Kraken CEO Says Bitcoin Below $40k Is A Buying Opportunity

Jesse Powell, the CEO of the popular crypto exchange Kraken, has said that Bitcoin under $40K would be a good buy, while also predicting that the dollar will go to zero. Bitcoin’s Fall Is A Buying Opportunity If the price of Bitcoin falls below $40,000, Kraken CEO Jesse Powell says the present downward pressure would provide another purchasing opportunity for investors. The Kraken CEO discussed the crypto market in an interview with Bloomberg TV, revisiting his former prediction that BTC will climb to $100,000 by the end of the year. “But I think a lot of people see anything under the $40,000 as a buying opportunity. I was personally buying when we dipped back to $30,000 a few months ago. A lot of people have some dry powder on the sidelines just waiting to come back in at rock-bottom prices.” Bitcoin was expected to exceed $100,000 by the end of 2021, according to Jesse Powell. Despite the fact that he stated that there are still a few days left, at a press time price of $49,396, and given the present trend, a milestone as significant as the one promised is unlikely to occur. Related article | Kraken Director Dan Held Tags Traditional Financial Institutions A “Cartel” Long Term Investment If Dollar Falls Powell acknowledged that his past predictions for Bitcoin may have been off the mark, but added that it’s difficult to foresee what will happen next in the market. However, he believes that anyone considering...