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Bitcoin News Alerts | Daily BTC News

1022: Crypto Exchange CEO Reveals $2 Million Bitcoin Prediction, Says Never Bet Against BTC!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 19 August 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

Kraken crypto exchange CEO Jesse Powell says he would NEVER bet against Bitcoin and is still hopeful of a $2 million dollar BTC price by the end of 2022. "I’m still hopeful that I’ll be able to buy a Bugatti by the end of the year for one Bitcoin. I bought in bitcoin again at $18,000, I’m happy to ride it back up," Kraken CEO Jesse Powell told Bloomberg in an interview this week, adding he's "still bullish on the long run" due to bitcoin's "fundamentals" continuing to improve. "I’d never bet against bitcoin." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:30.0

In today's show, Crypto Market Bloodbath leased over $500 million in liquidations in the past 24 hours quitting crypto chase.

0:38.6

Well, hopefully, that was liquidity seeking otherwise is over including crypto capo second option playing out any test at 23,500

0:45.9

as resistance is a good sell opportunity consolidation below 22,500 would be very bearish

0:51.9

it equal 21,000 or lower new lows are just a matter of time,

0:55.8

including venture founder. Bitcoin made a nice relief rally in the past two weeks, but the

1:00.1

bearish RSI divergence has always been in the background. If Bitcoin breaks below 22,000 again,

1:05.4

I think it is likely we see the $18,000 low again. Also in today's show, weak address growth points the Bitcoin

1:12.3

price failing to sustain $25,000. As shared here, even after the relief rally on Bitcoin in August,

1:18.8

the monthly RSI is still below the 2018 cycle bottom level. Bitcoin is still very oversold,

1:24.0

though highly unlikely we're in a new bull market. Sub-23,000 Bitcoin is still a decent price to buy for the long term.

1:30.4

And as Dan held shares here, gold is at the same price as it was in September, 2011.

1:35.3

Bitcoin is up over 400,000 percent over the same timeframe.

1:38.7

Also in today's show, can exchanges create imaginary Bitcoin to dump the price?

1:43.1

Crypto Platform Executive answers yes.

1:45.7

The exchange just adds these funds to the account, creating these Bitcoins only in their

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