The head of the Kraken cryptocurrency exchange: “Bitcoin price could reach $ 1 million in the next 10 years”

The head of the Kraken cryptocurrency exchange: “Bitcoin price could reach $ 1 million in the next 10 years”

Jesse Powell, head of digital cryptocurrency exchange Kraken, shared his forecast for the value of Bitcoin. If the most daring analysts recently predicted the growth of the value of this cryptocurrency to the level of about 150 thousand dollars, then Powell did not waste time on trifles. In his media interview, he said that the price of bitcoin could hit the $ 1 million mark in the next 10 years.

Bitcoin proponents believe that eventually this cryptocurrency could replace all fiat currencies, and Jesse Powell agrees with them: “We can only assume, but if measured in dollars, we can think that it [Bitcoin] will be endless. A true believer will tell you that he will go to the Moon and Mars and will eventually become the world’s currency. “

In addition, Powell said he is considering listing Kraken next year. At the moment, the service is actively raising funds. But even a capitalization of $ 10 billion seems to him a bad start for trading on the stock exchange. “Personally, I believe that $ 10 billion – this is a low score. I’m not interested in selling shares at that price, ”Powell said.

Since the beginning of 2020, the price of Bitcoin has skyrocketed by almost 600 percent, but there is no consensus yet on what comes next. Some analysts consider cryptocurrency to be a speculative asset, while others predict a great future for it. And while some experts argue with others, miners continue to earn very good money. But gamers, on the contrary, are indignant: the more expensive Bitcoin, the more expensive and scarce a video card.

The head of the Kraken cryptocurrency exchange: “Bitcoin price could reach $ 1 million in the next 10 years”

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