Trading News

Read The Latest News & Analysis

Kraken’s CEO Says One BTC will be equal to One Lambo by 2022

Kraken CEO Says One BTC will be equal to One Lambo by 2022
Share on:

The CEO of Kraken, Jesse Powell, is hopeful for the price of bitcoin in future. To put things in perspective, Powell said that one bitcoin will be worth a Lambo by 2022.

In an interview on Bloomberg, Kraken CEO elucidated why he is reluctant to give price predictions for Bitcoin in dollars. According to him, the nature of the dollar and other fiat currencies is inflationary. Therefore, it is difficult to put a number on the price of bitcoin against dollars.

When asked about his end of the year price prediction, he responded in the following words:

I think I said Bitcoin is going to infinity and that’s kind of hard to comprehend because I’m measuring it in terms of dollars.

He gave alternatives for measuring BTC’s price. Furthering his ideas, Mr Powell gave the prophecy of the surge in Bitcoin’s price from One BTC per Tesla Model 3 (at the moment) to “One bitcoin per Lambo” by 2022.

Powell went on to speculate that by the end of next year, one bitcoin will be worth a Bugatti.

Altcoin Price Predictions:

The interviewer asked Jesse Powell about the altcoin future as well. In response, Kraken’s CEO was positive about Ethereum’s future as well. He mentioned NFTs as a cause for the increasing popularity of the ethereum blockchain.

Powell also alluded to the rising potential of “Polkadot“, which is said to be the next “ethereum“.

There are a lot of other coins that are being launched on top of this network, and I think you’ll see a lot of things that were on Ethereum be ported over to Polkadot,

Polkadot offers a solution for the Ethereum blockchain’s scalability issue. It is also cheaper to use with a low transaction fee.

In concluding comments, Jesse Powell – Kraken CEO said,

Crypto can actually just completely replace everything that exists in the traditional system.

Recent News

crypto market

White House Wants to Regulate Crypto as a Matter of National Security

White House is set to present an executive order making it binding on federal agencies to regulate crypto as a matter of national security The US government tends to see crypto

crypto market

Richest Crypto Billionaire CZ has Assets Worth $96 Billion

Cryptocurrency has cultivated a new generation of billionaires The CEO of Binance exchange, Changpeng Zhao, is the richest crypto billionaire with his wealth amounting to $96

crypto market

Crypto Market Keeps Dropping on the Watch

Bitcoin reached $32K on Monday after significantly dropping over the weekend The whole crypto market went south following the pioneer cryptocurrency The sentiments of fear

crypto market

Multi-Million Dollar Crypto Scam: Pakistan to Investigate Binance

Federal Investigation Agency (FIA) of Pakistan has started a criminal investigation into a multi-million dollar crypto scam that involved people sending crypto funds from their

Let's Chat
Facebook
Twitter
Instagram
Pinterest
Youtube