Bloomberg Analyst: Bitcoin is now like when parents first started using Facebook—its "coolness" has faded, but user numbers may usher in a new round of growth.

2026-03-29 15:47:13

Golden Finance reports that Eric Balchunas, a senior ETF analyst at Bloomberg, posted on the X platform that the current feeling around Bitcoin is similar to when your parents started using Facebook. On one hand, it has lost some of its “coolness” because of the entry of the “older generation” (Boomers); but on the other hand, despite this decline in “coolness,” Facebook’s user base grew from about 1 billion to 3 billion, so the reasoning is quite clear…

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