Everyone seems to be bullish on Bitcoin, even after an almost 30% fall in the valuation of not only BTC but of almost all altcoins.
Goldman Sachs Analysis Shows Bitcoin Price Will Extend Near $4000 After Correction. Goldman Sachs’ head of technical strategy Sheba Jafari predicts bitcoin to climb higher, ultimately getting near $4,000. In a note sent to clients, Jafari sees the current corrective course to tread longer with upward gains to be the ultimate outcome.
Mainstream media in the USA has been bullish on cryptocurrencies in general and about Bitcoin in particular. Fox News has recently joined this elite group and made a rather bold prediction. In a segment of Making Money June 30, anchor Charles Payne hosted a celebration of Bitcoin, the latest rally of which could see it reach $1 mln “within the next few years,” he agreed.. Fox has very smoothly merged the hype of cryptocurrency with the fear of big government and joined the latest sport of financial meida; of speculating over the price of Bitcoin within five or ten years.
Iconic isn't it? Last month we had so many "bubble" and bearish reports coming from the same publications. Now the spin is bullish. Media frenzy loves to create drama around price movements.
Fox actually stated at the end of the segment a $1 Billion Bitcoin. Which is... just stupidly insane if you do the math on what that would position the market cap to be. Fox News has built their audience around fear mongering and snake oil salesmen tactics. It works. So always taking their claims with minimal credibility.
btc is up well over 200% this year.. Best performing asset period of any assets 5 years except the year the CIA crashed mount gox. 4088 by next peak (soon), 13808 february next year.
BTC is best performing asset? In what Universe?
it's up 200% this year. What has beat it? (I meant against stocks, traditional crap). My portfolios are up 500% in 3 months, pure crypto.