Prominent CNBC Crypto Analyst: It’s Obvious that Bitcoin Is about to Explode

There are many optimistic crypto analysts who view a huge upside for Bitcoin out there, but recently a gushing rush of BTC positivism by a prominent analyst and TV personality has been making some unusual waves in crypto communities.

Ran Neu-Ner, Onchain Capital founder/CEO and the host of the Crypto Trader show on CNBC Africa, released a number of incredibly rosy and sunny statements regarding the price of Bitcoin lately on his official Twitter account.

“I just bought Bitcoin for my parents,” Neu-Ner professed in one of his tweets on October 7. “It’s too obvious that it’s about to explode…” Lucky parents, probably. Elaborating a little more about this bombastic affirmation, Neu-Ner published a slightly more detailed tweet several hours later.

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.

Neu-Ner draws the comparison between the roll out of Bitcoin future products at the end of 2017 and the current highly-anticipated approval of Bitcoin exchange-traded fund (ETF) by the SEC, which would allow a significantly higher number of mainstream investors to acquire Bitcoin.

Going even farther, Neu-Ner took on the famous economist Nouriel Roubini who had unleashed an ultra-vitriolic assault against crypto lately. “I am now fully convinced that @Nouriel is talking down Crypto so he can buy the FUD [fear, uncertainty and doubt],” Neu-Ner tweeted. “No one can believe the stuff he tweets…” To Roubini’s credit, though, no one really had believed him when he had ominously (and as later proved, accurately) predicted the 2007-2008 financial crisis.

At least for the sake of the surely proud parents of Ran Neu-Ner, let’s hope that his unyielding crypto optimism will prevail this time.