On CNBC's Fast Money show, the chief executive of investment firm BKCM LLC, Brian Kelly, said that bitcoin's uptrend could last until next year.
In a November 12 interview on CNBC, Kelly told host Melissa Lee that the rise of individual and institutional investors towards bitcoin means a bullish future. long term for this cryptocurrency.
And when asked about how much bitcoin could reach, he said:
“Bitcoin has a lot of room to rise, to be honest, we can't predict where bitcoin will go, 20k? or 30k?… I think bitcoin has a lot of room to move to at this point ”
"In my opinion, bitcoin's bull trend will last for another 5 months," concluded Kelly.
Bitcoin bounces back! The cryptocurrency broke above $ 16,000 today for the first time since 2018 as investors jumped back into the trade. Bitcoin Baller @BKBrianKelly looks at what could fuel the bullish boom. pic.twitter.com/6cUegXrhPW
- CNBC's Fast Money (@CNBCFastMoney) November 12
Immediately after this CNBC interview, many traders joked that every time CNBC invites experts to comment on the next trend of bitcoin, it is like the price of bitcoin a few days later will drop.
There is a saying that traders on twitter always tell each other, that is "do the opposite of what CNBC suggested".
Some comments on twitter:
"Alright, let's be prepared to watch bitcoin draw a long red candle on the chart."
"If you see CNBC tweeting about bitcoin, it's time to signal us to sell now."
The news site 'Crypto Emporium' said: "This is the death knell of Bitcoin, Bitcoin is expected to reach $ 3k right after this tweet by CNBC".
Crypto analyst Josh Rager pleaded with CNBC: "Please delete this tweet".
Over the years, for traders, CNBC's bitcoin trend predictions have been unreliable.
In March 3, for example, after bitcoin fell below $ 2018, CNBC then tweeted that "this is a good time to buy bitcoin". However, a few days later, the price dropped to as much as 10,000 USD.
At the time of writing, Bitcoin price trading at $ 16,289, up 4,78% over the past 24 hours.
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