Back in August, Kraken CEO Jesse Powell shared the point of view of those analysts who predicted Bitcoin's soar to $ 100,000 by the end of this year. Among such experts, for example, Bloomberg strategist Mike McGlone stands out.
However, this week Powell unexpectedly corrected his position and allowed the return of the so-called "crypto winter".
In an interview with Bloomberg, the Kraken CEO said the market could see a strong decline in the short term.
Trending: Smart Contracts Audits Startup Hexens Closed $4.2 M Seed Funding
Nevertheless, based on the long-term outlook for Bitcoin, Jesse Powell is still in a bullish scenario.
In his opinion, the cryptocurrency will be able to quickly recover, after which it will resume the offensive. Investors will buy aggressively as soon as BTC drops below $ 40,000.
The head of the exchange stressed: "I bought when we dropped to almost $ 30,000 a few months ago. I think a lot of people are just waiting to get back to the market in the most comfortable conditions possible."