Now that the bottom is done and the bull market is back, get ready for lots of people to come out and tell people not to buy it.
I already had two articles pop up in my feed saying how people shouldn't buy bitcoin and how it isn't a good investment and how it will just keep going down. I guess the nocoiners feel the need to come out and speak against it now that the market is once again proving them wrong. It's gonna be a rough couple of years for these people haha!
I'm personally looking forward to seeing my coworker's reaction from here on out. Every couple of days he'll talk about how stupid cryptocurrencies and blockchain in general is, and make some joke about me buying bitcoin. I wonder if it will only intensify during this long bull run (doubling down on dumb) or if he'll just stop talking about it haha.
I actually think the opposite. Once the bull market goes in full swing, it's very likely that mainstream media will take the chance to jump on the wagon and project completely unsustainable predictions, much like how media did back in 2017.
Mainstream media always reflects the market sentiment of the time, because that's what's most popular and creates the most buzz. We've seen negative articles during the bear market, because of the fear and uncertainty within the market. That's just how things work.
Of course, I wouldn't expect everything to be positive even when we're in a bull market because there are certain bitcoin perma-bears that simply will reject anything that you tell them, even if the fundamentals may be improving. But the majority of institutions I think that have entered the crypto market like JP Morgan are opportunistic, and will likely not speak negatively of bitcoin in a bull market, since it involves a vested interest.