That the expectation of a bitcoin (BTC) price of $100,000 will not be reached by the end of December, everyone agrees. Kraken CEO, Jesse Powell, does not even rule out the possibility that a real ‘crypto winter’ could follow, with a crypto crash in the short term.
Bitcoin will bounce back
Kraken is an exchange on which cryptocurrencies can be traded, like we Battle have in the Netherlands. In August, the Kraken founder and CEO predicted that bitcoin would be worth $100,000 by the end of 2021 or early 2022. He wasn’t the only one with this prediction came. However, it is now clear that this is not going to happen. Powell even closes a crash on the cryptocurrency markets in the short term.
Powell also thinks that such a scenario is not a disaster and that BTC is a bounce back will make, even after any bear market. Should the price fall below $40,000, that will be a reason for many people to buy, according to Powell:
“I think a lot of people see anything under $40,000 as a buying opportunity. I bought myself when we got close to $30,000 a few months ago and I think a lot of people are just waiting to get back in at rock bottom prices.”
Bitcoin crash of bitcoin naar $100.000?
This is what the Kraken CEO indicated in an interview with Bloomberg Technology. In that same interview, he was also asked about his prediction for August. Bitcoin to $100k is obviously not going to happen again, but Powell is definitely still in the long run bullish:
“It’s hard to know where it’s going. If you look at a long-term trendline of Bitcoin, it just goes up consistently. I always tell people if you are thinking about buying Bitcoin, think of it as a five year plus investment”.
There have been many analysts who have predicted a BTC rate of $100,000 in 2021, including the Twitter well-known Pan B and Mike McGlone. The latter is an analyst at Bloomberg and shared this prediction in October.
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