CNBC’s Brian Kelly: ‘Bitcoin Will Resurrect’

CNBC’s Brian Kelly: ‘Bitcoin Will Resurrect’
фото показано с : cryptoslate.com

2018-6-27 12:00

The cryptocurrency bear market has caused major media to question whether digital assets are coming to an end. On June 22, CNBC’s Brian Kelly appeared on national television to remind viewers that Bitcoin isn’t dead yet.

Bitcoin Below $6K, Still Up 156% From June 2017

On June 23, the price of Bitcoin fell below $6,000 for the first time since November 2017. Amidst an enduring multi-month bear market, major media and retail investor sentiment have fallen to their lows – leaving many wondering when or if prices will ever bounce back.

In a lighthearted segment of CNBC’s Fast Money, hosts Melissa Lee and Dylan Ratigan “tried to have a funeral for Bitcoin as it fell below $6K,” but were interrupted by CEO of BKCM Brian Kelly, who expressed a contrary tone of optimism for the future of the world’s leading cryptocurrency.

We tried to have a funeral for #Bitcoin as it fell below $6K, but @BKBrianKelly is still a believer. Here's why he thinks the cryptocurrency will resurrect pic.twitter.com/B8ozbzPsfJ

— CNBC's Fast Money (@CNBCFastMoney) June 22, 2018

Conveying three points to support his stance, Kelly made clear that overall market sentiment is “approaching lows,” indicating a potential bottom and imminent trend reversal for Bitcoin’s prices.

Kelly addressed the recently issued business improvement orders to six Japanese crypto exchanges, stating that the increased regulatory scrutiny is actually beneficial for the market in the long-term, as systems will become more “robust.”

Finally, Kelly cleared misconceptions about the Mt.Gox civil rehabilitation proceedings – explaining to investors that the reimbursed $1 billion in Bitcoin will not be returned to creditors until Q1 2019, hence diminishing the anticipated “waves of selling” that was thought to take place.

Related Article: Bitcoin, Ethereum Slide Back into Red as Market Reacts to Japanese Regulation, South Korean Tax Confusion

Most notably, Kelly brought perspective back to the cryptocurrency scene by reminding viewers and investors that the price of Bitcoin, although down from its December 2017 peak, is still up over 150% from a year ago.

The downtrend in prices seems to be working inversely with developing cryptocurrency regulation and growing institutional investor interest.

It’s evident that major financial firms, such as Goldman Sachs and Intercontinental Exchange, are entering the cryptocurrency sector readily now more than ever before.

The post CNBC’s Brian Kelly: ‘Bitcoin Will Resurrect’ appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67144.26 (+0.04%)
Объем 24H $15.875b
Изменеия 24h: 0.43 %, 7d: 10.10 %
Cегодня L: $66856.94 - H: $67251.24
Капитализация $1322.76b Rank 1
Доступно / Всего 19.7m BTC / 21m BTC

bitcoin june cnbc kelly brian resurrect below

Источник: cryptoslate.com

bitcoin june → Результатов: 126


Bitcoin Price Drop To $3200 Would Still Continue Uptrend, Fundstrat Confirms

The price of Bitcoin may be heading down to $3200, new research has warned — as the first and foremost cryptocurrency fails to find support at its April lows of $6450. The Bigger Picture In a detailed transaction analysis released June 13, Fundstrat Global Advisors concluded that — due to the lack of support — BTC/USD could hit February’s $6900 low before rebounding and subsequently falling further to somewhere between $5000 and $5500.

2018-6-14 13:00


PR: The Masternode Foundation Helps Crypto Investors and Gives Back to Charity

The Masternode Foundation (MANO) is proud to announce that Charity: Water was the most voted non-profit organization by its community and as a result it received a 1 BTC donation. This donation was pledged before MANO’s launch, on June 4th, and the core team asked its community on discord to suggest and vote for their favorite non-profit organization.

