Kraken CEO Jesse Powell On Why Bitcoin Price Could Reach $1 Million

Kraken CEO Jesse Powell On Why Bitcoin Price Could Reach $1 Million
фото показано с : zycrypto.com

2021-3-7 14:29

Bitcoin has sparkled so far this year. The price of the digital coin is currently experiencing a price pull back at the $50K level and that speaks volumes about its performance. Many opinions are flying around the crypto space regarding Bitcoin’s next step as its impressive journey isn’t looking to stop any time soon.

BTCUSD Chart By TradingView

Bitcoin has also seen a new wave of institutional influx as traditional financial institutions have taken more than a sudden interest in the cryptocurrency as the somewhat endless glow around the coin continues to shine.

Jesse Powell, Kraken CEO and co-founder has now stated that he believes the price of Bitcoin is “going to infinity. Mr. Powell made the comment when asked by reporters what his expectations were regarding Bitcoin.

According to Powell, Bitcoin fanatics firmly affirm that Bitcoin is going to be the world’s top currency. He added that Bitcoin’s market cap could basically equal that of the dollar as well as the euro or both of them combined.

“Of course you know we can only speculate. But when you measure it in terms of dollars you have to think it’s [Bitcoin] going to infinity,” Powell said. “And I think the true believers will tell you that it’s going all the way to the moon, to Mars, and eventually it would be the world’s currency,”

Powell also stated that Bitcoin has a very moderate chance to hit $1 million in the next 10 years, citing the rate at which the U.S. Government continues to print money as a major factor in Bitcoin’s quest to reach infinite numbers.

“I think people are increasingly looking to Bitcoin as a safe haven asset. They see it as a better version of gold, and something to protect them against all of this inflation that’s happening.”

The notion of Bitcoin being a safe haven asset had been solidified even more this year after multi-billion dollar financial corporations have labeled Bitcoin a hedge against market variations.

Powell tipped the presence of the young generation in the current crypto space as a factor that will help propel the digital coin to greater heights. The CEO of Kraken also made news back in December 2020 when he labeled the U.S fiat currency, as a “risky prospect” compared to BTC when in possession.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67973.01 (-0.12%)
Объем 24H $26.943b
Изменеия 24h: 0.27 %, 7d: -2.78 %
Cегодня L: $67324.36 - H: $68240.24
Капитализация $1339.486b Rank 1
Цена в час новости $ 50809.4 (33.78%)

bitcoin price around crypto space volumes regarding

Источник: zycrypto.com

bitcoin price → Результатов: 126


Bitcoin Price Prediction: Expert Spotlights “Very Good” BTC Buying Opportunity Amid Ethereum (ETH) ETF Frenzy – Here’s His Outook

Bitcoin’s price trajectory remains a topic of intense speculation, with analysts closely monitoring market patterns and key events. In a video analysis, top analyst Crypto Rover delved into Bitcoin’s price trends, potential breakout scenarios, and the impact of the upcoming Ethereum spot ETF decision.

2024-5-20 18:30


Bitcoin Price Trajectory: Is a Major Shift Looming? Expert Highlights These Key BTC Trends

Bitcoin, the world’s largest cryptocurrency, finds itself in a precarious position as it approaches the weekly closure, threatening to register its fourth consecutive red candle. This rare occurrence has sparked concerns within the crypto community, prompting experts like Sjuul of AltCryptoGems to analyze Bitcoin’s price action on higher timeframes.

2024-4-28 19:30


Bitcoin (BTC) price prediction after breaching $72k

Bitcoin price forecast points to a possible $82,000. Ten days remain to the much anticipated Bitcoin halving event. Kangamoon, a new meme coin, has raised over $4M in its ongoing presale taking advantage of the crypto hype created by Bitcoin’s price surge Bitcoin (BTC) has been making significant waves in the cryptocurrency market, with its […] The post Bitcoin (BTC) price prediction after breaching $72k appeared first on CoinJournal.

2024-4-8 15:15


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru