Bitcoin gold

Bitcoin up to $1,000,000!

By PhoenixDev | CryptoWorld - CW | 6 Jul 2020

This is the opinion of Dan Held, the head of business at Kraken (a cryptocurrency trading platform) and that he explained in both interviews on YouTube channels.

Cointelegraph channel


Lark Davis Youtube channel

According to Held, Bitcoin could start what he calls a "super cycle" in late 2021. In this "super cycle", the expectations of the classic models in which Bitcoin values are expected between $80,000 and $300,000 could be exceeded. This situation would occur due to the fact that people may fear that their money (the one they have in the banks) will be devalued and they tend to invest in Bitcoins.

Held believes that Bitcoin, over time, will lose volatility and become a stable asset like gold, something "boring" from an investment point of view.
According to Held, “Satoshi purposely created blockchain technology to build Bitcoin. It makes so many trade offs to build Bitcoin that it is basically ineffective for almost anything else."

In this line, Held considers that enough experiments have been done with altcoins, and that the only thing they have shown is that blockchain is only useful for Bitcoin.

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