Brian Kelly Sees Supply Cut Will Bring Bitcoin Prices Higher
Crypto fund manager and CNBC in-house crypto expert Brian Kelly has recently stated that the upcoming supply cut could help Bitcoin (BTC) price to rise further in the months ahead.
The impending supply cut will be caused by the impending rewards halving that is set to take place in 2020 which will see miners rewards reduced to half.
He adds that prices will continue to rise as increase demand tied to increasing industrial adoption, retail uses and diminishing supplies.
According to the crypto expert there is generally a really a year into the halving and a year out of it and revealing that we are still at the beginning of this cycle.
He recommends that investors should dedicate between 1% to 5% off their portfolio to cryptocurrency.
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