Category: CNBC



‘Chartmaster’ Expects BTC Price to Tap $29K, Delta Exchange CEO Says ‘Bitcoin Hasn’t Found a Floor Yet’


'Chartmaster' Expects BTC Price to Tap $29K, Delta Exchange CEO Says 'Bitcoin Hasn't Found a Floor Yet'The price of bitcoin has dropped to a new low for the month of May, sliding to $42,100 per unit during Monday evening’s trading sessions. While a few analysts see bitcoin rebounding and gathering new highs in the coming weeks, a few crypto market strategists believe bitcoin prices could sink much lower than today’s current […]




Jim Cramer cashes out half his ‘phoney money’ Bitcoin to pay off mortgage


CNBC host Jim Cramer says he’s “won,” cashing out half of his Bitcoin portfolio to pay off his mortgage, stating that it’s “phoney money paying for real money.”

Business TV personality and converted Bitcoin proponent Jim Cramer has sold half of what he calls his “phoney money” Bitcoin portfolio to pay off his mortgage.

During Thursday’s broadcast of “Squawk on the Street,” co-anchor Jim Cramer revealed that he’s “decided to become an apostate,” by selling off half of his Bitcoin holdings to pay off his home. 

Cramer, who also hosts Mad Money, said that he bought a lot of Bitcoin at $12,000 because he thought it was a currency, and finally decided to take profits.

“I know people are going to be angry with me, but I paid off a mortgage yesterday with it.”

“It was like, kind of, phoney money paying for real money,” Cramer laughed. “I now own a house — lock, stock, and barrel — because I bought this currency. I think I won!”

Twitter user “SZ BeatzCoin” likened Cramer selling to the infamous pizza purchase for 10,000 BTC.

Once a Bitcoin critic, Cramer told his CTO to put $500,000 into Bitcoin after speaking to Morgan Creek Digital co-founder Anthony Pompliano in September last year. He even considered putting 1% of his $150 million net worth into the digital asset.

At the time, BTC was hovering between $10,000 and $12,000 but is now sitting at $63,000, up 425% in only six months.

Famous NFL player Russell Okung, called to Pompliano to pull Cramer back onto the straight and narrow:

In December, Cramer said he bought more around the $17,000 price range, although he didn’t reveal how much.

The TV personality returned to Pompliano’s podcast on March 22 to thank-him for the encouragement, explaining that he has since pulled out his initial investment and is now playing “with the house’s money,” and that he’s “never going to touch it.” That obviously hasn't lasted.

Although he didn’t reveal how much his Bitcoin portfolio was worth, according to the cryptocurrency’s performance, it could have been around $2.4 million.

During the brief discussion on “Squawk on the Street” Cramer also reaffirmed his opinions regarding Coinbase’s listing yesterday, stating that a $600 price target for Coinbase’s COIN stock is still right.

“This is all a scarcity, we don’t have any other way for mutual funds to be involved with crypto.”

By investing in Coinbase stock, he added, you not only get crypto but also “honest management.”


Haunted by Past Elon Musk Predictions, Gold Bug Peter Schiff Tears Into Tesla’s BTC Acquisition


After previously claiming that Elon Musk was too smart to buy bitcoin, Euro Pacific Capital CEO Peter Schiff is reacting angrily to reports that Tesla has acquired the cryptocurrency. In a series of tweets on February 8, Schiff now claims that Musk has no interest in bitcoin’s store of value credentials but is only interested […]



Peter Schiff Blames Government for the Massive Dollar Depreciation — Still Refuses to Accept BTC is Digital Gold


Peter Schiff Blames Government for the Massive Dollar Depreciation — Still Refuses to Accept BTC is Digital GoldGold bug and bitcoin opponent Peter Schiff says the U.S. government’s actions in the past 78 years are partly responsible for the massive depreciation of the U.S. dollar. Using a medical bill from 1942 to illustrate the extent of the dollar’s decline, Schiff says the $70 paid to foot hospital expenses that year was equal […]

The post Peter Schiff Blames Government for the Massive Dollar Depreciation — Still Refuses to Accept BTC is Digital Gold appeared first on Bitcoin News.




