Bitcoin may be poised for a huge breakout




Fundstrat’s Tom Lee on what to expect for markets in 2020. With CNBC’s Brian Sullivan and the Fast Money traders, Pete Najarian, Brian Kelly, Dan Nathan and Tim Seymour.

The bull market in U.S. stocks rolls on.

From the trade war between the U.S. and China and the slowdown in global economic growth, to Britain’s messy exit from the European Union and the potential impeachment of President Trump, nothing has dampened the enthusiasm for stocks.

The American economy remains in the midst of the longest economic expansion on record and the longest — if not strongest — bull market in stocks. Despite some concerns about higher volatility from a range of potential factors, registered investment advisors expect 2020 could be another good year for both the economy and the stock market.

“The cycle has been long but the economy has also been slower than in past cycles and without the big imbalances we’ve seen previously,” said Alan Cohn, president of Sage Financial, ranked No. 50 on the CNBC FA 100 list of top investment advisors for 2019. “With interest rates low and the U.S. economy good, we think there’s still room to run.”

For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://www.cnbc.com/pro/?__source=youtube

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

#CNBC
#CNBC TV

source

Recommended For You

About the Author: CNBC Television

40 Comments

  1. WHO KEEPS LETTING THIS TOAD ON TV> HE IS WRONG 99.9999 PERCENT OF THE TIME> HE"S MORE RELIABLE THAN CONDOMS. TOM LEE THE CRYPTO TOAD

  2. I saw the title and thought "CNBC must have Tom Lee in studio." Still don't understand why he's considered to be the foremost expert on cryptocurrency.

  3. For anyone who doesn't understand Bitcoin yet, I'd advice you to do your own research on it. Read about the Bitcoin halving , there's alot more to Bitcoin than it being a "coin" worth money. Its deflationary , there are only 21 million Bitcoin that will ever be mined,Bitcoin can not be counterfeit or faked, it is what it is. Please please do research on it like I have, i was a huge skeptic ,but now I understand more about it, Bitcoin is a HUGE opportunity for anyone right now while it's still so cheap, it will soon go to the moon and people will regret not buying some of it. This is only the beginning for crypto and blockchain technology guys, blockchain is literally the most secure way to send and receive money ,and once countries start understanding that, 1 satoshi will prob be 100$ by then, within the next decade we will most likely be a cashless world , Bitcoin is not as crazy as people think, and oh did I forget, BITCOIN is the best performing asset of the decade.?

  4. LOL. The as YT chose to run before this was for a trading platform with Alec Baldwin talking BS about not wanting to "miss out" on Bitcoin "like you did last time"…hmmmm….

  5. I know exactly what they’re doing. Banning the crypto channels (which gives comfort to the hodler’s) Then pump it up by the mainstream to get people all in – then sweep the rug out from under them when it crashes. This combination would cause major fud and may weed out a huge number of holders so the powers that be can come in and buy all the Bitcoin up. The reason the price hasn't gone up is because the mainstream and the whales don't have enough Bitcoin to their liking just yet.

  6. I doubt BTC will breakout in the near future. OG miners are dumping more then 100k BTC, check the sell orders on Binance. Im staying away from that and instead buying Algorand for 2020. Check out their new app, that is the future of trading. Its more than a crypto project, you can trade precious metals, real estate and more.

  7. I’ve been following crypto for a few years now and it’s really positive to see how far it’s come, everyone was saying it’s dead no chance etc, now look… we could be apart of the biggest player in the game

  8. Or an endless-pullback….
    Where have the poor scalability and terrible network value leakage fundamentals changed? They have only been proved.

  9. This next run up on Bitcoin is gonna get everyone's attention. Its irresponsible to not own Bitcoin at this point if you have heard of it. Between the halving, upcoming dollar crisis, and market crash, 2020 is going to be either amazing or horrible depending on where you are positioned

  10. We'll see if there's a continues to be a growing demand for decentralized currencies or if people will just be cool with central banks printing up new dollars at will. Right now the stock market is loving it but but oh boy when that thing pops.

  11. Bitcoin may be poised for a huge breakout down, after the halving hype all the moonboys will be burn in hell and delete their youtube hype channels.

  12. Bitcoin will never be mainstream. You send to the wrong address you cant get your money back. Value changes too much. Businesses couldnt successfully take it as currency with the price volatility. Nobody says "send me some bitcoin bro". They say paypal me or venmo me. The value in bitcoin is purely what people are willing to pay for it. I can see it going up in a recession and then tanking again when the market turns back around but to 250k per coin… seems like a stretch to me.

  13. Bitcoin has again shot past $7000 per bitcoin, giving fresh hope after been stuck in a bear market for over a month now , the second weekend in a row the bitcoin price has rallied. The bitcoin price has struggled to break out of its long-running bear market so far this year, with investors and traders desperately trying to call a bottom to the tumbling market.  Well, a careful study shows this is only temporary as bitcoin is poised for a steady uphill move. What this means is there is no better time to accumulate bitcoins than now. What do you do after buying? One school of thought says to hold onto for maybe 10 years and cash out when the value moons but that is risky in all ramifications. The safest thing to do so as to take full advantage of the crypto era is to buy as much as possible and then trade to increase your holdings which you would have to use a whole lot of money to acquire if you where strictly a hodler. Find a system that works and after testing, either as strategies or signals, be disciplined enough to stick with it. If you haven’t heard of Mr Mark Jean , I’d be surprised because he has one of the best systems of patterns and signals for trading. He actually taught me most of what I know and I made my first $100,000 using his system in just over 6 months . You can reach him at Marktrading884 @ yahoo . com  or via WhatsApp +12098817868 and telegram @ Marktrading884 if you need some help and have questions about being a consistent profitable trader

  14. Congress is already making the new crypto regulation LAW in 2020!!!!!!! . So get ready . Peoples mouths will drop peoples voices will get lost and people will be in complete utter shock when that bitcoin hits like 185k and xrp hits 1046 . Regulation is coming in 2020 . And bitcoin will shock the world along with XRP . congress already had a meeting with regulators and spoke about XRP and the guy even said —-> this digital stuff is coming faster then the 5 year time frame faster then everybody knows or thinks.

Comments are closed.