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Bitcoin 'Should Hold' USD 40K, Says Novogratz. If Not - It's a ‘Buying Opportunity,’ Argues Kraken CEO
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A bitcoin (BTC) price of under USD 40,000 would be a “buying opportunity,” and the US dollar is “going to zero,” Jesse Powell, CEO of crypto exchange Kraken said in a new interview. Meanwhile, Galaxy Digital CEO Mike Novogratz said the market is in a “healthy” correction, and that a BTC price of USD 40,000 “should hold.”
Speaking with Bloomberg TV on Tuesday, Powell argued that bitcoin “certainly could” fall to as low as USD 42,000, but adding that it is difficult to predict exactly where the bitcoin price is going.
“I’m actually paying more attention to the US dollar these days, wondering where the bottom is,” Powell said, before adding “it seems like inflation is out of control, and there is no end in sight.”
Further, Powell said that
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