Bitcoin Will Peak Over $100,000 In Just Two Years, Kraken’s Jesse Powell Predicts

Bitcoin Will Peak Over $100,000 In Just Two Years, Kraken’s Jesse Powell Predicts
фото показано с : zycrypto.com

2020-5-29 15:10

Jesse Powell, a highly regarded market guru and the CEO of Kraken cryptocurrency exchange said the price of bitcoin could surpass $100,000 as early as 2022. This would be an appreciation of over 1000% within a mere two years.

He added that the flagship cryptocurrency would even be worth $1 trillion if people across the globe knew it and the great potential it possesses.

Bitcoin Would Be Worth $1 Trillion If Everyone Understood Its Great Potential

In a recent conference call hosted by Pantera Capital’s Dan Morehead, Jesse Powell explained that most people have not yet fully comprehended the potential of bitcoin and how important it is that the digital asset is not related to the traditional finance system. If they did, everyone would only use bitcoin and its price would be around $1 trillion.

“I don’t think Bitcoin is even priced into Bitcoin. Most people have heard about Bitcoin but they don’t own any Bitcoin. They don’t know what the future of Bitcoin is. I think if everyone knew about Bitcoin and the potential of Bitcoin and how great it was, the price would be a trillion dollars a Bitcoin. We would all just be switched over to Bitcoin and not be using anything else.”

Powell goes on to note that there is a lot in the world today that has not been priced into the bitcoin price. For instance, it’s likely that the Fed will continue printing the US dollar in large amounts. As a result, the dollar will become useless and nobody will want to own it. People will instead prefer bitcoin.

Nonetheless, this has not been priced in because of the existing uncertainty about the future and potential risks. It is still unknown how regulation for cryptocurrencies will pan out in the future and how various governments will respond as bitcoin continues to flourish. All of this is not priced in, although it is somewhat predictable.

Powell: Bitcoin Price Headed For $100,000

The CEO observed that Kraken exchange has witnessed a spike in new accounts owned by institutional investors in the past two months. Powell sees bitcoin hitting $100K over the next two years.

“I believe that we’re in a completely unprecedented time in terms of the global political and economic systems. I believe that this is going to continue to drive a pretty massive shift into digital currency. I think the next couple of years we’ll likely see 1 BTC exceed $100,000.”

In the meantime, however, Powell believes people still prefer cash to pay for rent, food, and other basic commodities amid COVID-19. “They’re not looking to hold a volatile asset, however a good investment it might be in the long term. People are thinking very short-term right now. I think that’s one thing working against Bitcoin,” he added.

Even Technical Analysts Agree

Bitcoin’s possible move to $100,000 is so alluring that even technical analysts are jumping on board. In a tweet on May 29, analyst Credible Crypto opined that bitcoin has been in a massive accumulation period for the past 896 days, but its journey to $100k is about to commence. 

The analyst asked BTC investors if they are ready as the consolidation structure breaks and a new face-melting bull market kicks in that will lead to the asset breaking past previous ATH.

The last 896 days were simply one massive re-accumulation phase before the run to 100k+ #bitcoin, and the consolidation structure will soon be broken. Are you prepared? pic.twitter.com/31O6syBwHX

— Credible Crypto (@CredibleCrypto) May 29, 2020

Bitcoin is currently valued at $9,476.10. Nothing is guaranteed, but if these market observers are right, BTC is estimated to reach $100,000 in the coming years.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cryptoindex.com 100 (CIX100) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -0.02 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.3347 (-100%)

kraken years jesse bitcoin two powell 100

kraken years → Результатов: 13


Фото:

Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

2019-4-27 01:30


CEO Kraken высказался по поводу отчета генеральной прокуратуры Нью-Йорка

CEO биткоин-биржи Kraken Джесси Пауэлл раскритиковал действия регуляторов штата Нью-Йорк, сравнив их с девушкой, которая преследует своего бывшего парня даже после расставания. NY is that abusive, controlling ex you broke up with 3 years ago but they keep stalking you, throwing shade on your new relationships, unable to accept that you have happily moved on […] Запись CEO Kraken высказался по поводу отчета генеральной прокуратуры Нью-Йорка впервые появилась Криптовалюта.Tech.

2018-9-21 14:17


Глава Kraken: юрисдикция Нью-Йорка — это приставучая бывшая, которая вмешивается в ваши новые отношения

CEO биткоин-биржи Kraken Джесси Пауэлл раскритиковал действия регуляторов штата Нью-Йорк, сравнив их с девушкой, которая преследует своего бывшего парня даже после расставания. NY is that abusive, controlling ex you broke up with 3 years ago but they keep stalking you, throwing shade on your new relationships, unable to accept that you have happily moved on […]

2018-9-20 13:46


Глава Kraken: юрисдикция Нью-Йорка — это приставучая бывшая, которая вмешивается в ваши новые счастливые отношения

CEO биткоин-биржи Kraken Джесси Пауэлл раскритиковал действия регуляторов штата Нью-Йорк, сравнив их с девушкой, которая преследует своего бывшего парня даже после расставания. NY is that abusive, controlling ex you broke up with 3 years ago but they keep stalking you, throwing shade on your new relationships, unable to accept that you have happily moved on […]

2018-9-20 13:46