so behind it's a joke.

[1714045423]

1714045423

[molsewid]

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.

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.

[darewaller]

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 .

[skarais]

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 .

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.

[Mahanton]

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.

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.

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.

[NeuroticFish]

It seems that bulls arent really that strong

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.

[Wawa2013]

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 .

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.

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.

[rhodelmabanal]

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 .

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.

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$.

[Reid]

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.

[OgNasty]

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. 

[tygeade]

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.

[Baofeng]

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. 

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.

[777Jolami]

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


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

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.

[michellee]

"According to Bloomberg, Bitcoin is replacing gold “more abruptly” than anticipated. Quotes a price potential of $400,000 in 2021."
Only in December did Bloomberg declare bitcoin to be in a huge bubble.

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.

[Assface16678]

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.

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.

[blue_nexus15]

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

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

[ivankoh]

"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.

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

These guys are so behind it's a joke.

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 )

[LUCKMCFLY]

"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.

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

These guys are so behind it's a joke.

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.


Source: https://twitter.com/100trillionUSD/status/1382357265261465600

Great Prediction model.

[Poker Player]

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.

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:

Q1.

Stephan Livera: I guess the other factor here to think about is that in practice what happens is markets can swing, or it can overshoot and then undershoot. Can you discuss that a little bit?

A1.

PlanB: Absolutely. Maybe when we talk later about the model itself, you’ll see it doesn’t have an accuracy of 100%, of course, because it’s a model; so all those FOMO actions and bull markets and bear fear, it’s all not in there, and you see that in the chart as well. So, the model price is very simple, based on Stock-to-Flow; but the actual market, of course, where fear and greed are playing out, so it overshoots and undershoots. Usually, what you see… “usually,” I mean the last two times… is that the market overshoots 3-10x the model value, but undershoots 50% maximum, so that’s one of the reasons why I thought, “Okay, if we’re at a model value today of a little above $6000, 50% of that $3000 should be the bottom of current bear market. But, yeah, that’s how I see it.

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.

[ancafe]

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.