Kraken CEO Jesse Powell said in an interview with Bloomberg that Bitcoin has infinite growth potential as digital gold.
According to him, soon people will begin quoting prices in Bitcoin. Powell added that the dollar is \”only 50 years old\” and is \”already showing extreme signs of weakness\”.
\”We can only speculate, but when you measure Bitcoin in dollars, you should understand that the potential for price growth is infinite,\” said the Kraken CEO.
The executive is confident that Bitcoin will become the most popular store of wealth, with gold taking a back seat. He forecast Bitcoin’s price to reach $1 million within 10 years.
\”If you buy Bitcoin for speculation, you should be prepared to hold it for five years,\” Powell noted.
Powell added that Kraken could become a publicly traded company in 2022.
In February, Bloomberg reported that the trading platform was considering raising additional financing, which would allow its valuation to more than double from the current level of $5 billion.
As reported on February 22, Ethereum on Kraken fell to $700, while on other platforms it fell only to $1,400. The management promised to partially reimburse user losses.
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