What started off as a (somewhat) polite argument over the fate (and price) of bitcoin between bitcoin advocate CNBC Fast Money staple Dan Nathan and crytposkeptic, Evercore ISI technician Rich Ross, devolved in just over a minute into a screaming fest in which Ross slammed Nathan - who had just called him "glib" - for being "wrong" and "bearish for two years" in which the "stock market's gone up 100%" which is "not helping people make money." To which, an unimpressed, flustered and visibly angry Nathan responded "we've got the chartist here, and he's got his stick", at which point he proceeded to explode: "you don't know what I've done, you don't know what my call is, so go piss off, seriously."
Sadly, CNBC decided to edit the fun part in the official clip it published on its website. What it does show is Ross slamming crypto currencies because one squiggly line has crossed another squiggly line.
“Let’s not even compare this to stocks for a second. What bothers me, we’re staring at the greatest bull market in the last 20 years, where you can double your money in like the best industrial companies — like a Boeing, which is sort of pillaring here for no good reason, up over 200% over the past two years and we’re talking about this stuff here that’s lost over 50% of its value in a month” Ross raged, seemingly unaware that even after the 50% loss, bitcoin was still up 1000% in 12 months.
However, in the end Ross had the last word: "a tough moment here on Fast Money" as seen on the clip below, which kept the edited punchline - and almost punches - all of which took place after the edited CNBC clip cut off, and when Nathan and Ross went at it.
We won't transcribe the clip: just watch.
The good news for CNBC is that judging by the people's reaction, at least the carbon-based audience woke up. Perhaps it may be a good idea to have Ross as a permanent fixture on Fast Money, at least until bitcoin goes back to $20,000... or $0.
@CNBC Seriously? Rich Ross ALWAYS provides intel and insight. If Dan Nathan made any money, he'd get a nose job.— Wave Runner (@WaveRun73982982) January 17, 2018
It was great on @FastMoney (#CNBC) to watch Trump hater panelist Dan Nathan totally have a meltdown when a guest technician, Rich Ross, takes him apart on crypto-currencies. pic.twitter.com/6Yv8VNwh2O— Steve (@tricasey279) January 17, 2018
@RiskReversal who is a @CNBC hired gun for attacking @realDonaldTrump - (since he suck as an investor)— Chiumeister (@chiumeister) January 17, 2018
Finally cracked on air verbally attacking Rich Ross - MD Evercore ISI , telling him to ‘piss off’ and belittling Ross’ technical strategy as ‘schtick’ pic.twitter.com/yAghmWcjt2
@GuyAdami @petenajarian @MelissaLeeCNBC @timseymour Ladies and Germs, Pete we go way back, guy luv ya-and all even Dan. I’m 39 and Have 16 employees all under my age, @CNBC is on 5 TV’s 24/7. If DAN doesn’t publicly apologize to Rich Ross I will never watch Fast Money again!— Solomon Moss (@MossSolomon) January 17, 2018
And the most succinct take:
Bull market genius arrogance hitting new all-time highs on Fast Money https://t.co/wJMS153P6V— GreekFire23 (@GreekFire23) January 17, 2018