Topic: Bloomberg predicting BTC reaching $400K in 2021 (Read 662 times)
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.
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.
A1.
Quote
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.
Quote
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.
"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://bitcointalksearch.org/topic/are-we-headed-for-250k-btc-in-12-18-months-5261812Forget 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.
These guys are so behind it's a joke.
)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.
"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://bitcointalksearch.org/topic/are-we-headed-for-250k-btc-in-12-18-months-5261812Forget 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.
These guys are so behind it's a joke.
) "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 
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. 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.
"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.Only in December did Bloomberg declare bitcoin to be in a huge bubble.
"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. Only in December did Bloomberg declare bitcoin to be in a huge bubble.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
. 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.
"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://bitcointalksearch.org/topic/are-we-headed-for-250k-btc-in-12-18-months-5261812Forget 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.
These guys are so behind it's a joke.
Jump to: