Archive | cnbc fast money

BitGo CEO: Bitcoin Needs Fresh Capital, Wall Street is Coming in

In a development that flew under the radar of most, an American blockchain startup has just received the go-ahead from a U.S. state regulator to establish a digital asset custody product. The firm’s CEO then took to CNBC to convey details about this product and what it means for this budding industry. The BitGo Crypto… […]

Goldman May Be Out For Now, But Wall Street Still Wants Crypto

As the crypto market continues establishes new year-to-date lows, some claim that the arrival of institutional investors is the only catalyst that will be able to push prices in a positive direction. And although the climate around institutional interest suffered a slight setback on Wednesday, optimists believe that Wall Street isn’t over Bitcoin just yet. Goldman… […]

Genesis Trading CEO: Bears Are Running Out of Steam, Bitcoin at $10,000 is Likely

The usual suspects seem to be back at the Bitcoin game once again, with CNBC Fast Money hosting yet another guest to speculate on the future price action of the ever so volatile crypto market. “We Are More Likely To See 10k, Than 5k” On Wednesday, CNBC Fast Money, which covers the crypto industry on… […]

Litecoin Founder: Dollar-Cost Average In, Accumulate Crypto Now

While crypto prices may have ostensibly kicked the bucket, there are some optimists who have done their best to disregard prices, focusing on the adoption and development of this space instead. Charlie Lee: Long-Term Price Of A Crypto Indicates Levels of Success Ever since Bitcoin’s mind-boggling run, from $1,000 to $20,000 and subsequent decline, CNBC’s “Fast… […]

Permabull Tom Lee: Bitcoin Price at $20,000 Still Possible By The End Of 2018

When it comes to Bitcoin bulls, there isn’t anyone who is as optimistic as Fundstrat’s Tom Lee. And with a recent appearance on CNBC, Lee has only cemented this theme, drawing attention to indicators that could indicate that Bitcoin bears are losing steam. Fundstrat Analyst Remains Bullish, Even After Eight Months Of Bearish Price Action… […]

Brian Kelly: A Bitcoin ETF Could Spark A “Nice Rally”

The seemingly never-ending Bitcoin ETF saga has continued, with a recent regulatory development recently sparking discussion within the cryptosphere. The Bitcoin ETF Debacle Continues As reported by NewsBTC, on August 22nd, the SEC came out to issue orders of denial for nine ETF proposals from ProShares, Direxion, and GraniteShares. Elaborating on the reasoning behind the verdict,… […]

Arthur Hayes’ $5,000 Prediction Draws Ever Closer As Market Drops

Cryptocurrency price predictions have become as plentiful as trees in a forest, but many never come to fruition. Nonetheless, with the crypto market’s move lower, some have begun to believe that Arthur Hayes’ $5k prediction could be in store for Bitcoin. From $5k To $50k — Arthur Hayes’ Extreme Bitcoin Prediction Arthur Hayes, the CEO… […]

Crypto Prices Have Nosedived, But There Could Be a Silver Lining

Monday hailed in one of the worst days the crypto market has ever seen, with Bitcoin posting a loss of 6%, while altcoins fell even further. However, not all investors are worried, as some see that this nosedive is just another part of the tumultuous cryptocurrency cycle. CoinShares Executive: The Narrative Around Crypto Is Hard… […]

Pantera CEO: Investors Overreacting to SEC Delay on ETF

Crypto hedge fund Pantera Capital’s CEO Dan Morehead has said that investors have been pushed into a state of panic by the SEC’s delayed decision on Bitcoin exchange-traded funds (ETFs). Morehead said on Wednesday’s CNBC “Fast Money” that ETF wasn’t imminent, a view shared a week prior on the same show by Brian Kelly, who […]

Pantera Capital CEO: Bitcoin Traders “Overreacted” To SEC News

Following the SEC’s recent announcement regarding the VanEck and SolidX ETF, the cryptocurrency industry saw a substantial pullback. However, some industry leaders are confident that Bitcoin will shake off this drop soon enough. Pantera Capital CEO Calls The Market Drawback An “Overreaction” As it stands, the market has established a new year-to-date low, with the… […]

Market Plummets But Hope Isn’t Lost Yet for Bitcoin

Bitcoin fell by over $500 today as a result of an SEC announcement, which formally delayed the verdict regarding the VanEck-backed ETF for 45 days. While things may be beginning to look bearish for this early-stage market, many remain hopeful when taking a mid to long-term outlook on this nascent industry. Market Tumbles To Yearly Lows… […]

Tom Lee: “Bitcoin Is The Best House In A Tough Neighborhood”

Tom Lee, often regarded as Wall Street’s foremost Bitcoin permabull, recently made an appearance on CNBC “Fast Money” to outline why Bitcoin could still see further upside. Market Dominance Reflects Bitcoin Bulls On Monday afternoon, Tom Lee, the Head of Research at Fundstrat Global Advisors, highlighted the importance of Bitcoin’s dominance figure for CNBC viewers…. […]

“Crypto King”: The Winklevoss ETF Rejection Wasn’t Bad For Bitcoin

While yesterday’s pullback of Bitcoin’s price may have irked more than a few investors, many industry leaders remain bullish on the price of crypto assets, including Wall Street’s “Crypto King.” Bitcoin Holding At $6,800 and $7,500 Is A Bullish Sign Bart Smith, Susquehanna’s head of digital assets, recently revealed that he doesn’t see the Winklevoss… […]

Bitwise CEO Still Hopeful For New Multi-Faceted Crypto ETF

Despite the disappointing verdict for the proposal of the Winklevoss Twins’ Bitcoin-centric ETF, crypto experts still hope that regulators will begin to change their outlook on this emerging industry. BitWise Enters Crypto ETF Race With A Crypto Index Proposal Last week, Bitwise, a San Francisco-based asset management firm, filed a proposition to the SEC, looking to launch… […]