Rising Brian Kelly of Fast Money at CNBC said today that Bitcoin profits could last for an entire year after being cut in two, which is what many Crypto Twitter contributors immediately saw as an important selling signal.
In a November 12 interview on CNBC, Kelly said he visited Melissa Lee, and the increase in the number of well-known investors and institutions switching to Bitcoin (BTC) could mean an optimistic future for cryptocurrencies. When asked about the price prediction, he said instead:
There are many opportunities for growth. Most profits come within a year after they were cut in half, and we’ve gone through seven months after that, and Bitcoin is doing what it should. ”
“So it could be another five months of good growth here,” Lee concluded.
Instead of encouraging broad coverage and predictions of bullish prices, Twitter users were quick to joke that this meant the bullshit is over, following a topic that has been circulating among bitcoins since 2017: Always do the opposite of what CNBC suggests.
“If these two ask people to invest, it is time to sell,” said Twitter user MrDecentralized.
“This is the death of Bitcoin,” Crypto Emporium said. “It was fun while it lasted. $ 3,000, here we go. Blockroots founder Josh Rajer pleaded with CNBC:” Remove this TEAR. Others expressed their thoughts in memes, responding to three words such as “top inside,” and dismissing the notion that “free travel” had ended.
Several CNBC crypto asset predictions over the years have proven less reliable. In March 2018, when Bitcoin fell below $ 10,000, the network tweeted that it was a “buy token” for the crypto asset. In April, the Bitcoin price fell below $ 7,000.
At time of publication, BTC was valued at $ 16,430, up 4.9% in the past 24 hours.