CNBC Trader Shades Bitcoin With Sarcastic ‘Beanie Baby’ Slam

By CCN Markets: On this day in 1999, TY inc. abruptly ended the sale of Beanie Babies. It marked the end of a wild toy craze that sent the value of some of these toys soaring and made collectors willing to pay thousands of dollars for a single bear. CNBC author and analyst Joshua Brown […]

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‘Bitcoin Bannon’: Trump Ex-Crony Bought Crypto ‘All The Way Down’

It’s true that President Donald Trump and Steve Bannon are no longer thick as thieves following the former White House Chief Strategist’s less-than-illustrious exit from the administration. However, Bannon remains a staunch supporter of the Trump agenda, with one glaring exception: The architect of the 2016 Trump presidential campaign is a brazen bitcoin bull. Steve […]

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Watch: CNBC Host Makes Persuasive Case for 500% Bitcoin Price Surge

In a clear sign of improving comprehension about the fundamentals driving the bitcoin price, newly minted “friend of crypto” Joe Kernen just made a convincing case on national television that the cryptocurrency could surge nearly 500 percent by next May. Citing the upcoming halving in 2020, the CNBC Squawk Box host noted the possibility of […]

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Mnuchin Shades Bitcoin, Pinky-Swears He’s Not Loading Up

Bitcoin will never, ever become a part of US Treasury Secretary Steven Mnuchin’s investment portfolio. The former hedge fund manager expressed his distrust of the cryptocurrency in a new interview clip released by CNBC, in which he assures the network that he won’t be talking about bitcoin six years from now. He also pinky-sweared that he […]

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Better Than Bitcoin? 2019’s Top Stock Has Serious Flaws

According to CNBC, only one stock in any major index has outperformed Bitcoin in 2019. Praised as "better than Bitcoin," Ohio-based ATM manufacturer Diebold Nixdorf (NYSE: DBD) shares have rocketed 250% this year to claim the title of 2019's best-performing asset. Barely. The Bitcoin price has surged more than 200% this year, even after dropping […]

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Dow Shivers Paralyzed with ‘Screaming’ Stock Market Warning Signs

Dow Jones futures were paralyzed in early trading Tuesday as major warning signs flashed across the broader stock market. The market is in the bizarre position where all asset classes are firing on full power. The Dow and S&P 500 are at or near all-time highs. At the same time, defensive assets like gold, bonds, yen, and even bitcoin pound higher. This isn’t a market in equilibrium and something has got to break. Dow trades flat ahead of G20 meeting Dow Jones Industrial Average futures traded flat on Tuesday morning, extending Monday’s sideways movement. At 7.08 am EST, DJIA futures

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CNBC’s Joe Kernen Wins Over Crypto Millennials by Bashing Facebook’s Libra

By CCN Markets: Bitcoin’s resurrection this year is making believers of even the staunchest of anti-crypto personalities. Joe Kernen of CNBC, who has previously likened bitcoin to Tulip Mania, appears to have finally bought into the blockchain value argument. In a move that that has unanimously won over millennials Crypto Twitter, he also ripped Facebook’s fiat-based Libra as “making no sense.” Did @JoeSquawk suddenly become a Bitcoin believer? #btc pic.twitter.com/u0pMTTwNhp — Squawk Box (@SquawkCNBC) June 20, 2019 Bitcoin Joe Slays Libra Facebook’s foray into crypto has given bitcoin some free publicity and held its strengths up to the light. What

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Wall Street’s Bitcoin King Defends Crypto Against CNBC FUD

By CCN: CNBC in a recent interview shot a string of arrows seemingly to burst the so-called bitcoin price bubble. Nonetheless, the cryptocurrency emerged unharmed thanks to Bart Smith. The digital asset head of Susquehanna International Group, a Pennsylvania-based trading firm, appeared on Squawk Box to discuss what possibly drove bitcoin up 145% year-to-date. While admitting that it was difficult to narrow down a price rally into specific factors, Smith hinted that the root of bitcoin’s exceptional performance in 2019 maximally lied in one thing: optimism. He said: “There is a tremendous amount of optimism about US brokerages — particularly

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This Painfully Boring CNBC Crypto Debate Is Bullish as Hell for Bitcoin

By CCN: If you’re looking for reasons behind bitcoin’s recent price surge, this video tells the whole story. Because it’s so completely dull. Has bitcoin gone too far, too fast? Here's how two traders are thinking about bitcoin futures. via @CNBCFuturesNow https://t.co/StSHvYGYD9 pic.twitter.com/aHKgt62GNe — CNBC (@CNBC) May 22, 2019 The two established analysts with decades of trading experience talk about bitcoin with maturity and logic. They make a strong case for allocating portfolio funds to crypto, and no-one mentioned bubbles or scams. The way people talk about bitcoin is changing, especially on mainstream finance outlets. It’s evolving. Bitcoin is a

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