{"id":256799,"date":"2024-03-01T00:23:14","date_gmt":"2024-02-29T18:53:14","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=256799"},"modified":"2024-03-01T00:23:14","modified_gmt":"2024-02-29T18:53:14","slug":"cnbcs-brian-kelly-issues-imminent-bitcoin-price-warning-says-two-altcoins-may-benefit-from-btc-reversal-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cnbcs-brian-kelly-issues-imminent-bitcoin-price-warning-says-two-altcoins-may-benefit-from-btc-reversal-crypto-news\/","title":{"rendered":"CNBC&#8217;s Brian Kelly Issues Imminent Bitcoin Price Warning, Says Two Altcoins May Benefit From BTC Reversal &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Investor Brian Kelly warns Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\">BTC<\/a>) may soon suffer a significant market correction after soaring into the $60,000 range.<\/p>\n<p>In a new interview on CNBC\u2019s Fast Money, the founder and CEO of digital asset investment firm BKCM <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=Vfw2GiUgYro\">says<\/a>\u00a0Bitcoin could decline to around $43,000, a 30% drop from its current value.<\/p>\n<p><em>\u201cThis is an asset that is still extremely volatile. If it pulled back 25% or 30% wouldn\u2019t surprise me at all, but long run I still think we go to new highs.\u201d <\/em><\/p>\n<p>Kelly believes that if Bitcoin corrects, people may funnel money they earned from the crypto king\u2019s recent rally and pour it into other digital assets, which could ignite massive rallies for several altcoin projects.<\/p>\n<p><em>\u201cI do think there could be a rotation trade coming though, because we had a lot of excitement about Solana, and it ran into a little bit of headway. If [Wednesday] was this short-term top at $64,000 for Bitcoin, what typically happens in a bull cycle is all that money that was made in Bitcoin and Ethereum starts to look for another home. <\/em><\/p>\n<p><em>So you look at Solana, you might look at something like a Chainlink, you know one or two down that have a real use case and a real reason to exist. I think they could actually be the beneficiary of a pullback in Bitcoin.\u201d<\/em><\/p>\n<p><iframe loading=\"lazy\" title=\"BKCM&#039;s Brian Kelly: It would not surprise me if we see a Bitcoin pullback in the short-term\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/Vfw2GiUgYro?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>\u00a0<\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">Twitter<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investor Brian Kelly warns Bitcoin (BTC) may soon suffer a significant market correction after soaring into the $60,000 range. In a new interview on CNBC\u2019s Fast Money, the founder and CEO of digital asset investment firm BKCM says\u00a0Bitcoin could decline to around $43,000, a 30% drop from its current value. \u201cThis is an asset that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":165827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-256799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=256799"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256799\/revisions"}],"predecessor-version":[{"id":256801,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256799\/revisions\/256801"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/165827"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=256799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=256799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=256799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}