Bitcoin price could hit $29K next, warns CNBC ‘Chartmaster’

Bitcoin (BTC) could drop to $29,000 and still be testing current support in line with past dips, claims CNBC’s “Chartmaster.” In an appearance on the network’s “Fast Money” segment on May 17, Carter Worth, Chief Market Technician at Cornerstone Macro, warned that the BTC bottom may be far from in. Pick your average for a Bitcoin price floor Analyzing recent price activity and comparing it to Bitcoin bottoms past, Worth said that current levels at around $45,000 represent the top of a support zone. “Were we to go down 55%,…

US-based crypto users likely still have to pay taxes on NFTs, says CNBC

Tax season is almost upon crypto users based in the United States, and even if they plan on keeping their assets digital, nonfungible token — or NFT — buyers might not get off scot-free. According to a CNBC report today, people who use the profits from their crypto holdings to purchase NFTs will likely still have to pay capital gains tax up to 20% when filing their U.S. taxes. “Collectors who are buying NFTs with their cryptocurrency gains could face large tax bills this year for deals that most probably…

‘You might get fired if you don’t own Bitcoin’: CoinShares on CNBC

CoinShares chair and former JP Morgan commodity trader Danny Masters told CNBC that the financial landscape has changed to the point where not having exposure to Bitcoin could be a riskier move for portfolio managers than investing in it.  Interviewed on Power Lunch, the head of the digital asset management firm referred to the fact that in the past it was seen as risky for asset managers working in institutions to put money into Bitcoin. But he claimed that the “perceived career-risk for having Bitcoin in your institutional portfolio, as…

Tyler Winklevoss tells CNBC that ‘Cash is trash’

Not one to mince words, Tyler Winklevoss reportedly told the business network CNBC that “Cash is trash.” In his view, it’s only a matter of time before investors dump the dollar and other fiat currencies for BTC: “At some point, it is hard to look at those data points and say that Bitcoin isn’t an incredible store of value.” His twin brother Cameron Winklevoss also said that Bitcoin (BTC) “just needs to be better than gold” to see its value rise to remarkable levels. The twins, who run the United States-based…

Is this the top? CNBC tips five months of Bitcoin upside

A bullish Brian Kelly of CNBC’s Fast Money said today that Bitcoin’s gains may extend to a full year after the halving — which many members of Crypto Twitter immediately took as a major sell signal. In a Nov. 12 interview on CNBC, Kelly said to host Melissa Lee that the surge of high-profile, and institutional, investors moving towards Bitcoin (BTC) could mean a bullish future for the cryptocurrency. Asked for a price prediction he instead said: “There’s a lot of scope for upside. Most of the gains that come…

CNBC Trader Shades Bitcoin With Sarcastic ‘Beanie Baby’ Slam – CCN Markets

CNBC’s Joshua Brown sarcastically compared bitcoin to the Beanie Babies bubble and completely missed the point about cryptocurrency. | Source: Shutterstock; Edited by CCN 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 took the anniversary of the end of this historic bubble as…

SEC Chairman Jay Clayton On Cryptocurrencies And Investing | CNBC

SEC Chairman Jay Clayton speaks exclusively with CNBC’s Bob Pisani about the state of investing, the future cryptocurrencies, the IPO market and cybersecurity. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow…

SEC Chairman Jay Clayton: Cryptocurrencies Like Bitcoin Are Not Securities | CNBC

SEC Chairman Jay Clayton speaks with CNBC’s Bob Pisani about what he sees for the future of blockchain, cryptocurrencies and initial coin offerings (ICO). » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC…

Don’t Believe The Bitcoin Bears, Says Fundstrat’s Tom Lee | CNBC

Is it time to get more bullish on bitcoin? Are the bitcoin bears dead wrong? With Fundstrat’s Tom Lee, CNBC’s Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC…

Are Crypto Hedge Funds On The Verge Of A Comeback? | CNBC

CNBC’s Leslie Picker looks at what’s happened to crypto hedge funds. And Dan Morehead, Pantera Capital, discusses crypto hedge funds’ future. With CNBC’s Melissa Lee and the Fast Money traders, Pete Najarian, Karen Finerman, Brian Kelly and Guy Adami. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News…