Bitcoin is dying. Anyone who’s been around crypto for more than a few years won’t have heard that for the first time. Recently CNBC’s Fast Money segment held a mock funeral for Bitcoin. As the longest bear market in the history of cryptocurrency continues, the ironically titled business show proclaimed the end of Bitcoin.
There has been no shortage of crypto positive price predictions from guests of the show, particularly influential heavyweights like Galaxy Digital’s Mike Novogratz and Fundstrat’s Tom Lee. Yet another declaration of Bitcoins death arrives as traditional US markets like the S&P 500 inch closer to new all-time highs.
Getting Some Perspective
To their credit, the CNBC show transitioned to bull Brian Kelly who argued the case for the king of crypto. Fortunately, Kelly has done his homework on Bitcoin. This isn’t the first time the market has seen such drastic declines. Kelly went on to explain, “You know when that Bitcoin bug came on, that was just around the highs. So when we start to declare a…