Jeremy Welch, an executive at the US-based cryptocurrency exchange Kraken, shared his thoughts on the catalysts behind some of the important assets of the cryptocurrency world.
Speaking in an interview with CNBC, Kraken chief product officer Jeremy Welch; He commented on crypto assets, especially Bitcoin, Ethereum, Polkadot. Welch said that the pace of increased adoption and technical advances in cryptocurrencies is the leading asset of the cryptocurrency world. bitcoinof (BTC) stated that it was thanks to its revival.
“The root cause of price changes we see in Bitcoin has often been centered around adoption or new technical developments. The most important development among these, of course, was and will continue to be the developments that added activity to the market, such as the ETF news.”
Besides Bitcoin Ethereum (ETH) and Polkadot (DOT) He also stated that the protocol updates that took place in other large-capital altcoins, such as
“If we look at the fundamentals of Bitcoin, you can see that these are really technical changes. This is very different from previous coin types because you can see the changes in BTC and directly experience how it works.”
So the technical changes taking place in Bitcoin, Ethereum, Polkadot and many other currencies are definitely one of the major reasons that increase the price whenever there is a new launch.”
As it will be remembered, Ethereum recently released an update known as EIP-1559. With this update, a small amount of ETH would be removed from the network for every transaction on the network.
Polkadot has announced that it is preparing to launch “Parachain auctions” next month, which will essentially allow blockchains to be launched on the platform.
According to Welch, the masses who want to own crypto money are also expanding. Cryptocurrency assets are now available regardless of age, region and gender.
According to Welch, Bitcoin’s rise above $66,000 is a development that pleases everyone, as this is an important level that shows that everyone who has invested recently is making a profit. Of course, it is difficult to say at what level Bitcoin will go towards the new year or towards Christmas, but an increase is likely.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.