Popular cryptocurrency analyst, as well as the host of CNBC’s show Cryptotrader Ran Neuner, maintains that Bitcoin’s price is “about to explode.”
“I Just Bought Bitcoin for my Parents”
The host of CNBC’s Cryptotrader show Ran Neu-Ner expressed his firm positivity that Bitcoin’s (BTC) [coin_price] price is about to skyrocket. His utmost confidence culminated in a tweet:
I just bought Bitcoin for my parents. It’s too obvious that it’s about to explode…
— Ran Neuner (@cryptomanran) October 7, 2018
Neu-Ner has traditionally been vocal with his price predictions, remaining bullish for the most part. In a recent interview with hedge fund owner Michael Arrington, the expert said that he thinks Bitcoin will reach $25,000 by year-end.
Explaining his merits on the claim, Neu-Ner said:
The reason why I say that is because I think we’re gonna get an ETF, and I think the ETF is gonna come sometime between August and October and that’s going to send us to 25,000.
Holding His Ground
Despite the fact that the SEC recently delayed its decision on the commodity-backed VanEck/SolidX Bitcoin ETF application, the cryptocurrency expert remains positive on an upcoming price rally. In another tweet shortly after the one mentioned above, he said that:
Last year, around this time, BTC went from $6691 (Nov 11) to $20000 (Dec 17) in 5 weeks. This on the back of the expectation and launch of a cash settlement BTC futures contract. An ETF is a way bigger deal & requires actual purchase of BTC.2 looming SEC decision deadlines ahead.
Last year,around this time,BTC went from $6691 (Nov 11) to $20000 (Dec 17) in 5 weeks.This on the back of the expectation and launch of a cash settlement BTC futures contract. An ETF is a way bigger deal & requires actual purchase of BTC.2 looming SEC decision deadlines ahead.
— Ran Neuner (@cryptomanran) October 7, 2018
It’s also worth noting that some think a Bitcoin ETF will be made redundant by the digital asset platform of the Intercontinental Exchange (ICE) Bakkt. According to its CEO, Bakkt will trade pre-funded Bitcoin and not just paper claims. Industry experts are already optimistic that this will pave the way for institutional investors.
What do you think of Ran Neu-Ner’s latest position on Bitcoin? Let us know in the comments below!
Images and media courtesy of Shutterstock, Twitter/@cryptomanran.