NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Why a Bloomberg Opinion Writer Expects a Bitcoin Bull Run

Nick Chong
Nick Chong
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Now that the Bitcoin market has cooled from its emotional top in late-June, when BTC topped $14,000, mainstream media coverage of the cryptocurrency industry has tapered off dramatically. No longer is CNBC television covering Bitcoin three times in one day; the number of headlines mentioning “crypto” has collapsed.

Yet, there still seems to be some underlying positive press for this market being pushed through mainstream channels.

In a recent Bloomberg Opinion article, Jarden Dillian, an editor and investment strategist, laid out why he believes that Bitcoin is ready to see a bull run that will be larger than the last.

Related Reading: Crypto Analyst: $100K Bitcoin ATH By EOY 2021 Is A Realistic Scenario

Bigger Bull Run Than the Last

In the piece, Dillian took some time to explain why he believes that a “system of stateless currencies”, which many say will be centered around an asset like Bitcoin, is needed.

As he wrote, the “philosophical bias” of governmental currencies has never been as weak as it is now, looking to the immense levels of debt that the fiat system has racked up. Indeed, the world’s debt to GDP ratio has hit some 320%, far above what it was prior to the Great Recession of 2008, and the U.S. is on track to have a $1 trillion fiscal deficit for 2019. Crazy.

While debts are supposed to be repaid in full, governments, Dillian writes, are shifting to a model known as Modern Monetary Theory, “or the printing of as much cash as a government needs to fund its spending.”

Related Reading: Youtube Star Thinks Bitcoin is the “Most Important Investment”

This transition, he claims, will be astronomically bullish for Bitcoin, as “it just seems like common sense that you would want to avoid any currency (most of the fiat world) that is being debased to such a degree.”

The analyst — after mentioning Bitcoin’s characteristics of decentralization, scarcity, censorship-resistance/privacy, and cost-efficiency — then concluded that writing that he believes Bitcoin will see another bull market, one that is “much larger than the first one where the potential is finally realized”. As Dillian remarked:

“If you believe that Bitcoin has a future, then the math is simple. If you assume that only 0.5% of the population has adopted it, and that there are only 16 million to 17 million BTC available, then as adoption inevitably increases the price of Bitcoin will rise significantly.”

Bloomberg Opinion Is All Over Bitcoin

Dillian isn’t the first Bloomberg Opinion writer to have accentuated that there is a rapidly-growing fundamental need for Bitcoin. Per previous reports from NewsBTC, Tyler Cowen has recently started to renege on his former belief that Bitcoin is only as worth as much as its marketing, has immense volatility issues, amongst other critiques.

Related Reading: Bitcoin Price to Make New High By Early-2021, Investor Declares

The economist, who contributes to Bloomberg’s opinion column, first wrote in 2017 that Bitcoin could be used as a good way for risk-averse investors to hedge their wealth, likening the cryptocurrency to gold.

Cowen’s journey to believer finished just recently, when he unveiled an article titled “Bitcoin is (Probably) Here to Stay”. In this sweeping piece, he laid out the following four reasons why he believes that the leading cryptocurrency has immense staying power in today’s society:

  1. The U.S.-China trade war, which pushes Chinese investors to find their way into safe havens.
  2. A left-leaning (economics-wise) political climate in the U.S., which may lead investors to store their value away from authorities (IRS).
  3. The launch of Libra, which Cowen believes increases the survivability of cryptocurrency.
  4. Hedge against uncertainty.
Featured Image from Shutterstock
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Exchange Inflows Spike After $123,000 Peak – Signs Of Short-Term Cooling?

Bitcoin (BTC) surged to a new all-time high (ATH) of $123,218 earlier today, pushing its market cap beyond $2.4 trillion....

Ash Tiwari 5 hours ago
Bitcoin Price Breaks $100K

Bitcoin Price Retreats After Hitting ATH — Bulls Pause for Breath

Bitcoin price started a fresh increase above the $118,500 zone. BTC traded to a new high above $120,000 and recently...

Aayush Jindal 5 hours ago

【全新升級】Bitunix整合TradingView圖表系統 打造移動裝置專業加密交易 

隨著全球加密市場逐漸邁向成熟,交易者對於圖表分析與下單體驗的要求也日益提高。作為全球成長最快的加密衍生品平台之一,Bitunix 率先將TradingView完整整合進其Web與App端,實現跨裝置一...

Peter Chow 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Strategy Grabs Another $472M In Bitcoin—Even With Price At ATH

Keshav Verma 1 hour ago
memecoins, crypto, trump, memecoin

Top Crypto Exchanges Made $172 Million From TRUMP Memecoin Listing – Report

Rubmar Garcia 2 hours ago
Spot Volume Drop on Binance Preceded Bitcoin’s Price Surge, Data Shows

Spot Volume Drop on Binance Preceded Bitcoin’s Price Surge, Data Shows

Samuel Edyme 4 hours ago

Premium Sponsors

Press Releases

  • Ove 3 kriptovalute ispod 1 dolara mogle bi pretvoriti 200 USD u milijune do 2027.

    Ove 3 kriptovalute ispod 1 dolara mogle bi pretvoriti 200...

    33 minutes ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    Aceste 3 monede sub 5 lei ar putea transforma o investiție...

    2 hours ago
  • How XRP Users Can Make $1 Million from $100 in No Time at...

    7 hours ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 достъпни криптовалути с...

    11 hours ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 megfizethető kriptó 9000%-os potenciállal, olyan...

    13 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.