RATE Group | CNBC’s Ran Neuner Says ‘Bitcoin Is About to Explode,’ Points to Pending ETF Decision
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CNBC’s Ran Neuner Says ‘Bitcoin Is About to Explode,’ Points to Pending ETF Decision

08 Oct CNBC’s Ran Neuner Says ‘Bitcoin Is About to Explode,’ Points to Pending ETF Decision

Posted at 19:51h in Bitcoin News by

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Crypto analyst and host of CNBC’s show Cryptotrader Ran Neuner has claimed that the price of Bitcoin (BTC) is “about to explode” in a recent tweet October 7.

Neuner expressed his utmost confidence in an upcoming surge in Bitcoin’s price by noting “I just bought Bitcoin for my parents” in the same tweet. A notable rally would likely be tied to the U.S. Security and Exchange Commission’s (SEC) highly-anticipated upcoming decision on several Bitcoin Exchange-Traded Fund (ETF) applications, the trader claimed in another tweet posted the same day.

Explaining his optimistic prediction, the crypto analyst pointed to the fact that the leading cryptocurrency’s rally last year from “$6,691 (Nov 11) to $20,000 (Dec 17)” was, according to him, “on the back of  the expectation and launch of a cash settlement BTC futures contract.”

Following confirmation from the U.S. Commodity Futures Trading Commission (CFTC) that the Chicago Board Options Exchange (CBOE) and the Chicago…

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