515: SUPERCYCLE MAY PROPEL BITCOIN OVER $1 MILLION SAYS KRAKEN’S DAN HELD!! MORGAN STANLEY BUYS BITHUMB?!
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English - March 19, 2021 14:39 - 17 minutes - 8.68 MB - ★★★★ - 537 ratingsTechnology Education bitcoin binance bitcoinnews bitcoinnewstoday bitcoinprice bitmex blockchain btc btcnews crypto Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million.
In Held’s view, this market cycle is fundamentally different from previous ones. “This is one in a hundred year moment”, he said, mentioning the coronavirus crisis, growing distrust in financial institutions and central bank money printing as catalysts of the current crypto bull market.
“People aren't just in it for a speculative run anymore. People are buying it because they see Bitcoin's value”, he explained. Held is also convinced that once Bitcoin will reach its full potential as digital gold, it will challenge governments’ monopoly over money.
“Bitcoin undermines their entire power and authority by removing money from their ownership,” he said.
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