BITCOIN ISN'T DEAD
THE CURRENT BEAR MARKET HAS MANY INVESTORS CONCERNED THAT CRYPTO IS
OVER. CNBC'S FAST MONEY HOST BRIAN KELLY, BELIEVE'S THAT WE ARE FROM OVER AS KELLY BELIEVES THE MARKET WILL REACH A BOTTOM SOON & REBOUND.
Kelly pointed out that the market sentiment is "approaching lows," implying that a trend reversal is likely to follow. Kelly called attention to the fact that bitcoin is still trading at the same level as back in november 2017, whereas a year ago its value was 60 percent lower - around $ 2,500. Next, Kelly mentioned the recent news that japan's Financial Services Agency has sent out
business improvement orders to 6 domestic exchanges. He pointed out that while in the short run it's going to be "a little tough," in the long run it will help make the
exchanges more "robust."
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