Home Crypto Kraken’s Dan Held Predicts Bitcoin Surging Over 500% if BTC Mimics 2013...

Kraken’s Dan Held Predicts Bitcoin Surging Over 500% if BTC Mimics 2013 Bull Market

Dan Held, the director of progress advertising and marketing at crypto trade Kraken, says that Bitcoin (BTC) might surge by over 500% if the highest cryptocurrency follows the cycle of its 2013 bull run.

In a brand new interview on Altcoin Daily, Held compares the present state of the crypto market to what occurred in 2013.

“This is my third cycle… This seems like 2013. We have a giant bull run occur within the early a part of the 12 months round March, April May. Things sort of fall, come down a bit of bit, we’ve got a bit of little bit of a retrace, issues go sideways…

This does really feel like 2013 the place we’ve acquired that intense half at first, sideways chop motion, after which later within the 12 months, we’ve got a second wave. So it seems like that.”

Held says that the present pattern suggests {that a} Bitcoin supercycle is within the playing cards.

“I’d say… 2013 utilized to now can be my definition of a supercycle, like a mega-cycle, like a supercycle when it comes to both an extended bull run than we anticipated or a way more intense bull run than we anticipated.

If we go 10x from right here, we’re taking a look at like $400,000 of Bitcoin. That’s what occurred in 2013. It went from $100 to $1,200, even 12x. So I’d say that sort of places us squarely in kind of supercycle territory as a result of at $400,000 Bitcoin, that’s principally flippening gold. I nonetheless assume there’s an opportunity.”

He additionally shares his worth prediction primarily based on Bitcoin probably mimicking its 2013 cycle.

“If we repeat 2013, we might see Bitcoin hitting between $300,000-$400,000 Bitcoin. Now. historical past often rhymes, it doesn’t repeat itself, so it’s most likely not going to be precisely that, however if it did, that will be my finest worth level.

So my worth level, I’d say that I believe it’s going to land most likely between [$100,000 and $300,000]. But if we match 2013 once more, it might be [$300,000 to $400,000].

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