Bloomberg: Bitcoin Is Doomed

Bloomberg: Bitcoin Is Doomed

All signs are pointing to one thing: the price of Bitcoin will fall. And the downfall will be severe. That’s not some random people talking, that’s Bloomberg. Leading indicators are showing that the demand for “digital gold” (holy cr*ap, those names!!!) is going down. Bitcoin struggles to reach $4,000 for some weeks now – and crypto believers call it “stability.” Ha!

Anyways, a report from Bloomberg says that indicators are going down since mid-February. If Bitcoin won’t get to a $4,000 mark, well, it’s doomed. Moreover, the report states that current market conditions are similar to November 2018, when the collapse happened. Ouch!

Some knowledgeable folks are saying that rich people are now investing in altcoins; hence Bitcoin is struggling. There is another fancy name for you – “alt-season.” That’s how the current situation is called by analysts. Well, whatever. Shitcoins never lived up to the hype, let’s see how quickly those investors will withdraw their bucks and will start doing something sensible.