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

Libra Coin News
Mon, 09/09/2019 - 09:48
Yuri Molchan
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
Cover image via

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.

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.

Image by Twitter

Ripple CEO Brad Garlinghouse to Be Keynote Speaker with SEC Chairman at Fintech Week 2019 Event

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.

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.

This site uses cookies for different purposes. Please set your preferences in Consent Settings and visit our Cookie Policy for more information on how and why cookies are used on this site.

Cookie policy