Peter Schiff Lays Into Grayscale and CNBC, Claims Conspiracy to Pump BTC Value


Euro Pacific Capital CEO Peter Schiff is now training his guns on Grayscale Trust’s GBTC after the validation of his regular anti-bitcoin rhetoric was cut short by a resurgent crypto market. After rapidly falling to around $16,500 on November 26, BTC quickly recovered before it went on to set a new all-time high of $19,864 […]

The post Peter Schiff Lays Into Grayscale and CNBC, Claims Conspiracy to Pump BTC Value appeared first on Bitcoin News.





Is this the top? CNBC tips five months of Bitcoin upside


“This is the death knell of Bitcoin. It was fun whilst it lasted. $3K here we come.”

A bullish Brian Kelly of CNBC’s Fast Money said today that Bitcoin’s gains may extend to a full year after the halving — which many members of Crypto Twitter immediately took as a major sell signal.

In a Nov. 12 interview on CNBC, Kelly said to host Melissa Lee that the surge of high-profile and institutional investors moving toward Bitcoin (BTC) could mean a bullish future for the cryptocurrency. Asked for a price prediction, he instead said:

“There’s a lot of scope for upside. Most of the gains that come are the year after the halvening, and we’re seven months into that year after the halvening, and Bitcoin’s doing what it should do.”

Lee concluded: “So there could be five more months here of pretty good upside.”

Rather than being delighted at mainstream coverage and bullish price predictions, Twitter users were quick to joke that this meant the bull run was over, following the theme that has been circulating among Bitcoiners since 2017: Always do the opposite of what CNBC suggests.

Bitcoin bounces back! The cryptocurrency broke above $16,000 today for the first time since 2018 as investors jumped back into the trade. Bitcoin Baller @BKBrianKelly looks at what could fuel the bullish boom. pic.twitter.com/6cUegXrhPW

— CNBC's Fast Money (@CNBCFastMoney) November 12, 2020

“If these two are telling people to invest, it’s time for us to sell,” said Twitter user “MrDecentralized.”

“This is the death knell of Bitcoin,” said Crypto Emporium. “It was fun whilst it lasted. $3k here we come.” Blockroots founder Josh Rager implored CNBC to: “DELETE THIS TWEET.” Others expressed their thoughts in memes, three-word responses like the “top is in” — and disapproval that the “free ride” was over.

Many CNBC predictions on the crypto asset have proven to be less than reliable over the years. In March 2018, after Bitcoin fell under $10,000, the network tweeted that it was a “buy sign” for the crypto asset. Bitcoin then fell to under $7,000 by April. 

At the time of publication, BTC is priced at $16,430, having risen 4.9% in the last 24 hours.

Source: Reddit






Warren Buffett Slates Bitcoin, Denies Owning Crypto Gifted by Justin Sun


Warren Buffett Slates Bitcoin, Denies Owning Crypto Gifted by Justin Sun“I don’t have any bitcoin. I don’t own any cryptocurrency, I never will … You can’t do anything with it except sell it to somebody else.” So claimed Warren Buffet in an interview this week on CNBC. Over the course of the two-minute segment, the billionaire investor tore into bitcoin’s value proposition, and obliquely threw […]

The post Warren Buffett Slates Bitcoin, Denies Owning Crypto Gifted by Justin Sun appeared first on Bitcoin News.


Chatter Report: Schiff Accuses Kelly of Pump and Dump, Lingham Calls for ‘Real Adoption’


Schiff Accuses Kelly of ‘Pump and Dump’, Lingham Calls for ‘Real Adoption’In our latest roundup of crypto chatter, tensions run high as Peter Schiff accuses Brian Kelly of dumping bitcoin on retail investors. The accusation surfaced after Kelly recently revealed that he is net short on BTC. Also, Vinny Lingham gives great advice to the crypto community on building for the future. Also read: Bitcoin Skeptic […]

The post Chatter Report: Schiff Accuses Kelly of Pump and Dump, Lingham Calls for ‘Real Adoption’ appeared first on Bitcoin News.





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