Bitcoin Falling Again, but Only Temporary Says Investor

Written by:
Guest
Published on:
Aug/02/2018

Bitcoin had fallen to 7,540.00 USD Wednesday following a rise above the $8,000 mark over the weekend.

Have no fear, one investor said on CNBC Wednesday morning.

"[Bitcoin has] had a pretty good run from $5,800 up to $8,300, $8,400 or so," said CNBC "Fast Money" trader Brian Kelly of Brian Kelly Capital. "So while it might seem crazy to the legacy markets and the bitcoin world, this is just a normal correction.

"I think this is a good environment," Kelly said. "I think the holdup is structural within the ecosystem. It's just not quite ready for prime time yet."

Watch below

Bitcoin falls back below $8K, but here's why you should buy now from CNBC.

video News

Packers-Bears Week 15 Betting Prediction, Video Preview

Packers-Bears Week 15 Betting Prediction, Video Preview

You can bet the Packers-Bears Week 15 game online.  We have your video preview

Bet the Patriots-Steelers Game - Prediction, Video Preview

Bet the Patriots-Steelers Game - Prediction, Video Preview

You can bet the Patriots-Steelers critical Week 15 game online with both teams very much in the Playoff hunt.

Tony George Docs Happy Hour - Talks Everything You Need to Know About Upcoming Games

Tony George of Docs Sports Video Podcast - Doc's Happy Hour (with free picks galore). 

Sunday Night Football Betting Odds - Rams vs. Bears

This week's Sunday Night Football matchup promises to be among the best of the season with the Rams taking on the Bears.

Bet the SNF Game Between the Chargers and Steelers

Bet the SNF Game Between the Chargers and Steelers

You can bet the Chargers vs. Steelers game Sunday night with Pittsburgh a -3.5 favorite.

Syndicate