5 Bullish experts tells CNBC about the future of bitcoin and cryptocurrencies

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CNBC's Live TV showcased opinions of 5 Bitcoin analysts about the future of Bitcoin. Watch the video on CNBC and below is a summary and my personal opinion on whether these 'experts' said made sense:

1. Chamath Palihapitiya

Founder and CEO of Social Capital advice the public to put 1 percent of your wealth into Bitcoin. He sees great potential growth in Bitcoin over the next few years and even decades.

If you have $100 to invest, put $1 into Bitcoin. This is about buying insurance.
-- Palihapitiya

Palihapitiya sees Bitcoin as a non-correlated hedge against what is going on in the financial markets today. While it makes or breaks, one percent of your asset is like a insurance, or in some ways a bet or gamble. We have many people in this world who are below the poverty line waiting to rise up and go against the unequal wealth created. Let us not be complacent about what we have continue to make prudent decisions toward actively growing our wealth.

2. Thomas Lee

The Head of Research Fundstrat Global Advisors is an active advocate of Bitcoin and listening to him too much may seem that you will fall under his convincing spell. In terms of digital transactions and security, Lee makes a good argument on how Bitcoin provides the best anti-fraudulent blockchain technology no one has achieved in the last 10 years.

"Bitcoin historically traded at two-and-a-half times its mining cost, so it's not out of the question that it could be over $20,000 by the end of the year."
-- Lee

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3. Brian Kelly

Founder and CEO of BKCM LLC, an independent investment firm specializing in cryptocurrency and blockchain-focused investment opportunities, advocates for Bitcoin. Brian Kelly discusses on CNBC - Kellie Ell, that Coinbase, the largest cryptocurrency exchange in the U.S., is considering adding five new tokens to its platform. The five digital coins include cardano, basic attention token, stellar lumens, Zcash and 0x.

"It wouldn't surprise me to see these things [5 coins] up 20, 30, 40 percent over the weekend."
-- Brian Kelly

4. Ran Neu-Ner

Founder and CEO of Onchain Capital sees Bitcoin as "Digital Gold" and soon in a few years, would have for demand for digital gold than for physical gold.

"If you understand the technology and a bull, now is a great time to be buying."
-- Neu-Ner

Neu-Ner noted about how the number of blockchain startups have been rising in the past year, and highlights the potential that digital currencies have. He has been going around the world attending blockchain conferences and talks to help countries leverage on the technology of the future. We will continue to hear more from him as host to CNBC Africa's Crypto Trader show, where his words may be worth listening to more than just a TV host.

5. Arthur Hayes

Co-founder and CEO of BitMex believes that the materialization of the BItcoin ETF could send Bitcoin prices back up by the end of the year. This topic has already been discussed in my previous post: https://steemit.com/bitcoin/@tysler/bitcoin-to-reach-usd50-000-by-end-of-2018-says-bitmex-ceo

Let's stay updated to the cryptocurrency market movements.

-tysler

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