By CCN: CNBC in a recent interview shot a string of arrows seemingly to burst the so-called bitcoin price bubble. Nonetheless, the cryptocurrency emerged unharmed thanks to Bart Smith. The digital asset head of Susquehanna International Group, a Pennsylvania-based trading firm, appeared on Squawk Box to discuss what possibly drove bitcoin up 145% year-to-date. While admitting that it was difficult to narrow down a price rally into specific factors, Smith hinted that the root of bitcoin’s exceptional performance in 2019 maximally lied in one thing: optimism. He said: “There is a tremendous amount of optimism about US brokerages — particularly
The post Wall Street’s Bitcoin King Defends Crypto Against CNBC FUD appeared first on CCN
Read the original post: Wall Street’s Bitcoin King Defends Crypto Against CNBC FUD