'Only Two Individuals': CNBC Airs Rare Bitcoin Cash Criticism

‘Only Two Individuals’: CNBC Airs Rare Bitcoin Cash Criticism

Wilma Woo · December 28, 2017 · 6:00 pm ·

Wilma Woo · December 28, 2017 · 6:00 pm

CNBC has continued its confused cryptocurrency coverage with the airing of fresh criticism of Bitcoin Cash and praise of Bitcoin itself.

Najarian Turns Spotlight On Centralized Bitcoin Cash

In stark contrast to the network’s recent standard angle, which has seen the overly forward support of the Bitcoin Cash altcoin and warnings about Bitcoin, a recent edition of its Half Time Report witnessed a conspicuous U-turn.

“The fact that Bitcoin Cash is controlled… by two individuals – that is a huge difference from Bitcoin,” Investite.com CEO Jon Najarian told presenters Thursday.

Haha bcash looking better every day 😅😁😎 pic.twitter.com/k01a3t93sG
— KryptoKnight69 (@ELEProbtc) December 28, 2017

CNBC recently hit the headlines when its Fast Money segment began publishing strongly-worded tweets about Bitcoin Cash’s superiority, leading to suspicions of collusion between its staff and the altcoin’s executives.

Major proponent Roger Ver appeared twice on the network to plug Bitcoin Cash and warn about Bitcoin, and the Fast Money feed continues to publish material warding off potential Bitcoin investors.

Najarian’s riposte thus marks a curious alternative perspective, something which did not go unnoticed in Bitcoin circles.

Bitcoin Can Be This And That

In the same segment, ARK Investment Management founder and CEO Catherine Wood also discredited Bitcoin Cash as a reasonable alternative to BTC.

“Maybe it will do a hard fork, so it has both the store of value role and the means of exchange role,” she speculated.

The idea of Bitcoin being both a currency and exchange instrument is beginning to find favor as a concept in more skeptical non-cryptocurrency circles this month.

Speaking on his own network, Business Insider CEO Henry Blodget suggested the most popular virtual currency could “have a glorious future and change the world” even if prices were to dramatically deteriorate.

Having previously said Bitcoin had “no intrinsic value,” Blodget did not discredit the idea that Bitcoin could go as low as $100 and fulfil critics’ belief that its price this year has been an archetypal financial bubble.

What do you think about CNBC’s Bitcoin approach? Let us know in the comments below!

Images courtesy of AdobeStock

bitcoin bitcoin cash CNBC Jon Najarian mainstream media Show comments

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