South Korea’s Bithumb Launches Zero Fee Transfers to Global Platform

15h
cointelegraph

Altcoin News Ethereum News Technology NFT News CryptoKaiju: 2019 in Review By Oliver Carding - February 14, 2020 86721 0

15h
coinjournal

Australian Soccer Club Calls Off Purchase Deal With Controversial Crypto Company

15h
cryptonewmedia

Ripple Partners with Major European Money Transfer Service, Proving XRP's Potential

15h
utoday

EOS Burns $132M Worth of Tokens to Curb Inflation

15h
bitcoinist

Bitcoin (BTC) Is Days Away From The Next Big Move

15h
cryptodaily

EOS.IO (EOS) to Release Solution to Save RAM Capacity: Details

15h
utoday

Bitcoin Halving Not Priced In: Is The Market Still In For A Big Year?

15h
zycrypto

Coinbase becomes a Visa principal member

15h
cryptonewmedia

Coronavirus Effect: Investors Are Selling Bitcoin [BTC] To Increase Cash Positions, Confirms Analyst

15h
coingape

$9,000 is “Do or Die” for Bitcoin: Can Bulls Hold the...

15h
newsbtc

How to Earn Bitcoin with a Mobile Phone in 2020?

15h
cryptodaily

Morgan Creek Digital's Anthony Pompliano Explains Why He Is So Bullish on Bitcoin

15h
cryptoglobe

Таинственный майнер сумел присвоить себе тысячи утерянных владельцами монет Bitcoin Cash

16h
coinfox

XRP, Ethereum Getting Obliterated While Bitcoin’s Dominance Accelerates

16h
zycrypto

ConsenSys Continues Restructuring Process with ConsenSys Health Spin-Off

16h
cryptonewmedia

Bank of Canada: “There is not a compelling case to issue a CBDC.”

16h
cryptodaily

Why Is Bitcoin (BTC) Price Down 12 Percent? Top Analyst Calls Its Safe Haven Status Into Question

16h
utoday

Judge Reduces Bitcoin Miner CEO’s Role in $27M Pump-And-Dump

16h
bitcoinist

Judge Says Plaintiff Can Proceed Against AT&T in $24M Hack Case

16h
cointelegraph

Malta’s Financial Watchdog Releases Industry Feedback on Security Tokens

16h
cointelegraph

Finnish Customs Controls $15 Million in Seized Cryptocurrency

16h
cryptoglobe

Swiss Stock Exchange Invests in Institutional Trading Platform for Digital Assets

16h
cryptonewmedia

Bitcoin (BTC) Hacker Victim Approved to Sue AT&T, Judge Takes His Side

17h
utoday

Tron’s (TRX) Justin Sun Announces BitTorrent (BTT) File System Beta: What's New

17h
utoday


“Bitcoin is very much at the start of a bull run” - Kraken Director

cryptodaily

12d ago

Earlier this week the prominent and popular crypto commentator, Anthony Pompliano spoke on the leading cryptocurrency following its surge up to $10,000 on the 9th of February. In his opinion, this is just the start of the flagship cryptocurrency being able to reach $100,000 by 2021.

Around four months since the leading cryptocurrency fell under the $10,000 mark, some commentators would say that that would be the end of the cryptocurrency. Despite this, there has been a lot of institutional adoption with more development and better investment vehicles going on within the industry. The director of business development and cryptocurrency at the Kraken platform, Dan Held, has recently made an appearance on The Breakdown podcast where he spoke on what’s changed since the last time bitcoin was up above the $10,000 level.

Held specifically talked on what the price of bitcoin is reflecting in the industry and said that the aggregate belief in what its value is can be is somewhat subjective. He also spoke about how fear and greed are simply manifested into the price - and quite heavily at that.

He said “when Bitcoin was $3000, a lot of people were very afraid,” whilst highlighting how most people in the community would jump at the opportunity to buy it at that price today.

As an aggregate reflection of market sentiment, Held also believes Bitcoin’s price is a signal of its legitimacy to the rest of the world. With the bottom having already been printed, and Bitcoin’s successful defence of price dips down to $6500, it looks like we could be in a strong buyers market.

As an aggregate reflection of the mood of the market, Held also thinks that the price of bitcoin is a signal of it being a legit asset for the rest of the world. With the bottom having already set, the successful defence of dips in the price for the leading cryptocurrency down to $6,500, it looks like we could be in for a strong buyers market in the near future.

Following off what Pompliano said earlier this week, Held said the following:

It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments