Supercycle May Propel Bitcoin Over $1Ml -Dan Held Says
Dan Held believes Bitcoin just might reach $1 million and that we are witnessing it experience a “supercycle”
Supercycle may propel Bitcoin over $1 million, Kraken’s Dan Held says
“In Held’s view, this market cycle is fundamentally different from previous ones. ‘This is one in a hundred year moment’, he said, mentioning the coronavirus crisis, growing distrust in financial institutions and central bank money printing as catalysts of the current crypto bull market.
‘People aren’t just in it for a speculative run anymore. People are buying it because they see Bitcoin’s value’, he explained.
Held is also convinced that once Bitcoin will reach its full potential as digital gold, it will challenge governments’ monopoly over money.”