Epic Bitcoin, Ripple, Ethereum and Altcoin Forecast from Kraken CEO!
Despite the economic downturn caused by the coronavirus pandemic, Kraken CEO Jesse Powell predicts that Bitcoin (BTC) and other cryptocurrencies will perform well in the coming months.
Kraken CEO: Bitcoin, Ripple, Ethereum and altcoins have soared up!
In an interview with Forbes, Kraken CEO Jesse Powell reveals that many companies have increased their staff by about 10% while firing their workers. The CEO of the San Francisco-based cryptocurrency exchange adds that he has been making such a move since the emergence of the coronavirus in China, largely due to the growing interest in the cryptocurrency market. Kraken CEO continues his statements regarding the matter with the following words:
FIRST OF ALL, WHEN THE EPIDEMIC NEWS REALLY BEGAN TO SPREAD, WE SAW THAT WE HAD RECEIVED MANY NEW RECORDS. IN THE PAST FEW WEEKS, THIS NUMBER HAS INCREASED SLIGHTLY. EVERY DAY WE RECEIVE MORE REGISTRATION, MORE VERIFICATION REQUESTS. IN THIS PROCESS, MORE PEOPLE ARE FINANCING THEIR ACCOUNTS, AND SINCE WE SAW THAT EVERYTHING WOULD BE CONCENTRATED FOR US, WE DECIDED THAT IT WOULD BE A LOGICAL DECISION TO RECRUIT MORE STAFF TO OUR TEAM.
Jesse Powell: Bitcoin and altcoins have traders eagerly trading in the economic crisis
Jesse Powell noted that Bitcoin, Ripple, Ethereum, and other cryptocurrencies have individual investors who eagerly traded in this economic crisis. He also stressed that the famous CEO, Bitcoin remained relatively stable, and that king cryptocurrency rose only 30% last week. Kraken CEO adds:
IF YOU LIVE IN BITCOIN FOR ANY PERIOD OF TIME, YOU ARE USED TO THIS FLUCTUATION LEVEL. YOU LIVE YOUR LIFE ON THE ROLLER COASTER, AND WHAT’S HAPPENING IN BITCOIN IS NOT THAT EXTREME FOR BITCOIN. WHAT IS HAPPENING TO THE REST OF THE WORLD SEEMS VERY EXTREME WITH THIS COMPARISON.