Is this the top? CNBC advances five months of Bitcoin

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CNBC’s Fast Money optimist Brian Kelly said today that Bitcoin’s gains could extend for up to a year after the halving – which many members of Crypto Twitter immediately took as a sell signal. major.

In a Nov. 12 interview on CNBC, Kelly said to welcome Melissa Lee that the wave of high profile and institutional investors heading to Bitcoin (BTC) could mean an optimistic future for cryptocurrency. Asked about a price prediction, he answered instead:

“There is a lot of room for improvement. Most of the gains that come are the year after the halving, and we’re seven months into this year after the halving, and Bitcoin is doing what it should.

Lee concluded, “So there could be five more months here with some really good benefits.”

Rather than being thrilled with the mainstream coverage and bullish price predictions, Twitter users were quick to joke that this meant the bull run was over, following a theme that has been circulating among Bitcoiners since 2017: Always do. the opposite of what CNBC suggests.

“If these two are telling people to invest, it’s time for us to sell,” said Twitter user MrDecentralized.

“It’s the end of Bitcoin” said Crypto Emporium. “It was fun while it lasted. $ 3,000 here we are. “Blockroots founder Josh Rager implored CNBC at: “DELETE THIS TWEET.” Others expressed their thoughts in memes, three-word responses like “top is in” – and disapproval that the “free ride” was over.

Many CNBC predictions about the crypto asset have proven to be less than reliable over the years. In March 2018, after Bitcoin fell below $ 10,000, the network tweeted that it was a “buy sign” for the crypto asset. Bitcoin then fell below $ 7,000 in April.

At the time of publication, BTC is priced at $ 16,430, having increased 4.9% in the last 24 hours.

Source: Reddit