The founder & CEO of BKCM, Brian Kelly, said on FastMoney that the current crypto civil war won’t last long.
Kelly is the portfolio manager of the BKCM Digital Asset Fund and the REX BKCM Blockchain ETF. He’s also the author of "The Bitcoin Big Bang – How Alternative Currencies Are About to Change the World."
Kelly said:
“So, we've got ourselves a 'crypto civil war… In my view — very short-term type of event. I think it’s probably an opportunity. In fact, we did some buying at my fund today.”
However, the CTO of CoinShare, Metlem Demirors, is concerned that a great majority of assets are "very thinly traded" with monthly volumes.
Demirors said:
“We're now at a point where projects are running out of money. They're going to need to start firing employees. They're going to need to cut costs.”
Earlier, Brian Kelly said that the first bitcoin-ETF would not be approved in 2018, given how often the U.S. Securities and Exchange Commission (SEC) postpones the decision on this issue.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.