By CCN Markets: The bitcoin price might have broken back above the $10,000 level today, but one notable trader isn’t impressed. Speaking on CNBC, crypto investor Brian Kelly, who is usually the biggest bitcoin bull in the room, made it clear that he has turned bearish on BTC/USD despite its recent bounce. Longer-term, however, Kelly still believes there is a “generational buying opportunity”...
As U.S. lawmakers wrestle with what to do with Facebook's Libra, they are being forced to confront another digital currency that they've been trying to avoid like the plague – bitcoin. Unfortunately, the longer lawmakers wait, the more left behind the U.S. becomes as crypto innovation goes elsewhere. Even Facebook chose Switzerland for its Libra coin. Many thanks to Chair @RepMaxineWaters...
By CCN: Now that the bitcoin price is holding at the $8,000 level, investors are anxiously awaiting what comes next. Bitcoin's value has expanded by 50% over the last 30 days, but the bulls are currently taking a breather and momentum appears to have stalled. Crypto fund manager Brian Kelly on CNBC provided some anecdotal evidence that the bitcoin price is only getting started, not the least of...
Pay no attention to today's pullback in the crypto markets. With the bitcoin price expanding as much as 30% in April so far to hover above the $5,000 level, it's brought out the perma-bulls. Crypto fund manager Brian Kelly is among them. Now that bitcoin is seemingly back from the abyss, he is no worse for the wear from the crypto winter. In fact, he's returned with his boldest prediction yet ...
The crypto bulls are out in full force, and price predictions are back. Crypto trader Brian Kelly has consistently stuck up for bitcoin, even during the market downturn. Now BTC is returning the favor with today's double-digit percentage rally. Kelly has taken his cue, telling CNBC that the $6,000 to $6,500 range is the new resistance and that's exactly where the bitcoin price is headed:...
Cryptocurrency investor Brian Kelly believes that the decision to drop bitcoin futures by the Chicago Board Options Exchange (CBOE) represents a watershed in the history of bitcoin, signaling that the crypto market's longest-ever decline has finally found a bottom. BKCM Founder: CBOE Exit Shows Bitcoin Bear Market is 'Exhausted' Speaking on Tuesday's edition of CNBC Fast Money, the BKCM Digital...
For the first time in three months, Bitcoin initiated its first major move. Unfortunately, for investors in the crypto market, BTC plunged by more than 11 percent, engaging in one of the most intense sell-offs in a 24-hour period in all of 2018. Bitcoin Price Tumbles On CNBC Fast Money, BKCM founder and CEO Brian Kelly stated that the recent drop of BTC and the rest of the crypto market could be...
Gold has been the global store of value for thousands of years, but one cryptocurrency-focused venture capitalist thinks bitcoin will eventually capture that mantle. Lou Kerner, co-founder of CryptoOracle, which provides cryptocurrency advisory services and operates a venture fund focusing on decentralized technologies, believes bitcoin offers something “much, much better” and will take gold’s...
CNBC Fast Money contributor and BKCM CEO Brian Kelly has firmly emphasized that while bitcoin has seen a massive decline in price over the last 24 hours, investors selling the dominant cryptocurrency based on the delay of SEC in approving the first bitcoin ETF are doing it wrong. Bitcoin Drops 12% While EOS, Bitcoin Cash and Other Tank 20%+ Over the last 48 hours, the crypto market lost $29...
The cryptocurrency industry has been highly anticipating the debut of a bitcoin exchange-traded fund (ETF) by the end of 2018. But, some analysts believe it will not arrive until next year. Potential Impact of a Bitcoin ETF As a publicly-traded instrument, a bitcoin ETF has the ability to open a floodgate of capital from retail traders and individual accredited investors in the US public market...
Bitcoin’s summer rally is here to stay, according to Brian Kelly, a regular contributor on CNBC’s Fast Money. The bitcoin price is now trading over $8,000, a figure unseen since late May, and CNBC correspondent Bob Pisani began the segment noting that some of the gains could be attributed to CBOE’s reapplication of a bitcoin ETF. Since the SEC normally takes 45 days to make a decision, many are...
The ongoing bitcoin price recovery might be short-lived and prices may suffer another retracement, but falling prices will be temporary and bitcoin remains a solid investment in the near-term. This was the investment opinion of Blockchain Capital partner Spencer Bogart, speaking to Melissa Lee on CNBC's "Fast Money" this week. The venture capitalist, who has consistently maintained that bitcoin...
Cryptocurrency portfolio manager Brian Kelly has been touting Bitcoin Cash for weeks, and now he's doubling down on his bullish call. Bitcoin Cash outperformed other leading digital currencies, the latter of which have taken it on the chin in recent weeks. The Bitcoin Cash price advanced 6% over the last month compared to declines of 5%, 9% and 11% for bitcoin, Litecoin and Ripple, respectively...
DataTrek Research’s co-founder Nick Colas won’t recommend bitcoin to investors even though the bitcoin price has been rallying of late. Colas, a Wall Street veteran with experience in equity research, money management and investment banking, stated in a recent CNBC interview that bitcoin's price has come down “quite a long way and we’re getting a lot of people asking is now the right time to buy...
With all of the attention on the movements in the bitcoin price, now could be the time to get your hands on BTC spinoff Bitcoin Cash, one trader says. Brian Kelly, founder of Investment firm BKCM, tells CNBC the technical signs including a possible breakout are pointing to an opportunity in Bitcoin Cash (BCH). Investors apparently taking his advice, with the No. 4 cryptocurrency by market cap...
The bitcoin price is headed for the stratosphere. The bitcoin forecasts have been pouring in from seasoned investors and strategists like Tim Draper and Thomas Lee, each with a bullish price attached. Now Brian Kelly, founder and CEO of digital assets investment fund BKCM LLC, is joining the chorus, suggesting that bitcoin could set a new record in the short-term. Kelly predicts that with a...
Go home WannaCry. Bitcoin price smashed through the $1,900 mark for the first time today, reaching a record high of $1,967.79 in the morning. Progress on the scalability front and political uncertainty impacting global currencies keep driving bitcoin forward. Bitcoin’s market cap reached $32.161 billion today, moving $989.952 million in a 24-hour period with a circulating supply of 16,339112 BTC...
Bitcoin hit a new record high approaching $1,500 Tuesday, driven by global trading activity. The price was $1,474.01 as of Wednesday morning, according to Bitstamp. The cryptocurrency has risen nearly 7 percent in the first two days of May. A jump in global trading volume, particularly from Japan and the Japan-based bitFlyer exchange is fuelling the surge, according to CNBC. Statistics indicated...
Bitcoin advocate Brian Kelly, a financial markets commentator who sees bitcoin surpassing gold in value, debated Peter Schiff, CEO of Euro Pacific Capital on CNBC's Fast Money. “Bitcoin is not just digital gold,” Kelly said. “It’s a technology platform that fintech is being built on top of. It is a once-in-a-generation investment opportunity similar to the Internet, growing just as fast if not...
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...
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...