According to the CEO of the Kraken crypto exchange Jesse Powell, within the next twoIn years, Bitcoin will skyrocket in price to $100,000. He expressed this point of view during an online conversation organized by the investment company Pantera Capital.
Powell said:
«Most people have heard of Bitcoin, butThey don't have any Bitcoin. They know nothing about the future of Bitcoin. I think that if everyone knew about Bitcoin and its potential, its price would be a trillion dollars.
According to the head of Kraken, over the comingten years, the dollar will finally depreciate, as US authorities print a huge amount of banknotes. It is at this time that we will see how people massively go to BTC.
Touching upon the medium-term perspective of the cryptocurrency, Powell emphasized that it will be able to reach $ 100,000 over the next two years.
Such a sharp strengthening of the Bitcoin exchange rate will be possible if large financial institutions continue to transfer their capital to the cryptosphere.
In the short term, BTC is unlikely toto gain popularity, Powell believes, since now people prefer to save cash in order to buy essential goods in times of crisis. However, in the coming years, a massive transition to BTC is already inevitable.
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