Bloomberg analyst: Bitcoin is now like when parents started using Facebook—it's losing its "cool" factor, but user growth may be poised for another surge.
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According to a report by Jinse Finance, Bloomberg Senior ETF Analyst Eric Balchunas posted on X saying that Bitcoin now feels similar to when your parents first started using Facebook. On one hand, as the "older generation" (Boomers) enters, it’s no longer as "cool" as before; but on the other hand, as this "coolness" fades, Facebook’s user base grew from about 1 billion to 3 billion, so the logic is pretty clear…
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