Kraken CEO Jesse Powell told Bloomberg TV that Bitcoin under $40,000 would be a “buying opportunity.”
Powell says that he was personally buying Bitcoin when it dipped back to $30,000, claiming that people have “dry powder” on the sidelines to buy more during such corrections.
As reported by U.Today, Mike Novogratz predicted that Bitcoin would remain above the $42,000 level, but he is also bearish on the crypto market in the short term since he believes that it will be negatively affected by the “messy” U.S. equities market in late 2021 and early 2022.
The Kraken CEO also addressed his failed $100,000 prediction, saying that he thinks about Bitcoin as a long-term investment since it is difficult to predict the cryptocurrency’s short-term price moves due to its inherent volatility.
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