Kraken CEO Jesse Powell says BTC is on track to reach the $1 million price. This is unwittingly helped by governments that continue to pursue loose monetary policies. Jesse Powell: BTC will cost $1 million In a new interview for the H3 podcast, the Kraken chief believes that there is still time to buy Bitcoin "cheap". In his opinion, in a few years we will be paying as much as $1 million for 1 BTC. - It's still early days. I think Bitcoin will easily reach $500,000 in the next few years. Look at how long it takes to print money. We will easily reach the $1 million ceiling for Bitcoin," he said. However, he suggested that every investor should approach this with some distance. -Take it easy... Invest 1-10 percent of your portfolio... I wouldn't say: go all in. Don't risk the money you have for rent, don't risk the funds you have for food. Only that if you have an investment portfolio, you should necessarily have some bitcoin in there," he explained. Other cryptocurrencies When asked about the thousands of other cryptocurrencies that are on the market, Powell says the average investor might look at it like a stock market, where it's often best to stick with the biggest, most well-known brands and names. - There are thousands of stocks you can buy. (...) Some are really strong, well-known brands, like Apple, Google and Facebook. But I think if you don't really know what to do, because you're not a Wall Street super analyst, don't buy niche stocks. Stick with the best ones (...), maybe the ones you're associated with. You use Apple devices every day, so you probably think Apple is a pretty good company. I would say do that with cryptocurrencies as well. Don't pay attention to all the new stuff that keeps coming out," he advised. In his opinion, it is best to buy BTC and ETH. - Just stick with Bitcoin and Ether. If you want to feel safe, I think Bitcoin and Ether are super safe things. Everything else becomes more exotic and [in theory] you get higher returns, but with more risk," he said. Tags btc btc at usd 1 million bitcoin price btc price jesse powell Kraken bitcoin exchange rate btc exchange rate
No comments:
Post a Comment