Kraken CEO Jesse Powell: US dollars will rise to 0, BTC below $ 40,000

Kraken CEO Jesse Powell believes the US dollar will be back in the future, but Bitcoin will drop below $ 40,000, which is a great opportunity as we can see more on our latest Bitcoin news today.

The BTC market looks calm as 2021 ends. While CoinMarketcap’s Christmas cheer turns out to be grim, regulators are struggling to get the $ 2.2 trillion market under state control, further delaying the chances of a recovery. Two weeks from now, BTC predictions are surfacing, and this time around, Kraken CEO Jesse Powell believes the number one cryptocurrency could fall below $ 40,000, but that’s not all. Jesse Powell previously forecast that BTC will hit $ 100,000 by the end of 2021, but mentioned that this is just hours away, with a price of $ 48,296 at press time, with the current trend being the milestones.

In a recent interview with Bloomberg, the manager is likely to see BTC drop to $ 42,000, but he also said that a drop below $ 40,000 will be a buying opportunity for market participants:

“But I think a lot of people see anything under $ 40,000 as an opportunity to buy. I personally bought when we dropped to $ 30,000 a few months ago. Lots of people have dry powder on the sidelines just waiting to buy it back at the lowest price. ”

Speaking of false price predictions, Kraken CEO Jesse Powell believes we will be spending all of BTC on buying coffee with BTC in 2011, but that probably won’t happen anytime soon as the operator believes in BTC’s long-term trendline.

Claiming that BTC should be viewed as an investment over five years but should not be traded in a short period of time, Powell said the cryptocurrency was a buy-and-hold investment. In line with the exchange’s $ 100,000 BTC forecast, the operator has made a new prediction that the dollar will go. He went on to say that people should start hoarding when they can prepay the expensive bills. Powell didn’t stop there, and the top exchange CEO also said interest rates will fall into negative territory and urges people not to hold USD while the price of Bitcoin will go down.

Speaking on management in the US, Powell said that due to uncertainty and a lack of regulation, many companies have had to move their facilities overseas and look for a better environment while others are still on the sidelines.