Wealthy Economist Predicts: Silver will fall next year and it will trade if Bitcoin drops below $ 40,000.

Jesse Powe (7.82, 0.26, 3.44%), founder and CEO of Kraken, the world's fourth largest cryptocurrency exchange, announced on Thursday that the US dollar will fall in 2022 and the value of the Bitcoin would fall too low. For $ 40,000, you can purchase the following items:

President Powell also called on investors to prepay health care and tuition fees and increase US debt.

In an interview on Thursday, he joked a bit. “I think we shouldn't be making a prediction. If you say the dollar is going to go down to zero, you should start storing oil and milk right away.

He added: "Buy as many USD contracts as you can because you will have fun for a day", "Don't hold the USD because the interest rates will be bad".

He said "I want to know more about the money today and I want to know where the bottom is," he said.

President Powell also urged investors to buy on the bearish market, saying Bitcoin's value could fall below $ 40,000 this winter.

“A lot of people think less than $ 40,000 is the time to buy,” he said.

He added:

“I personally bought it a few months ago when it dropped to close to $ 30,000. A lot of people were looking around and waiting for their return when the prices fell.”

Bitcoin prices have fallen 0.9% in the past 24 hours, according to data from cryptocurrency asset value tracker CoinGecko. On Thursday, the price of Bitcoin fell 2.81% to $ 47,838.

Powell said, "Think of bitcoin as an investment of five years or more, which goes up and down every day, every week. You don't want to trade it for a short time. It's like buying. Investing."

Powell previously estimated that Bitcoin would hit $ 100,000 by the end of this year or next year.