Analyst Says Bitcoin Just Hit the Phase That Tripled Facebook’s User Base
Bloomberg ETF analyst Eric Balchunas argues that Bitcoin (BTC) has entered the same adoption phase that took Facebook from 1 billion to 3 billion users. The comparison frames BTC’s loss of countercultural appeal as a sign of maturation, not decline, with spot Exchange-Traded Funds (ETFs) acting as the catalyst for mainstream entry. ETF Expert Likens Bitcoin to Facebook’s “Uncool” Phase, Bullish? Balchunas, Bloomberg Intelligence’s senior ETF analyst and co-host of the Trillions podcast, compares Bitcoin’s current moment to when older generations flooded Facebook. “Bitcoin rn feels like when your parents joined Facebook
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