{"id":27775,"date":"2024-03-18T08:57:38","date_gmt":"2024-03-18T08:57:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/really-close-to-the-tipping-point-kraken-strategy-head-says-about-bitcoin\/"},"modified":"2024-03-18T08:57:38","modified_gmt":"2024-03-18T08:57:38","slug":"really-close-to-the-tipping-point-kraken-strategy-head-says-about-bitcoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/really-close-to-the-tipping-point-kraken-strategy-head-says-about-bitcoin\/","title":{"rendered":"“Really Close to the Tipping Point” Kraken Strategy Head Says About Bitcoin"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
\n<\/p>\n

\n

After reaching new record highs at the start of the previous week, the weekend saw the Bitcoin<\/a> price falling below $70,000. Thomas Perfumo from Kraken, during an interview with Jordan Smith on CNBC\u2019s Crypto World, offered his insights into Bitcoin\u2019s situation and its broader implications for the cryptocurrency market.<\/p>\n

Perfumo made it clear that fluctuations in Bitcoin\u2019s value are part of the market\u2019s nature, especially after periods of strong growth. He pointed out Bitcoin\u2019s relatively small market capitalization in the context of the global economy, despite nearing a $1 trillion valuation. Compared to the traditional fiat currency market, Bitcoin still plays a minor role.<\/p>\n

\u201cIn terms of market capitalization, Bitcoin still has a long way to go when compared to the traditional fiat currency market,\u201d<\/em> Perfumo said in the interview<\/a>, emphasizing Bitcoin\u2019s potential for growth.<\/p>\n

Discussing cryptocurrency adoption, Perfumo shared optimism about reaching a wider audience. He referenced a study indicating that only 10% of the global population had adopted cryptocurrencies by last year. Historical trends suggest that adoption accelerates significantly once it exceeds the 13-15% mark, a phase known as \u201ccrossing the chasm.\u201d<\/p>\n

\u201cWe are really, really close to the tipping point, and that\u2019s what I am looking forward to over the next five years for BTC,\u201d<\/em> Perfumo stated, expressing his anticipation for a leap in Bitcoin adoption.<\/p>\n

\n
\n
\n
\n
\n
250% Extra + $125 Free Chip!<\/strong><\/strong> <\/p>\n

New players only. 250% on 1st Deposit + $125 Free Chip<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Regarding the 2024 halving<\/a>, Perfumo views it as a crucial event for Bitcoin, considering its current stage of adoption. \u201cWhen I think about this halving specifically, I think it is perhaps the most symbolic in Bitcoin\u2019s history, especially in this stage of adoption,\u201d<\/em> he remarked.<\/p>\n

At the time of writing, Bitcoin is trading at $67,975 according to CoinMarketCap<\/a> data, up 4% over the past 24 hours.<\/p>\n<\/p><\/div>\n

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

(Originally posted on : Crypto News – iGaming.org ) After reaching new record highs at the start of the previous week, the weekend saw the Bitcoin price falling below $70,000. Thomas Perfumo from Kraken, during an interview with Jordan Smith on CNBC\u2019s Crypto World, offered his insights into Bitcoin\u2019s situation and its broader implications for […]<\/p>\n","protected":false},"author":5,"featured_media":27776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27775"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=27775"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/27776"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=27775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=27775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=27775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}