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Kraken BD Director: ‘You Can’t Afford Not to Own Bitcoin’

  • Yuri Molchan
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    As numerous experts predict a rise of the Bitcoin price in the near future, the BD director of Kraken exchange states that having at least 1 BTC is a must

Kraken BD Director: ‘You Can’t Afford Not to Own Bitcoin’
Cover image via www.123rf.com
Contents

Despite the fact that the Bitcoin price is decreasing at the moment, experts in the cryptocurrency sphere are predicting that in the near term the cost of BTC will rise.

Now that the Bitcoin price has dropped a little, many are buying on the low to enjoy possible profits later on.

Bitcoin price 09/09/19
Image by CoinMarketCap

Meanwhile, some are thinking of Bitcoin in the long-term prospect. In a recent tweet, the director of Business Development at the Kraken exchange, Dan Hedl, stated that ‘you cannot afford not to own Bitcoin’.

The phrase is similar to a thought that the crypto expert and investor Anthony Pompliano once expressed during a debate at a CNBC show, when he said that these days it is ‘irresponsible’ for a financial institution not to own Bitcoin, despite its high volatility.

Dan Hedl, however, was addressing regular retail investors.

What if you cannot afford to buy BTC?

In the comment thread, one Twitter user asked what he should do if he cannot afford to buy a single BTC, being on a student loan. Several users offered a simple solution – he should buy at least Satoshis, as many as he can afford, and own Bitcoin in part.

Twitter comments Bitcoin
Image by Twitter

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KuCoin is selling BTC at a discount

Meanwhile, one of the biggest crypto exchanges, KuCoin, has announced that it would sell BTC at a large discount to celebrate its second anniversary.

The blog post says that BTC will be sold for KCS (KuCoin Shares) and the exact amount of the discount will be announced on September 13.

1 BTC = The actual BTC price * Discount Rate, the discount rate will be announced on September 13, 2019.

The total amount of Bitcoin allocated for this is the 1,500,000 USDT equivalent.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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