Bitcoin Is On Track To Hit The $ 1 Million Mark- Kraken CEO Says

Kraken CEO Jesse Powell states BTC is on track to strike the $ 1 million mark. Federal governments, which continue to pursue a loose fiscal policy, assist in this unconsciously.

Jesse Powell Believe Bitcoin Will cost $ 1 million

In a new interview for the H3 podcast, Kraken’s supervisor thinks there is still time to purchase Bitcoin “inexpensively”. In his viewpoint, in a couple of years, we will pay as much as USD 1 million for 1 BTC.

– It’s still early. I think Bitcoin will easily hit $ 500,000 in the next few years. Take a look at how long it takes to print money. We will easily reach the million dollar limit for Bitcoin , he said.

Jesse Powell Views On Other cryptocurrencies

When inquired about the countless other cryptocurrencies out there, Powell states the typical financier can see it as an exchange where it’s frequently best to stay with the most significant, most popular brands and names.

– There are thousands of stocks you can buy. (…) Some are really strong, well-known brands such as Apple, Google, or Facebook. However, I think if you don’t really know what to do because you’re not a Wall Street super analyst, then don’t buy niche stocks. Stick to the best (…), maybe those with whom you are related. You use Apple devices on a daily basis, so you probably think Apple is a pretty good company. I’d say do that with cryptocurrencies as well. Don’t pay attention to all the new things that keep popping up, he advised.

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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