CNBC Airs Mock Funeral for Bitcoin, Bullish Analyst Interrupts Eulogy
After taking another beating this week, Bitcoin currently stands at $6,132 on CoinMarketCap.
The latest drop happened yesterday, with news that Japan’s Financial Services Agency (FSA) ordered a number of exchanges to tighten security after a series of hacks.
CNBC held a mock funeral for Bitcoin and cryptocurrency, offering its condolences to bullish Fundstrat analyst Tom Lee, Bitcoin Cash supporter Roger Ver, Ripple CEO Brad Garlinghouse and “all 500 Ethereum co-founders.”
But CNBC analyst Brian Kelly was having none of it, offering three reasons why he’s still bullish on Bitcoin.