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After taking another beating this week, Bitcoin currently stands at $6,132 on CoinMarketCap.

The latest drop happened yesterday, with news that Japan’s Financial Services Agency (FSA) ordered a number of exchanges to tighten security after a series of hacks.

CNBC held a mock funeral for Bitcoin and cryptocurrency, offering its condolences to bullish Fundstrat analyst Tom Lee, Bitcoin Cash supporter Roger Ver, Ripple CEO Brad Garlinghouse and “all 500 Ethereum co-founders.”

But CNBC analyst Brian Kelly was having none of it, offering three reasons why he’s still bullish on Bitcoin.

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