Brian Kelly: 2019 will be a watershed year for bitcoin in the global financial space CNBC expert and founder of digital asset management company BKCM Brian Kelly believes that 2019 could be a pivotal year for the perception of bitcoin in the global financial space.

Brian Kelly: 2019 will be a watershed year for bitcoin in the global financial space

Brian Kelly, CNBC expert and founder of digital asset management company BKCM, believes that 2019 could be a pivotal year for the perception of Bitcoin in the global financial space..

 

Brian Kelly: 2019 will be a turning point for Bitcoin in the global financial space CNBC expert and founder of digital asset management company BKCM Brian Kelly believes that 2019 could be a turning point for the perception of bitcoin in the global financial space.

«I've been broadcasting about bitcoin on this network since 2013. Every time someone asked me if Bitcoin was trading as a macroeconomic asset, I answered negatively. Until this year, – Kelly told CNBC on Thursday. – We are seeing macro funds this year. Traditional investors trade bitcoin as an alternative or substitute for gold and use it as a hedge against macroeconomic risks».

At the same time, Kelly, like the leading strategist of the investment bank BMO Capital Markets Brian Belsky, refuses to recognize bitcoin as a safe asset, since he «5 times more volatile than S&P 500». «But people use it as digital gold to some extent and tend to see it as a safe asset.», – he added.

Speaking about the possibility of a ban on bitcoin, Kelly noted that this is unlikely, but nevertheless, governments have certain leverage..

 

 

 

Brian Kelly: 2019 will be a turning point for Bitcoin in the global financial space CNBC expert and founder of digital asset management company BKCM Brian Kelly believes that 2019 could be a turning point for the perception of bitcoin in the global financial space.


«As for its destruction, it will be very difficult to do so. In many ways, it resembles the Internet. But there are certain vulnerabilities where fiat is used, user identification and anti-money laundering requirements apply., – he explained. – When people take their American dollars, Japanese yen, Chinese yuan, or Hong Kong dollars and put them in bitcoin, there are points where the state can step in and say: “Look, if we support this, then we want to make sure that there is no illegal activity. If we decide not to provide support, we will just push where needed.”».

 

Brian Kelly: 2019 will be a turning point for Bitcoin in the global financial space CNBC expert and founder of digital asset management company BKCM Brian Kelly believes that 2019 could be a turning point for the perception of bitcoin in the global financial space.

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