RATE Group | Crazy Bitcoin supercycle points to $2 million – Kraken Executive
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Crazy Bitcoin supercycle points to $2 million – Kraken Executive

18 Apr Crazy Bitcoin supercycle points to $2 million – Kraken Executive

Posted at 22:55h in Cryptocurrency News by

  • The Coronavirus stimulus package by the US Fed and Treasury could be key factors towards Bitcoin surge to $2 million.
  • As long as people, commercial banks and institutions fear devaluation of currency, Bitcoin is the ultimate winner.

Bitcoin is in total lockdown under $7,000 after recovery from the recent low at $6,575 stalled marginally above $6,900. The recovery comes after Bitcoin retreated from highs above $7,500. Although the drab price action below $7,000 raises questions whether a pre-halving pump is possible, Dan Held, the business development manager at Kraken exchange says that this just the beginning of a massive long-term rally.

Held was speaking in a YouTube Interview with Lark Davis where he discussed why he thinks Bitcoin is on verge of a major bull run that could hit $2 million per BTC in the next few years. He started by saying that Bitcoin has maturely reacted to the COVID-19 pandemic, at the same time, it did not need any external…

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