Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: H2O on June 04, 2021, 03:07:04 PM
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Despite the recent sharp correction in the crypto market, Jesse Powell, Co-founder and CEO of major crypto exchange Kraken, still claims that one bitcoin (BTC) will buy you a Lamborghini (starts at USD 200K) by the end of the year, but he stressed that people should not gamble with their much-needed money in the crypto markets and instead treat BTC as a five to ten-year investment.
“Don't invest anything more than you can afford to lose. Don't gamble your rent on bitcoin with the prices up and down 50% in any given week. You've really got to be able to think about this investment and hold for five to 10 years,” he told in an interview with Bloomberg TV.
According to the CEO, while BTC remains “an absolutely fantastic investment” he does not recommend putting 100% of one’s portfolio into bitcoin, especially when it comes to “food money.”source (https://cryptonews.net/750949/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)