Kraken CEO Urges Crypto Community Not to Lose Perspective

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Thu, 12/20/2018 - 08:08
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    Kraken CEO Jesse Powell demonstrates how the definition of the ‘bullish’ prediction has changed over the past two years

Kraken CEO Jesse Powell has recently taken to Twitter to weigh in on the current state of the crypto industry. He posted a screenshot of his 2016 Reddit AMA session, where he predicted that Bitcoin would reach $2,200 in 2018, to prove that it’s all about the right perspective.

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Bitcoin’s price was still below the $1,000 mark back in the day (it reached its 2016 peak of $807 on Dec. 21). Not surprisingly, the aforementioned prediction was perceived as ‘nice and bullish’ by the crypto community since hardly anyone could have predicted the upcoming exponential growth of the flagship currency.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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