Kraken CEO: by 2023 Bitcoin will be worth the price of a Bugatti sports car

The head of the cryptocurrency exchange Kraken, Jesse Powell, said that in 2022 one BTC could buy a Lamborghini, and in 2023 a Bugatti sports car.

“I believe Bitcoin is easier to measure in such units, because no one knows what will happen to the U.S. dollar. In a year there could be ten times more currency issued, so it is very hard to measure Bitcoin in U.S. dollars,” Powell explained.

As noted, the Kraken CEO spoke of the infinite growth potential of the first cryptocurrency and noted extreme signs of weakness in the U.S. dollar. Powell is confident that Bitcoin will reach $1 million within 10 years.

According to him, prices will soon be measured in digital gold, which will also become the most popular store of wealth.

As noted, popular crypto analyst Willy Woo called selling Bitcoin ‘madness’ right now. He had previously predicted the first cryptocurrency to $300,000 in 2021.

Senior Bloomberg Intelligence commodity strategist Mike McGlone will reach the $400,000 mark in 2021.

According to famed trader Tone Vays, Bitcoin is expected to resume growth, updating the all-time high and a subsequent significant decline.

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