Bloomberg Analyst: Bitcoin Echoes Facebook's 'Coolness' Decline, Poised for User Growth

AirdropBlackHole · 2026-03-29T15:51:17+00:00

Eric Balchunas compares Bitcoin's current popularity to Facebook's past, noting that its appeal has diminished as older generations adopt it. However, this increased adoption could lead to significant growth, similar to Facebook's rise from 1 to 3 billion users.

AirdropBlackHole

2026-03-29 15:51:17

Abstract generation in progress

Eric Balchunas, a senior ETF analyst at Bloomberg, posted on X stating that Bitcoin currently feels like when your parents started using Facebook. On one hand, with the “Boomers” entering, it’s no longer as “cool.” On the other hand, as this “coolness” faded, Facebook’s user base grew from approximately 1 billion to 3 billion, making the implication quite clear…

BTC1.28%

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