Today news
About the same in other media
Kraken CEO reverses $100K BTC 2021 forecast: Crypto winter now possible
Reading now: 912
As Bitcoin (BTC) continues to trade sideways around $48,000, Kraken CEO Jesse Powell is not counting out a potential crash on cryptocurrency markets in the short term.
A crypto winter is now “possible,” Powell said in a Dec. 14 interview with Bloomberg Technology, noting that Bitcoin and the crypto ecosystem have historically evolved around cycles based “sort of around the Bitcoin halving.”
But despite a potentially looming crypto winter, Powell is confident that the market will bounce back from a bear market once investors start buying should BTC drop below $40,000:
In the interview, Powell mentioned some of his previous Bitcoin predictions, including his $100,000 Bitcoin forecast for late 2021. The CEO made this prediction in August,
Read more on cointelegraph.comAbout this in other media
Half of crypto investors millennials; women users rising rapidly: ZebPay economictimes.indiatimes.com /2 years ago
Bitcoin hash rate nears record 200EH/s as 100K BTC turns 'illiquid' every month cointelegraph.com /2 years ago
Crypto exchange Kraken acquires non-custodial staking platform Staked cointelegraph.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
