Bitcoin Could Reach $1 Million or More, Kraken CEO Says
- CEO says crypto exchange may consider going public next year
- Jesse Powell acknowledges volatility, saying it can fall 50%
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As the leader of crypto exchange Kraken, Jesse Powell is bound to be bullish on Bitcoin. Yet he’s projecting a disruptive future that would stretch the imagination of even the most ardent crypto fans.
In a Bloomberg Television interview, Powell said Bitcoin could reach $1 million in the next decade, adding that supporters say it could eventually replace all of the major fiat currencies.