Ran NeuNer: if Bitcoin was a bubble, I've never seen a bubble pop twice

07 Apr, 2019 | Updated: 07 Apr, 2019
by Richard Allen
Opinion
Ran NeuNer: if Bitcoin was a bubble, I've never seen a bubble pop twice

Ran NeuNer, host of CNBC’s Crypto Trader show took to Twitter yesterday lashing out at media outlets that continue to call Bitcoin a bubble.

NeuNer states he can’t respect any publication that refers to Bitcoin as a bubble, pointing out that even if it was a bubble last year, he’s never seen a bubble pop twice. Prior to this, Neuner posted another tweet that states he would imagine that talk of cryptocurrency’s collapse would be a thing of the past.

Responding to his first tweet, one user points out that Bitcoin has actually popped several times, first in 2011 followed by 2013, 2014, and 2018, and criticized the show’s “sub-par research.” Other users generally agreed with NeuNer’s sentiment.

Additionally, Ran NeuNer isn’t the only one to feel this way. prominent crypto writer and expert, Joseph Young recently wrote that if NASDAQ is able to double in value after its plunge during the dotcom bubble and the 2008 financial crisis, Bitcoin has the ability to show quick recovery in the medium term.

Recently, Tom Lee, co-founder of Fundstrat Global Advisors, sat down with Bloomberg where he stated that Bitcoin is now back in a bull market. He explained that it’s broken its 200-day-moving-average which Lee attributes as evidence that we are now back in a bull market.

Read more: Thomas Lee: "Bitcoin is now in a bull market"

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