Jesse Powell revises Bitcoin forecast to $ 42,000

There are only two weeks left until the New Year, and this is the time for forecasts on the price of Bitcoin. CEOKraken Jesse Powell does not rule out that the flagship cryptocurrency could fall below $40 thousand. But that is not all.

Previously, the top manager predicted that Bitcoin would reach $100,000 by the end of 2021. Of course, with the current price of $47,000, this is hardly possible.

In this regard, in an interview with Bloomberg TV, Powell said that there is a possibility that Bitcoin will fall to $42,000. He also said that a fall below $40,000 will intensify mass buying.

I think many people consider anything thatless than $ 40,000 as an opportunity to buy. I personally bought when we dropped to $ 30,000 a few months ago. A lot of people have stocks and are just waiting for a drop in prices.

The CEO of the crypto exchange has moreone prediction is that "the dollar tends to zero." He advised to stock up on gasoline and milk, as well as prepay tuition and health insurance. Moreover, the CEO said interest rates would fall into negative territory and urged people not to keep dollars.

Source