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Kraken BD Director: ‘You Can’t Afford Not to Own Bitcoin’


news.u.today 09 September 2019 14:30, UTC
Reading time: ~2 m

Despite the fact that the Bitcoin price is decreasing at the moment, experts in the cryptocurrency sphere are predicting that in the near term the cost of BTC will rise.

Now that the Bitcoin price has dropped a little, many are buying on the low to enjoy possible profits later on.

Meanwhile, some are thinking of Bitcoin in the long-term prospect. In a recent tweet, the director of Business Development at the Kraken exchange, Dan Hedl, stated that ‘you cannot afford not to own Bitcoin’.

The phrase is similar to a thought that the crypto expert and investor Anthony Pompliano once expressed during a debate at a CNBC show, when he said that these days it is ‘irresponsible’ for a financial institution not to own Bitcoin, despite its high volatility.

Dan Hedl, however, was addressing regular retail investors.

You can’t afford not to own a Bitcoin.

— Dan Hedl (@danheld) September 8, 2019

What if you cannot afford to buy BTC?

In the comment thread, one Twitter user asked what he should do if he cannot afford to buy a single BTC, being on a student loan. Several users offered a simple solution – he should buy at least Satoshis, as many as he can afford, and own Bitcoin in part.

You can't afford not to own Satoshis.

— Fed⚡️ (@feulf) September 8, 2019

It may be the only way to pay the loan back.

— Bitcoinbam (@Bitcoinbam2) September 8, 2019

KuCoin is selling BTC at a discount

Meanwhile, one of the biggest crypto exchanges, KuCoin, has announced that it would sell BTC at a large discount to celebrate its second anniversary.

The blog post says that BTC will be sold for KCS (KuCoin Shares) and the exact amount of the discount will be announced on September 13.

1 BTC = The actual BTC price * Discount Rate, the discount rate will be announced on September 13, 2019.

The total amount of Bitcoin allocated for this is the 1,500,000 USDT equivalent.

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