A $1 million price tag for BTC within the next ten years is "pretty reasonable," Jesse Powell tells Bloomberg.
Bitcoin (BTC) will be worth "infinity" and humanity will soon give up pricing it in US dollars, says the CEO of cryptocurrency exchange Kraken.
Speaking to Bloomberg on March 4, Jesse Powell was characteristically bullish on Bitcoin as BTC/USD broke above $50,000.
Powell: $1 million Bitcoin in ten years "reasonable"
"Of course, you know, we can only speculate, but when we measure it in terms of dollars, you have to think it's going to infinity," he told Bloomberg TV about future price trajectory.
"This national currency's only fifty years old, it's already showing extreme signs of weakness, and pretty soon I think people are going to start measuring the price of things in Bitcoin."
Powell was commenting as the USD weakened alongside a macro market sell-off on Wednesday, an event which had next to no impact on Bitcoin. At the same time, the US national debt quietly passed $28 trillion for the first time in history.
Despite a rejection of $50,000 support, Bitcoin bulls thus remained more than optimistic.
"The people that are believers in Bitcoin see...