Kraken CEO Jesse Powell said that if Bitcoin (BTC) drops to $20,000, he will invest all his wealth in Bitcoin.
Jesse Powell, CEO of cryptocurrency exchange Kraken, revealed last July that he used half of his fortune to buy Bitcoin. In his statement today, he said that if the value of the asset drops to $ 20,000, he will allocate all his wealth to Bitcoin.
Powell is not worried about the collapse of cryptocurrencies. Powell has been playing an active role in the industry since 2011.
Powell stated that there is a buying opportunity when Bitcoin is under $40,000. According to him, this is the right time for people to invest in Bitcoin. However, as Powell said these, the value of the asset was around $ 50,000. The Kraken CEO went even further, arguing that the value of the US dollar would “go to zero”.
