Cryptocurrencies Take a Beating, but the Bitcoin Bulls are Still Positive

2018-6-26 23:20

CNBC’s Brian Kelly and Litecoin founder Charlie Lee both spoke out last week as Bitcoin fell below $6000 USD.

CNBC’s Fast Money trader and founder of cryptocurrency investment firm BKCM LLC, Brian Kelly, says Bitcoin is “not dead.”

Kelly points out that a year ago the price of Bitcoin was just $2,500 USD and that the current price lows do not mean “the funeral for bitcoin whatsoever.” He says the drop is “painful” and cryptocurrencies are in a bear market, but the lows might be a good thing as cryptocurrency markets adapt to challenges.

The market sentiment “approaching lows” could imply that a trend reversal is imminent. Kelly also points to recent regulatory clampdowns by Japan’s Financial Services Agency creating a tough environment in the short term, but that in the long run it will help make exchanges more “robust.”

Charlie Lee also spoke on Fast Money recently, explaining that cryptocurrency investors can panic when an exchange gets hacked, but that hacks do “not change the fundamentals of crypto assets.”

Lee is hopeful that Bitcoin’s price will recover and reflect the recent technological improvements to the Bitcoin blockchain. His overall reasoning for the current decline was again a bearish sentiment in the market. Lee wouldn’t predict exactly how long he thinks the current bear market will persist.

Despite hitting a low of $5,856 USD on Sunday, today Bitcoin is trading above $6,200 USD giving investors a little reassurance.

The post Cryptocurrencies Take a Beating, but the Bitcoin Bulls are Still Positive appeared first on UNHASHED.

origin »

Bitcoin (BTC) на Currencies.ru

$ 94314.13 (+0.38%)
Объем 24H $57.906b
Изменеия 24h: 0.58 %, 7d: 0.32 %
Cегодня L: $91951.2 - H: $94404.5
Капитализация $1867.77b Rank 1
Доступно / Всего 19.804m BTC / 21m BTC

bitcoin kelly founder out cryptocurrencies brian usd

Источник: unhashed.com

bitcoin kelly → Результатов: 18


Bitcoin Pumping on “Speculation of Capital Flight” as Heightened Activity Coming From the Hotbed of Crypto: Brian Kelly

Bitcoin is used to buying fake ID’s drugs and illicit sex. “I have never done that with Bitcoin,” is Brian Kelly’s response to Bitcoin skeptics. In a recent discussion on CNBC, Brian Kelly, founder & CEO of BKCM LLC, a digital currency investment firm says Bitcoin is finally “traded like a macro kind of asset.” […]

2019-8-9 20:01


Фото:

BTC Bull Run Speculations: Brian Kelly Says Now Is a Good Time to Buy Bitcoin

With Bitcoin surging nearly 50% month-on-month, speculations are rife in the crypto community about the likely causes fueling this rally. While some experts are of the view that the looming US-China trade war might have added to Bitcoin’s charm as a hedge, Brian Kelly, the founder, and CEO of digital currency investment firm BKCM LLC, […] BTC Bull Run Speculations: Brian Kelly Says Now Is a Good Time to Buy Bitcoin was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

2019-5-23 15:39


Фото:

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.

2019-4-11 11:00


Фото:

Still Bullish on Bitcoin Despite Bithumb Hack: Brian Kelly and Charlie Lee Weigh In

Both Brian Kelly and Charlie Lee remain bullish on Bitcoin despite the recent hack of Bithumb, which resulted in the theft of over $31 million worth of cryptocurrencies.   Brian Kelly: Things are Different for Bitcoin This Time Around Earlier this week, South Korean exchange Bithumb – currently the eight largest cryptocurrency exchange by means of trading volumes – was hacked, resulting in the theft of more than $31 million worth of cryptocurrencies.

2018-6-22 09:00


Фото:

Брайан Келли призывает инвестировать в Ethereum

Брайан Келли уверен, что Ethereum является лучшим вариантом для инвестиций по сравнению с Bitcoin. Брайан Келли (Brian Kelly), основатель и главный исполнительный директор инвестиционной фирмы BKCM LLC, специализирующейся на цифровых валютах, рекомендует инвестировать в Ethereum.

2018-6-18 23:20


Фото:

Брайан Келли призвал инвестировать в Ethereum

Основатель и главный исполнительный директор специализирующейся на цифровых валютах инвестиционной фирмы BKCM LLC Брайан Келли (Brian Kelly) рекомендовал инвестировать в Ethereum. По его мнению, нынешнее доминирование bitcoin не означает, что эта криптовалюта останется лидером рынка в будущем.

2018-6-18 23:20


Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

USUAL token price soars after Binance Labs investment

Binance Labs has revealed its investment in the $10 million Series A USUAL funding round. Following the revelation, the USUAL token price has soared by over 20%. Another key player that participated in the funding round is Kraken.

Haven Protocol Token (XHV) crashes after mint exploit

Haven Protocol suffered a mint exploit, with over 500 million XHV tokens minted illicitly, The hack has sent the price of the XHV token down by over 60%. Hacker(s) exploited a vulnerability in the range proof validation code, introduced during the Haven 3.

GRVT becomes world’s first regulated DEX after licensing in Bermuda

GRVT has secured Bermuda’s Class M license, becoming the first regulated DEX globally. GRVT combines 600,000 TPS with compliance, aiming to be the “Goldman Sachs on blockchain. ” GRVT plans global expansion, aligning with MiCA and ADGM for broader regulatory approval.