Bitcoin Finally Breaks $10,000! BTC Would Be Worth Much More If The Masses Understood Crypto’s Power, Kraken Says
Bitcoin finally did it. The king coin was finally able to suppress the extremely important level of $10k – this is a crucial FOMO-triggering level, and BTC has been trying to hit it for quite a while.
After re-testing it multiple times, BTC finally achieved this important step.
At the moment of writing this article, BTC is trading in the green and the king coin is priced at $10,103.54.
Bitcoin is on a long term rally to $100k
The CEO of Kraken said that he believes Bitcoin is on the verge of a new long term rally to $100k.
During a recent conference, Jesse Powell said that the masses don’t understand the importance of Bitcoin’s scarcity and independence from banks and middlemen.
He is expecting that to change in the upcoming decade when the value dwindles.
“I don’t think Bitcoin is even priced into Bitcoin. Most people have heard about Bitcoin but they don’t own any Bitcoin. They don’t know what the future of Bitcoin is. I think if everyone knew about Bitcoin and the potential of Bitcoin and how great it was, the price would be a trillion dollars a Bitcoin. We would all just be switched over to Bitcoin and not be using anything else…” he said.
He continued and explained that “I think that there’s a lot that’s not priced in, even though it’s predictable, like what the future is. Ten years down the road, the US dollar is going to continue to be printed like crazy. It’s going to be totally worthless. No one is going to want it. Everyone is going to want Bitcoin.”
Bitcoin is not priced in
He also said that BTC is definitely not priced in yet due to the perceived risks, uncertainty about the future, regulation, the government’s reactions, and more.
He explained that BTC would be definitely worth much more if the masses better understood it.
Check out the Daily Hodl’s original article in order to learn more about what he said.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.