Sunday, August 14

Kraken CEO Reverses $ 100,000 Prediction for BTC in 2021: Crypto Winter Is Now Possible By CoinTelegraph

© Reuters. Kraken CEO Reverses $ 100,000 Prediction for BTC in 2021: Crypto Winter Is Now Possible

While () continues to trade sideways around $ 48,000, Kraken CEO Jesse Powell is not counting on a potential cryptocurrency market crash in the short term.

A crypto winter is now “possible,” Powell said in an interview with Bloomberg Technology on December 14, noting that Bitcoin and the crypto ecosystem have historically evolved around cycles based “more or less on the halving of Bitcoin.”

  • Bitcoin Dumps ‘Dumb Money’ As Retailers Buy Most BTC Since March 2020 Crash

But despite a potential crypto winter looming, Powell is confident that the market will rebound from a bear market once investors start buying if BTC falls below $ 40,000:

Read the full article on Cointelegraph

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