Connect with us

Bitcoin

‘Bitcoin [BTC] is going to be a game changing technology. It is still in its early stages’ – Says Brian Kelly

Laira Rebecca

Published

on

'Bitcoin [BTC] is going to be a game changing technology. It is still in its early stages' - says BKCM CEO Brian Kelly
Source: Flickr

While Bitcoin is slowly gaining its momentum after its massive fall which took place in December 2017, Brian Kelly, the CEO and Founder of BKCM, LLC compares the cryptocurrency to ‘Internet in the 1980s’. By which he was trying to say that Bitcoin [BTC] is still in its early stages.

He says:

“This technology is going work and it’s going to be game changing. But it’s very early days, so we can have a massive volatility”

He believes that cryptocurrency is a real thing and there will be a change in the sentiment around it after the tax day. It is similar to Cisco or Microsoft from a technological perspective, wherein he compared Bitcoin to Cisco’s router and internet protocols. He mentioned that it is incorrect to think of it as a company or stock, instead, it is an open source software. He does not support the articles which call Bitcoin as a virus and it will never hit a high again. He mentioned that such statements motivate him to buy assets.

He also added that he agrees with Tom Lee’s analysis of Bitcoin’s selling pressure which will decrease after April 17th as claimed.

In another interview with CNBC, he mentioned that he supports Tim Draper’s prediction about Bitcoin’s value which is to increase to $250,000 by 2022.

Mark Harding, an IT expert says:

“This is the year that killer blockchain apps are hitting the market they will replace centralized versions of the business with a user stakeholder owned democratized ver, not a company. No more middle man gatekeeper, Google on ramp, Google adds, Facebook data leaks, Facebook ads”

Nick Reuther, a cryptocurrency enthusiast says:



“Second Boom prepping now. If your not in Crypto now you will miss the rocket and won’t be able to get in at this price ever again.”

Another Twitterati says:

“More correctly not Bitcoin but Blockchain technology. Saying that this new, disruptive technology is distributed to Bitcoin is like saying the Internet was Netscape. Where’s Netscape these days?”

Bitcoin [BTC] is currently trading at $8104.39 at 10.40AM UTC with a market cap of $13.76 billion. The overall volume has dropped by 0.06% in the past one hour as per Price.AMBCrypto.





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Laira is a full-time writer at AMBCrypto. She is a Computer Science graduate and she has about 1-year experience in writing. Her enthusiasm and keen interest in developing her knowledge about blockchain and cryptocurrency led her to be a part of AMBCrypto. She currently does not hold any value in cryptocurrency or its projects.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Bitcoin

Bitcoin [BTC]: 60 Minutes segment airs on CBS; market relieved over no FUD content

Priya

Published

on

By

Bitcoin [BTC]: 60 Minutes segment airs on CBS; market relieved over no FUD content
Source: Unsplash

Bitcoin [BTC], the largest cryptocurrency in the world has gained a lot of mainstream media attention over the years. However, most media houses have often failed to deliver the message to the masses, with the main reason being lack of research and knowledge of the subject. The cryptocurrency was thrown back into the spotlight after CBS released a teaser to their latest “60 Minutes” episode, unveiling a few influencers of the industry, speaking about their experience.

The episode, which released on 19 May 2019, immediately grabbed the attention of the cryptocurrency space, with a majority wondering whether the media channel would nail it or fail it. Interestingly, there was a poll conducted on Bitcoin Talk, where the question was ‘CBS 60 Minutes 5/19/19 on Bitcoin. Will it cause FOMO or FUD?’

Source: Bitcoin Talk

Source: Bitcoin Talk

60 Minutes, broadcast on the CBS Network is one of the oldest and most-watched American television programs, with the focus being “the real story on America’s most prevalent issues”. According to CBS, 60 Minutes has an average of 11.4 million viewers and about a million people who listen to its radio broadcast and podcast.

The show titled ‘Bitcoin’s Wild Ride’ aired hours ago, and covered the story of Charlie Shrem, the founder of BitInstant, Laszlo Hanyecz, the famous pizza guy who is recognized as the first person to make a real-world transaction with Bitcoin, and Marco Streng, the CEO of Genesis Mining. The segment also had Neha Narula, the Director of Digital Currency Initiative at MIT Media Lab, answering questions pertaining to the coin, and Lael Brainard, a member of the US Federal Reserve, speaking about why not Bitcoin.

The show was briefly explained by a Redditor, EternitySphere,

Source: Reddit

Source: Reddit

Unlike other mainstream Bitcoin segments, this segment was well-received by the Bitcoin community after a majority agreed that it did not spread FUD and that it was an unbiased episode, contrary to expectations. However, there were few concerns pertaining to a lack of content, with some believing that it failed to explain key information; which includes how it derives it value, albeit there was no FUD.



Franky1 commented on Bitcoin Talk,

“[…] next was the whole describing mining segment involving genesis mining.(facepalm) ASIC’s do not store records(asics have no hard drive).. so saying the mining done by genesis is the location where records are kept can be misguiding people to think genesis mining are ‘the bank’ and user software just ‘watches the numbers and letters'[…]”

Source: Reddit

Source: Reddit

Rdbase also remarked on the Bitcoin forum,

“The whole segment was about charlie shrem known as bitcoin moses and his fall into bad luck with taking a payment which was used to buy illegal things on the dark web. It did have some good points but overall it was just directed towards the public view about it. As a skeptical thing to use and banks were safer with its fiat financial system”





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending