Despite the current price, bitcoin (BTC) is still a favorite of crypto investors. If some people think that there is a tendency towards the end of its race, Jesse Powell, CEO of Kraken, sees things differently and does not hide it!
Kraken: Jesse Powell bullish on bitcoin (BTC)
If bitcoin (BTC) volatility scares some traders, Jesse Powell is not one of them. The latter has been supporting the main encryption for years and remains confident that it will reach new heights soon. In fact, he argued in 2021 that Lamborghini would probably sell in bitcoin before the end of that year. And for 2022, he had higher hopes since, according to him, BTC would reach the price of a Bugatti.
This says a lot about his opinion on crypto when you know how much these cars are selling for. Despite the rather harsh crypto winter, Powell stands by his statement and does not budge. According to him, current conditions do not influence him, and he said on Bloomberg exclusive that stays hopeful on bitcoin.
Recall that bitcoin is currently trading at $23,475, and is up 0.58%. Meanwhile, models of the Bugatti luxury car brand sell for between $1.9 and $3.3 million.
Kraken is following the same momentum as many investors
The bearish trend in cryptos had a negative impact on Kraken’s performance. In fact, even unlike other trading platforms the company based in San Francisco did not participate in the layoff trend, it still made a bad impression during this period. In fact, The New York Times reported that Jesse Powell had created a hostile environment by starting a culture war within the exchange.
However, this has had no impact on bitcoin adoption. And he’s not the only one since some investors are expecting BTC to take off. While he doesn’t think the crypto flagship will reach Bugatti’s price, Mike McGlone said bitcoin will rise when it does.
Kraken CEO Jesse Powell’s conviction on the future of bitcoin (BTC) is not new. Indeed, many investors agree with him on the explosion of BTC, but not on the price. While considering a course that amounted to millions of dollars, Michael NovogratGalaxy Digital’s CEO believes it will be trading in the $500,000s by 2027.
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The world is changing and adaptation is the best weapon to survive in this turbulent world. As a crypto community manager at the base, I am interested in everything directly or indirectly related to the blockchain and its derivatives. To share my experience and share an area of interest to me, there is nothing better than writing articles that are informative and entertaining at the same time.