April 19, 2024

CEO Kraken says Satoshi Nakamoto foresees future financial crisis

In a recent interview with Real Vision CEO Raoul Pal, Kraken COO Jesse Powellspoke about several interesting things.

In his opinion, the alleged creator of BitcoinSatoshi Nakamoto could have foreseen a greater financial crisis than the Great Recession of 2008. For the creator of Bitcoin, cryptocurrency has become a way to get out of this system and “get something real, finite and predictable.”

Despite the fact that the CEO of Krakenadmitted that in the short run, BTC was quite volatile, but in the long run it "proved to be a great repository of value."

The CEO of Real Vision, in turn,noted the outstanding performance of Bitcoin as an investment asset. He believes that BTC is still the most outstanding asset of all time.

In addition, Powell is confident that digital currenciesCentral Bank (CBDC) will have the same problems as their fiat counterparts. This should include unlimited emission, fake, etc. But, despite this, CBDC will open for people more doors that will allow them to penetrate the world of cryptocurrencies and bitcoin.

Speaking about the development of crypto space in the comingFor 5 years, the head of Kraken noted that Bitcoin will continue to be popular. The difficulties in learning and accepting will disappear. BTC will become a regular application that users will no longer think about in a negative way.

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