Is it me or is ALL crypto news suddenly very positive and should that be a reason for concern? The last time all the news was negative was around at the lows in 2022
2 min read
Last year, every piece of news regarding Bitcoin and crypto was negative.
The headlines looked like this:
Standard Chartered predicts Bitcoin to $5K
The European Central Bank says Bitcoin is useless and warns investors to get out
Jim Cramer says all of crypto has no value and will go much lower.
What did these news posts have in cottom? They all happened between July 2022 and December 2022, the time of the bear market bottom (so far).
Now, the opposite is happening, as suddenly ALL the news is very positive
The headlines look like this:
Standard Chartered predicts $120K, while they had a $5K target half a year ago.
BlackRock calls Bitcoin digital gold and is bullish
Jim Cramer advocates for a Bitcoin ETF
Should we be worried?
Its pretty crazy how suddenly all the media turns bullish after a 103% move for Bitcoin and more than a 100% move for Ethereum, while they were all calling for doom and gloom in 2022 when Bitcoin was below 20K.
I have to say that the mainstream media being so bullish on Bitcoin and crypto makes me really worried. Its like they are trying to get retail to buy.
submitted by /u/Beyonderr
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