Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

CNBC Head Over Heels for Bitcoin (BTC) After 44% Surge in Early 2020 – Is It a Bad Sign for Crypto?

by Daily Hodl Staff
February 13, 2020
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

CNBC is apparently infatuated with Bitcoin following its big surge at the start of the new year.

On a new episode of Fast Money, panelists took turns making the bullish case for Bitcoin. In less than two minutes, the crew said six factors are now in Bitcoin’s favor.

  • Similarities between gold and Bitcoin
  • The potential of institutional money to enter the market
  • Central banks exploring blockchain platforms and digital currencies
  • Weak hands gone from the market, leaving only the most committed holders
  • BTC as a safe-haven asset driven by the coronavirus outbreak
  • Central bank policies creating a demand for Bitcoin

Perhaps the most optimistic portion of the segment was when prominent trader and CNBC regular Guy Adami refers to Bitcoin as the victor in a world of fiat currency.

“I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor.”

With BTC currently reaching above the $10,000 level once again, CNBC’s Tim Seymour says the market has been whittled down to traders who refuse to sell.

“I think what’s different is, first of all, you’ve shaken a lot of weak players. You’ve shaken a lot of momentum. You’ve certainly gotten further down the road in terms of institutional follow-through. You certainly had major banks in the world talk about their own blockchain platforms. You’ve had a dynamic. Money is becoming freer than free. Gold has been rallying. Why shouldn’t Bitcoin be rallying?”

Fellow CNBC panelist Karen Finerman says central banking monetary policies are also fueling the rise of BTC.

“All the central banks are going nuts. I mean, that’s a part of the bull case for Bitcoin. Plus institutional interest as well.”

This isn’t the first time CNBC has touted Bitcoin, and crypto traders are often skeptical whenever the financial network gets bullish on the market.

According to trader Jacob Canfield, CNBC has a history of turning bullish on crypto just before the market takes a nosedive. Back in 2018, he released a study showing CNBC’s tweets are often a strong counter-indicator of where the markets are heading.

Bitcoin's back above $10K, what's different this time around? $BTC pic.twitter.com/FiWU4AIDmE

— CNBC's Fast Money (@CNBCFastMoney) February 11, 2020



Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • QuiverX to Integrate Chainlink Proof of Reserve To Power Transparent, Decentralized Crowdfunding
    January 15, 2021
  • The Online Family Office and High Net Worth Blockchain Conference
    December 22, 2020
  • How Blockchain Empowers Wuhan’s Digital Economy Growth – World Blockchain Conference
    December 14, 2020
  • SnapEx Adds LINK, BNB and TRX Alongside Sign-Up Bonus on a Sleek New App
    December 11, 2020
  • What’s the Role of Bots in Crypto Trading?
    December 3, 2020
Submit a Guest Post
Bitcoin
$35,269.00
$35,269.00
0.14%
Ethereum
$1,205.42
$1,205.42
0.38%
XRP
$0.274232
$0.274232
1.02%
Litecoin
$140.00
$140.00
0.86%
Bitcoin Cash
$473.65
$473.65
0%

Spotlight

  • Goldman Sachs Economist Says Bitcoin Is Maturing, Details How Much Institutional Money Has Entered the Market
    January 13, 2021
  • Four Crypto Assets Surge More Than 400% in Just One Month As Alt Season Roars
    January 17, 2021
  • Institutional Rocket Fuel Could Soon Boost Ethereum, Says Macro Investor Dan Tapiero
    January 10, 2021
  • Bitcoin Could Rise Above $300,000 This Year, According to On-Chain Analyst Willy Woo
    January 14, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2020 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.