According to Dan Held, growth lead at Kraken, Bitcoin (BTC) is currently experiencing a supercycle that could propel it all the way to $1 million.
In Held’s view, this market cycle is fundamentally different from previous ones. “This is a one in a hundred year moment,” he said, mentioning the coronavirus crisis, growing distrust in financial institutions and central bank money-printing as catalysts of the current crypto bull market.