Paul Tudor Jones, a legendary hedge fund investor, triggered massive excitement in crypto markets yesterday by revealing that Bitcoin (BTC) is part of his portfolio. Traders and industry players like BitMEX’s CEO expect that the move will bring more big investors to the market. Arthur Hayes, CEO of the world’s second largest crypto exchange, BitMEX, says that Jones has just removed career risk from investing in cryptos like Bitcoin. “Expect a lot of beta fund managers to begin cooking some copypasta,” Hayes tweeted May 7. Jones paves the way for other hedge fund managers to get into Bitcoin Hayes is …

Founder and CEO of crypto investment firm BKCM Brian Kelly has said that Bitcoin (BTC) exchange-traded funds (ETF) are hardly needed for the ecosystem’s development, given that the coin is already available on regulated platforms such as Fidelity and TD Ameritrade. Kelly made his remarks during an interview with CNBC published on Oct. 11, explaining: “You have companies like Fidelity and TD Ameritrade starting to push into this space. So ultimately you’re going to be able to buy Bitcoin in a regular brokerage account, or it’s going to look like a regular brokerage account. So I’m less concerned that you …

An upcoming supply cut could help bitcoin (BTC) prices rise further in the coming months, crypto fund manager Brian Kelly told CNBC on May 21. Speaking to the Fast Money program, he explained that “the halvening,” next due to take place in 2020, will see mining rewards cut in half. With many miners now hoarding BTC, Kelly predicted that prices will rise as increased demand — tied to increasing industrial adoption and retail uses — competes with diminished supplies. Describing the four-year cycle that leads up to “the halvening,” Kelly added: “You generally have a rally a year into it, …

Brian Kelly, the founder and CEO of digital currency investment firm BKCM LLC, said that the next Bitcoin (BTC) target is going to be $6,000, CNBC reported on April 2. During an interview on CNBC’s “Futures Now” show, Kelly stated that “probably a reasonable target [for Bitcoin] is close to $6,000 for this move.” Kelly’s statement comes in the wake of a price surge elast night when the leading coin skyrocketed by over 15 percent and broke the $5,000 price mark for the first time since last November. Kelly suggested that the cryptocurrency market is finding its bottom: “All indications …

This interview has been edited and condensed. The author of the "The Bitcoin Big Bang — How Alternative Currencies Are About to Change the World," Brian Kelly calls himself an optimist when it comes to the future of the cryptocurrencies. CNBC’s prominent commentator, who is also the founder and CEO of digital currency investment firm BKCM LLC, analyzes markets on an everyday basis and tends to be 50 percent right “trading-wise.” We met with Brian Kelly at the Crypto Finance Conference in Switzerland and talked about Bitcoin ETFs, the next financial crisis, and the best and worst jobs at the …

The current bear market is not a funeral for Bitcoin (BTC) “whatsoever,” CEO of BKCM LLC investment firm Brian Kelly said on CNBC's Fast Money segment June 22. We tried to have a funeral for #Bitcoin as it fell below $6K, but @BKBrianKelly is still a believer. Here's why he thinks the cryptocurrency will resurrect pic.twitter.com/B8ozbzPsfJ — CNBC's Fast Money (@CNBCFastMoney) June 22, 2018 To back up his statement, Kelly provided three key factors. First, he pointed out that the market sentiment is “approaching lows,” implying that a trend reversal is likely to follow. Bitcoin, trading at $5,881 as of …