Brian Kelly, CNBC’s fast money booster, said today that the benefits of Bitcoin could extend to a full year after half – which was immediately taken by many members of Crypto Twitter as a major selling signal.
In a November 12 interview with CNBC, Kelly Said Investors moving toward high-profile, and institutional, Bitcoin (BTC) to host Melissa Lee could mean a bullish future for cryptocurrency. Asked for a price forecast, he said:
“There is a lot of scope for upside. Most of the benefits that come are the years after the downturn, and we’re seven months after that year, and Bitcoin is doing what it should. “
Lee concludes: “So there may be more side blinds here, there may be five more months.”
Instead of enjoying mainstream coverage and bullish price predictions, Twitter users joked that this meant the bull run was over, a theme that has been circulating in Bitcoins since 2017: Always do the opposite of CNBC’s suggestions.
Bitcoin bounces back! Cryptocurrency broke above $ 16,000 for the first time since 2018 as investors bounced back into the trade. Bitcoin baler BKBrianKelly Let’s see what triggers the boom pic.twitter.com/6cUegXrhPW
– CNBC Fast Money (@ CNBCFastMoney) November 12, 2020
“If these two people are asked to invest, then we have time to sell.” Said Twitter user MrDecentralized.
“The death of this bitcoin is death,” Said Crypto Emporium. “It simply came to our notice then. $ 3k We come here. Josh Rager, founder of Blockroots Inspired CNBC on: “Leave this tweet.” Others expressed their thoughts in memes, such as a response to three words like “is in the top” – and a denial that “free ride” is over.
Many CNBC predictions on crypto assets have proven to be less than reliable over the years. In March 2018, after Bitcoin fell below $ 10,000, the network Tweeted It was a “buy sign” for crypto assets. Bitcoin then fell below $ 7,000 by April.
At the time of release, the price of BTC is 16,430, up 4.9% in the last 24 hours.
