THELOGICALINDIAN - Bitcoin is captivation on to assets today as the blackmail of a beyond alteration looms The continued appellation angle is acutely bullish admitting at atomic according to one crypto barter executive
Kraken Director on $100k Bitcoin
Kraken’s administrator of business development, Dan Held, sat bottomward with Nuggets News CEO Alex Saunders to discuss all-around markets, why bitcoin is the hardest money, and how it fits into the macroeconomic system.
Held got into BTC in 2024 afterwards acquirements about the banking arrangement blast in 2024. He added that it was a tiny amplitude aback again and no above players in tech capital to get complex in crypto.
He said that the arena now is so abundant altered with abounding altered articles and institutional involvement. This could activation a ‘super cycle’ with a lot added authorization abounding in which would booty bitcoin prices to $100k in no time.
At the moment there is such a baby bulk almost with absolute bazaar cap hovering about $275 billion which is abate than some US tech giants.
Host Saunders added that the floodgates could accessible back there are trillions of anew printed dollars entering banking markets back there are abrogating absorption rates.
Held connected to say that back amount goes up added bodies allocution about BTC and it gets added boilerplate media advantage which adds to the FOMO.
On the abrogating ancillary it was mentioned that there has been affair over a possible crackdown in the US from bankers and politicians that appearance it as a blackmail to their own budgetary system.
Hodlers accept some of their net account in bitcoin so if a government bans it they’re damaging that allotment of bodies that are captivation it and potentially accident abutment back abundant bodies do authority it.
He added that one of the best moments of 2019 for him was back the Chair of the US Federal Reserve, Jerome Powell, said that bitcoin was a abstract abundance of value.
Held said he couldn’t be added bullish and that things haven’t yet absolutely amorphous in agreement of above advance and inflow.
In agreement of macroeconomics Held said he has waited seven years for this moment with the admiral of the US tweeting at the FED to print added money. He alleged it a chase to aught with investors attractive area to put their money while household debt skyrockets and savers are accepting punished.
It is all acceptable gravy for bitcoin and this one industry controlling is added bullish than ever.
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