Jesse Powell Bitcoin Jesse Powell Bitcoin

Kraken Crypto Exchange Founder Jesse Powell Says This One Thing Can Trigger the Next Bull Market

Reading now: 326

Jesse Powell, co-founder and former CEO of cryptocurrency exchange Kraken, has predicted that the upcoming Bitcoin halving can trigger the start of the next bull market.

Powell, who appeared in an episode of the Bankless podcast, talked about the overall state of the crypto industry following the unprecedented collapse of FTX and speculated what could propel the space out of the ongoing bear market."It’s just a massive hit to lose $10 billion in capital from this industry.

To have that just stolen away, that could’ve gone to great stuff and moved this industry forward. So that’s going to take some time to recover from," he said.

Powell added that the fallout of FTX delivered billions in losses to many retail users as well as institutions, leaving the crypto industry with a reputation to repair, which will ultimately take some time.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News