Kraken CEO Says He’d Only Want to Go Public at a Valuation Above $10B
"We are certainly on track, though $10 billion dollars is a low valuation," said Powell. "I wouldn't be interested in issuing shares at that price."
The DOGE frenzy appears to have spread to decentralized finance, where several imitator tokens have chalked up staggering single-day gains.
Bloomberg anticipates continued deflation and peak oil similar to 2018. This could be negative for bitcoin.
ETF analyst Eric Balchunas thinks a U.S bitcoin ETF could follow on the heels of successful launches in Canada.
Analysts at Bloomberg Crypto argue the largest cryptocurrency might be due for a run analogous with the steep rallies of 2017 and 2013, following prior "halvings" on the blockchain network.
The data is being provided by a Kraken unit.