CNBC’s Brian Kelly on Bitcoin: ‘We Are Getting a Lot Closer to a Generational Bottom’

Leo Briefing #72

Jul 2

Brian Kelly is a frequent guest on CNBC’s Fast Money. He is the resident cryptocurrency “expert” often debating people on this matter.

His latest forecast might be upsetting to many in cryptocurrency. We are heading towards a generational bottom, something that he feels is closer rather than further away. The challenge is that he sees Bitcoin hitting around $10K.

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KuCoin CEO Denies Insolvency Rumors and Exposure to LUNA, 3AC

We are dealing with a lot of fallout from the bear market. As usual, when the tide goes out, we find out who was swimming naked. A lot of cryptocurrency companies are getting hit.

This also creates a situation where rumors fly about who is next. KuCoin seems to find itself in that position.

The CEO, Johny Lyu, was prompted to respond to the allegation. He claims that they are one of the few crypto firms still hiring. Their exposure is not what it is being made out to be.

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Binance CEO Changpeng Zhao Makes 10-Year Prediction for Decentralized Finance (DeFi)

Binance CEO, Changpeng Zhao, is rather optimistic on decentralized finance and DEX. In an appearance on Bankless, CZ provided his forecasts for the next decade.

Basically, he sees a decentralized world. His view is that decentralized protocols will outpace the centralized versions. At the same time, over the next decade, we will see centralized exchanges go to zero. He does not believe it will be an overnight process but it will happen.

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Why longevity matters to everyone: Living longer lives in the world of Web3

Longevity research is escalating. For the longest time, it was the field of dreamers and quacks. This all changed with the investment of the tech billionaires who decided they wanted to live forever.

Now we might be seeing another boost in that industry which could coincide with the explosion of Web 3.0. Both utilize disruptive technologies. Beyond that, many who are succeeding in the Web 3 realm are starting to focus their resources on this field.

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