Kraken CEO: BTC Growing Faster Than All Other Assets, Needs to Accept Price Volatility as the Norm Now
According to U.Today, Jesse Powell, co-founder and CEO of cryptocurrency exchange Kraken, shared his thoughts on the changing price of Bitcoin. Jesse Powell said that for him, the recent negative changes in Bitcoin’s price are like a walk in the park or a roller coaster ride 10 years ago. He also noted that historically, it is unlike anything else. jesse Powell also commented on those who have recently invested in bitcoin and other cryptocurrencies. In his opinion, many people don’t understand how cryptocurrencies work and think it’s simple. jesse Powell also stressed the importance of basic knowledge and market psychology. In his opinion, Bitcoin is growing faster than all other assets and is growing at over 200% despite many negatives. Jesse Powell said that the upward and downward trends in Bitcoin prices make sense in the context of a long-term timeline. That’s because it will take a long time for the crypto market to stabilize. But for now, cryptocurrency holders and traders need to accept price volatility as the norm.