• Powell Kraken Bitcoin $1 million
    Bitcoin,  People

    Bitcoin $1M is ‘very reasonable’ says Kraken’s Jesse Powell

    The U.S. cryptocurrency exchange and bank’s CEO also said $10 billion is too low a price to take Kraken public

    “We can only speculate, but when you measure it in terms of dollars, you have to think [Bitcoin’s] going to infinity,” Powell said in a March 4 interview with Bloomberg. Pushed to be more specific, he said, “I think $1 million as a price target within the next 10 years is very reasonable.”

  • Bitcoin $20T Shark Tank O'Leary
    Bitcoin,  People,  Regulation

    Bitcoin headed to $20T: Shark Tank’s Kevin O’Leary

    The one-time crypto naysayer has changed his tune—and come out as a long-time hodler—thanks to regulators’ recent embrace of Bitcoin exchange traded funds

    During an interview with market research firm Stansberry Research, O'Leary said that a target price of $100,000 per Bitcoin does not seem improbable to him anymore. O’Leary, who once said he would never invest in Bitcoin, admitted that he has had both Bitcoin and Ether investments since 2017, but “not really been able to speak about it because regulators really frowned on it.”

  • Elon Musk trolls SEC again
    Alt coins,  Bitcoin,  People,  Regulation

    Elon Musk trolls SEC… again

    A week after saying he thinks it ‘would be great’ if he were investigated for his Dogecoin tweets, Tesla’s chairman posted a meme taking credit for shoring up DOGE’s price

    Elon Musk seems serious about angering the SEC with his memes. Despite the rumors about the regulators investigating his Dogecoin-promoting tweets, he posted another relevant meme on March 1, claiming that his memes have protected DOGE’s price.

  • Kraken $10 bilion coinbase S-1
    Cryptocurrencies,  People,  Regulation

    Kraken looks for $10B valuation as Coinbase prepares to go public

    The U.S. based exchange’s funding round set to value it at as much as $20 billion, while larger rival Coinbase’s S-1 filing could see it worth $100 billion

    Kraken is in talks with firms including Fidelity, Tribe Capital and General Atlantic to raise the funds. However, if demand is as high as some suspect it will be, Kraken’s value could exceed $20 billion. That follows yesterday’s news that its larger competitor, Coinbase, filed a Form S-1 with the U.S. Securities and Exchange Commission, confirming reports that it will go public with a direct stock listing, probably on Nasdaq.