According to Kraken CEO, Bitcoin under $40,000 is a good time to buy.

Source photo Unsplash

Bitcoin is now trading below $50,000, and Powell feels that a drop below $40, 000 would be a fantastic buying opportunity.

During the last few weeks of the year, the bitcoin market underperformed. Despite various analysts forecasting that the values of major cryptocurrencies will rise over this period, the market has performed poorly.

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