CNBC Squawk Box Host Confirms Bitcoin Holdings Broadcast
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During Bitcoin's parabolic boost at the start of last year in Bitcoin, the tale of the refuge began to take root, and the assets began to be taken more seriously. At that time, CNBC Squawk Box host Joe Kernan became a champion of cryptocurrency.
Now, all this time later, he revealed that he had revealed on the air during a live CNBC segment that he now owned a small slice of Bitcoin. Will this favorable nod lead to greater awareness of the cryptography market?
Squawk Box host Joe Kernen reveals he keeps Bitcoin on CNBC
Earlier last year, Squawk Box host Joe Kernan stole the heart of the crypto community when CNBC analyst quarreled with other economists over the inherent value of Bitcoin.
Kernan fought people like Mark Mobius for the asset that required the approval of another asset like gold. Kernen argued that the asset did not require any backup and that the value of the cryptocurrency came from its decentralized network without government intervention.
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Joe Squawk For the crypto community, he was one of the few traditional market analysts to really "understand" what Bitcoin and crypto mean.
Since then, Kernen's interest in Bitcoin has had to drive the host and the analyst to take a stand on the cryptocurrency, which he recently revealed during the issuance. .
Bang Bang! @JoeSquawk now owns Bitcoin 🔥
– Pomp 🌪 (@APompliano) May 12, 2020
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In the past, Kernen had cited the stock-to-flow model which aimed to provide an estimate of fair market value based on the digital scarcity of Bitcoin. The asset halved has just passed, and with Kernen armed with such knowledge, he may have taken a position on Bitcoin before halving.
However, since Kernen has shown interest in the asset for some time, it is possible that he has purchased Bitcoin at any time in the past two years. The crypto asset has been profitable for more than 95% of its existence, so it is likely that the CNBC host has already seen some return on investment from the cryptocurrency.
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The Kernen antenna approval and Bitcoin holdings disclosure sign were shown to an active audience of millions of people logging on to CNBC every day. This subset of the audience is more likely to invest and examines the finance-oriented segment for recommendations, facts, etc.
The biggest conscience of a public figure supporting Bitcoin on his sleeve is a breath of fresh air in what looks like a sea of traditional financial experts who hate BTC.
Kernen joins people like Paul Tudor Jones in recently revealing an interest in Bitcoin around halving. As more Wall Street pillars and well-known influential financial figures speak of Bitcoin, adoption and interest will only increase from here.