{"id":206202,"date":"2021-03-19T14:04:00","date_gmt":"2021-03-19T11:04:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/supercycle-may-propel-bitcoin-over-1-million-krakens-dan-held-says\/"},"modified":"2021-03-19T14:04:00","modified_gmt":"2021-03-19T11:04:00","slug":"supercycle-may-propel-bitcoin-over-1-million-krakens-dan-held-says","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/supercycle-may-propel-bitcoin-over-1-million-krakens-dan-held-says\/","title":{"rendered":"# Supercycle may propel Bitcoin over $1 million, Kraken\u2019s Dan Held says"},"content":{"rendered":"

“# Supercycle may propel Bitcoin over $1 million, Kraken\u2019s Dan Held says <\/strong>”
\n<\/p>\n

According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million.<\/p>\n

In Held\u2019s view, this market cycle is fundamentally different from previous ones. \u201cThis is one in a hundred year moment\u201d, he said, mentioning the coronavirus crisis, growing distrust in financial institutions and central bank money printing as catalysts of the current crypto bull market.<\/p>\n

\u201cPeople aren’t just in it for a speculative run anymore. People are buying it because they see Bitcoin’s value\u201d, he explained.<\/p>\n

Held is also convinced that once Bitcoin will reach its full potential as digital gold, it will challenge governments\u2019 monopoly over money.<\/p>\n

\u201cBitcoin undermines their entire power and authority by removing money from their ownership,\u201d he said.<\/p>\n

At that point, governments will see crypto as a threat and crack down on it in what Held defines as a \u201ccrypto mass extinction event.\u201d According to Held, altcoins won\u2019t be able to survive such an attack, since most of them are \u201cdegrading their censorship resistance and decentralized properties in order to increase their throughput.\u201d Bitcoin, however, was specifically designed to resist such censorship.<\/p>\n

\u201cSatoshi built the Blockchain to build Bitcoin, and he built it to be an incredibly resilient tool against governments,\u201d Held said.<\/p>\n

Watch the full interview on our Youtube channel<\/a> and don\u2019t forget to subscribe!\n<\/div>\n

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If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# Supercycle may propel Bitcoin over $1 million, Kraken\u2019s Dan Held says ” According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million. In Held\u2019s view, this market cycle is fundamentally different from previous ones. \u201cThis is one in a hundred…<\/p>\n","protected":false},"author":1,"featured_media":206203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvMzkyNzI0ZGEtOGE0Zi00YjYxLTkxM2UtN2NkZGVjMzFmNzhlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,74894,74863,74868,74355,71835,71511,73785,70934],"class_list":["post-206202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-blockchain","tag-cryptocurrencies","tag-defi","tag-adoption","tag-gold","tag-government","tag-markets","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/206202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=206202"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/206202\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/206203"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=206202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=206202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=206202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}