The chief executive officer of crypto exchange Kraken shared his thoughts on the current situation of Bitcoin price and hinted he may go into Bitcoin with his all funds investment.
Kraken is a United States-based crypto exchange and bank. This exchange was founded in 2011. The exchange provides trading services globally. At the present time, Exchange is standing at 4th rank, in terms of high trade volume contribution. In April 2022, Exchange secured crypto license in Abu dhabi.
On 10 May, the Crypto market faced a significant correction where Bitcoin plunged below the $30,000 price. And that resulted in a very bitter situation for the majority of the legendary crypto assets, including UST and Luna with a significant downfall.
On the same day, Jesse Powell, CEO of Kraken exchange, tweeted about the price of Bitcoin and confirmed that he is holding his Bitcoin at the $30k price, which he purchased in July of last year. And also he is strongly holding his position on Bitcoin.
Kraken CEO wrote that if Bitcoin will hit $20k then he will invest his rest of 50% wealth in Bitcoin.
“I spent half my available capital to buy #BTC at $30k in July. Still holding, ofc. I told myself I’d have to see $20k to go all-in. Godspeed, paper hands. Godspeed.”
In the same tweet thread, he indirectly replied to all the people, whether he was holding Bitcoin since 2011 or not.
These things clearly show that Kraken’s CEO failed to have trust in the potential of bitcoin before 2021. In 2021, he started to collect Bitcoin and now he is looking for a better opportunity to get into bitcoin.
The current price of Bitcoin is $30,882 and at this price, bitcoin is 4.36% down over the last 24 hours trade price, while 20.83% down over the last week’s price.