Jesse Powel invested half of its capital in bitcoin last year as if the asset plunges to $20,000 he will allocate the other half.
The veteran has been part of the digital asset universe since 2011. And while many would think that he is already “all-in enough,” he assured them this is not the case.
Numerous experts in the field believe such market crashes could provide certain benefits like eliminating investors with “paper hands.”In her view, markets could not expand forever, and contractions are part of their growth. She assured that bitcoin “is here to stay” and “it is not going anywhere.”that people should invest in bitcoin if its price is below $40,000. It is worth noting, though, that BTC’s USD valuation at the time was nearly $50,000.
The executive touched upon bitcoin once again shortly after Russia’s invasion of Ukraine. Back then, the Vice Prime Minister of Ukraine – Mykhailo Fedorov – asked cryptocurrency exchanges to ban Russian-based users from their platforms. Powell said he understands “the rationale for this request,” but Kraken could not halt its services to a specific group of clients without a legal requirement to do so. Hebitcoin as the “embodiment of libertarian values,” and as such, everyone should be allowed to deal with it. Moreover, he argued that many crypto holders in Russia are likely to be against Putin’s regime and the war in Ukraine.
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