2 counterarguments for CNBC’s Brian Kelly who sees a $19K Bitcoin top
CNBC “Fast Money” host Brian Kelly names three factors that could potentially cause a Bitcoin pullback to occur. CNBC Fast Money trader Brian Kelly sees three potential signs of a price top as Bitcoin (BTC) hits $19,000. Both fundamental and technical factors suggest a pullback could be imminent as the rally becomes overextended.BTC/USDT 1-hour chart (Binance). Source: TradingView.comKelly named three reasons why a short-term Bitcoin pullback might occur. The reasons were the pump of altcoins, overpriced address growth and high funding rates. On Nov. 25, he said on CNBC:“I’m still a....
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Fund manager Brian Kelly says that the market is mispricing bitcoin and “when bitcoin gets that mispriced it is the sign of the bottom.” He sees a string of “all positive things” that are reflected in the pricing of the cryptocurrency. Asset Manager Brian Kelly Says Market Is Mispricing Bitcoin Brian Kelly, the founder and CEO of digital currency investment firm BKCM LLC, was asked about where he sees the price of bitcoin heading in an interview with CNBC on Tuesday. Kelly manages the BKCM Digital Asset Fund and the REX BKCM Blockchain ETF (NYSE: BKC). He authored....
Here is Bitcoinist’s coverage of the afternoon and evening sessions of the Inside Bitcoins day 2 coverage! After the lunch break, Brian Kelly, contributor for CNBC’s Fast Money, Founder and Managing Member ofBrian Kelly Capital LLC, and author of The Bitcoin Big Bang, took take the stage to talk about investing in Bitcoin and start-ups in the Bitcoin world. According to Kelly, Bitcoin is a payment system, a method for transferring value and information, and a tool for clearing and settlement.
CNBC ran an article earlier this week announcing that the Greek Island of Agistri will test Brian Kelly's Nautiluscoin. The tumultuous economic environment in Greece provides the opportune climate to deploy a new altcoin, Kelly argues. The CNBC article is a highlight reel for Nautiluscoin. It never mentions the serious challenges any altcoin faces, or that a rapid large scale deployment of a virtually unknown cryptocurrency is a pipe dream. That makes a lot more sense though, when you realize Brian Kelly is the article's author. What is Nautiluscoin? Nautiluscoin was first heralded in a....
According to Brian Kelly, CNBC contributor and author of the book "The BitcoinBig Bang". "Bitcoin is the most important innovation in the history of money." This is a huge statement considering that, for many, the bitcoin is nothing more than a speculative fraud. The power of the bitcoin lies in its technology. In an interview given to Entrepreneur, Brian Kelly made it clear that the power of the bitcoin lies in its revolutionary technology, which can effectively support the financial system. With the blockchain technology, the bitcoin transactions are allowed between two anonymous parties....
The investor and writer who once proclaimed Bitcoin as nothing more than Tulipmania 2.0 is releasing a new book on Bitcoin titled"The Bitcoin Big Bang." Brian Kelly has been appearing on shows and writing articles for CNBC on Bitcoin. Granted, when he appeared on CNBC's Fast Money his excitement over Bitcoin was not motivated by the technology, or potential to shape the world. Rather, the opportunity to cash in on inexperienced, speculative investors. Kelly now calls himself a "creator of a digital currency" that has watched the industry mature from a "from a terrible toddler with a....