Kraken CEO: Winter Crypto Could Appear Bitcoin Under $ 40,000 Would Be A Buy.

Kraken cryptocurrency exchange chief executive Jesse Powell told Bloomberg on the 15th that while bitcoin below $ 40,000 is a good buy, the dollar is more concerned about the lack of financial impact.

When asked if he agrees with the $ 42,000 sponsorship statement made by Galaxy Digital CEO Mike Novogratz, Powell said, “However, a potential crypto winter is possible.

However, Powell also believes the market will recover from the bearish market once investors start buying crypto assets. For Bitcoin below $ 40,000, that also means: I think a price under $ 40,000 is a good buy. In the past, when Bitcoin dropped to almost $ 30,000, I would buy it. And I think a lot of people wait for the lows to buy the lows.

Bitcoin should be considered an investment of 5 years or more.

In an interview, the program also revisited Bitcoin's last 100,000 yuan, which Powell said in August of this year. When asked if this was still appropriate, Bauer said, “A few days ago and patterns were hard to tell. Wait!

When it comes to Bitcoin's huge price volatility, it's hard to predict the next market trend, so I think the best way to invest is to buy cryptocurrency and hold onto it.

Powell also noted that he has been promoting Bitcoin for a long time and shows gains along the long term trendline.

"Anyone looking to invest in Bitcoin should consider their investment of 5 years or more, as the short model is difficult to predict."

Data from TradingView shows Bitcoin has lost more than $ 20,000 since its peak of $ 69,000 in November, with the largest drop at 29.3%.