2018-6-14 12:30


‘Leonardo da Vinci’ Puts Mona Lisa Painting on the Blockchain

Bitcoin core developer Peter Todd defended Blockchain art startup Verisart against Terence Eden June 13 after claims the company believed he had painted the Mona Lisa. ‘Obvious Fraud’ In a Twitter discussion, Todd alleged Eden, who currently runs Open Standards for the UK Government Digital Service (GDS), “misunderstood what Verisart is” after the company uploaded the famous painting to the Blockchain with Eden as the creator.

2018-6-14 06:00


Фото:

Credit Agencies Look to Downgrade Dealers and the Volume of Bitcoin Futures Increase

The bitcoin futures forerunner, Cboe, had over 8700 contracts for June 11, which indicates the bloodier the markets are, the more futures are being sold. The Three Major Credit Agencies Contemplate Downgrading Businesses Who Clear Bitcoin Futures Unfortunately, because these contract volumes are gradually increasing clearing houses and financial institutions that handle bitcoin futures may

2018-6-13 23:07


Фото:

EU’s European Blockchain Observatory and Forum to Host Blockchain AMA

The European Union (EU) has announced that it will host an online Ask Me Anything (AMA) session on June 18, 2018, at 6 p. m. CEST. The event, organized and hosted by the European Blockchain Observatory and Forum of the EU, will last for 90 minutes and cover blockchain technologies with in-depth explanations, interactive discussions with panelists and public questions answered live.

2018-6-13 20:42


Binance добавит торговые пары с ETC через месяц

Крупнейшая криптовалютная биржа Binance вслед за Coinbace добавит в листинг Ethereum Classic. Сегодня в Твиттере компании появилось сообщение о том, что ровно через месяц, 12 июля, пользователям станут доступны торговые пары ETC/BNB и ETC/USDT.

2018-6-14 16:10


Фото:

Switzerland Vetoes ‘Sovereign Money’ Ballot Which Analysts Correlate to Bitcoin

Switzerland voted against the so-called “sovereign money” referendum Sunday, June 10 – a proposal for a financial system that multiple commentators have compared to cryptocurrency. Sovereign money is an initiative that would give the country’s central bank sole control over creating money, instead of continuing to allow commercial banks to “create” money for credit and

2018-6-11 22:08


Фото:

Markets Update: Crypto Prices Take a Weekend Beating

Cryptocurrency markets are suffering from deep losses today, on June 10, 2018, as most digital assets are seeing 24-hour declines between 9 and 25 percent. The number one position, held by Bitcoin Core (BTC), dropped more than a $1,000 just a few hours ago, from $7,600 to $6,600, but prices have rebounded back to $6,787 […] The post Markets Update: Crypto Prices Take a Weekend Beating appeared first on Bitcoin News.

2018-6-11 02:00

дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Falters but Fundamentals Remain Intact

The bitcoin price may be down 15% on the week, but one high-profile crypto investor is focused on fundamentals and says the bottom could be in. The post Bitcoin Price Falters but Fundamentals Remain Intact appeared first on CCN.com

You Had Better Buy Bitcoin Right Now – CNBC’s Brian Kelly

Of late, there have been a lot of cryptoanalysts and Bitcoin fans voicing their opinions in favor of a bull run. Most of them have opined that a Bitcoin bull run is imminent between 2019 and 2020 especially because the Bitcoin network is getting a block reward reduction (halvening) in May 2020.

4 Reasons to Be Bullish on Bitcoin and Altcoins, According to Brian Kelly

Since bursting out of its rising wedge formation on April 2, the big question on everyone’s mind is: Has Bitcoin bottomed? CNBC’s resident Bitcoin expert, Brian Kelly, thinks so.   The founder & CEO of BKCM LLC, a digital currency investment firm, stated his opinion on Bitcoin’s recent surge this week on CNBC Fast Money — claiming that he believes this Bitcoin revival is real.

Brian Kelly Predicts Bitcoin Bull Run on the Cards

Bitcoin Bull run is on the cards says Brian Kelly, CNBC-analyst, as he reviewed the rebound the coin has posted in the past 24-hours. Nearly all of the assets posted gains higher than 6-7% with prices of bitcoin breaching $6,400 and looked to head upwards.