In August, the exchange's CEO predicted that BTC would cost $100,000 by the end of this year. Now he has retracted his words.
In an interview with Bloomberg, Jesse Powell said:
The onset of a crypto winter is a very likely possibility. However, many see a dip below $40,000 as a great buying opportunity. I've personally bought on the dip towards $30,000 this year and think there are still many people waiting to buy at bargain prices.
He added:
And while Bitcoin may fall for a while, if we look at the long-term trend, we see that the price is steadily moving higher. I advise that if you are thinking about buying Bitcoin, then plan a long-term investment for 5+ years.
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According to cointelegraph.com
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