March 28, 2024

The head of Kraken spoke about the growing interest of investors in bitcoin

The head of Kraken spoke about the growing interest of investors in bitcoin

Despite the economic downturn caused by the coronavirus pandemic, Kraken CEO Jesse Powellpredicts that in the coming months, Bitcoin (BTC) and the crypto industry will feel good.

In an interview with Forbes, Powell said that against the backgroundWhile many companies are laying off workers, the San Francisco-based exchange is increasing its workforce by nearly 10%. This is dictated by the growing interest in the cryptocurrency market as a whole, especially since the emergence of the coronavirus in China.

«Over the past couple of weeks we have recordedmany new registrations. Every day we receive more and more requests for verification, and this is a signal about the need to hire additional employees»- said Powell.

The top manager noticed that cryptocurrencyTraditional markets have a certain percentage of retail investors who trade on impulse, but Bitcoin numbers have remained relatively stable. It is noteworthy that last week the main cryptocurrency recovered by 30%.

«If you have been dealing withBitcoin, you are probably accustomed to a high level of volatility. You just go through life on a roller coaster and realize that what's happening with Bitcoin right now isn't that extreme»- added Powell.

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