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CNBC lately enlightened the imminent halving and made an intrepid forecast claiming that Bitcoin’s price might increase shortly. The recent price increase of Bitcoin, the overall increase in cryptocurrency market capitalization, and the imminent halving have brought back the mainstream media attention.
On Friday, CNBC Fast Money covered Bitcoin, following the recent price rise. Brian Kelly, a cryptocurrency-friendly contributor, expressed his stance on the present situation and elucidated the halving event.
He said,
“As the whole world is quantitative easing (QE), Bitcoin is about to be quantitative hardening. In the past, this has been a catalyst for very big run-ups. We’ve had a tremendous run-up coming into this; it’s got some wood to chop around $9,000.”
Bitcoin, and the majority of the digital asset market, was excessively reported by numerous traditional media outlets during the parabolic price upsurge in the last few months of 2017. In the ensuing months, BTC lost around eighty five percent of its all-time high value.
In any case, mass media does fetch consideration to the cryptocurrency market. Nevertheless, it is still disputed if that’s the specific consideration it requires. Just a couple of months ago in February, BTC was again in CNBC’s spotlight. Subsequent to that, there was an enormous sell-off taking its price down to thirty-six hundred USD over a period of 24 hours.
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