The One Thing This Bitcoin Bear Needs to See to Become Bullish

Written by:
Guest
Published on:
Jul/10/2018

Speaking to CNBC Tuesday afternoon, one analyst said he could turn bullish on bitcoin.

“After the move we’ve seen it’s very difficult in the short term to be bullish,” Todd Colvin, analyst at Ambrosino Brothers, told CNBC’s “Futures Now” on Tuesday.

What could change this position is if bitcoin should see clarity on factors such as security, regulation and accessibility.

Hacks and security breaches are “the things that cause these bear markets, when you have these, 'Oops, somebody robbed my wallet off an exchange.' That caused the last big $1,000 decline we had,” he explained.

Watch Below

A change in crypto markets could turn one bitcoin bear into bitcoin bull from CNBC.

Video News News

CFP Championship Game Betting Preview 2024

America loves an underdog story, but the majority of the United States is rooting against the “dogs” (Washington Huskies) in Monday’s CFP National Championship game.  Michigan has been hovering between a -4 and -4.5 favorite.

Senator Mullin vs. O'Brien Fight Odds Now Up

It's not often we get to cross the intersection of sports and politics, but on Tuesday that's exactly what happened when a congressional hearing devolved into an angry confrontation between these two men.

iGaming and Blockchain With Becky Liggero and LilBit

Long time friend of the Gambling911.com website Becky Liggero sat down with the frontline voice of BSV Blockchain, Handcash, Champions TCG and newcomers LilBit to discuss, among other things, the world of iGaming and how blockchain and micropayments can impact the space.

Syndicate