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August 9, 2022
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Jesse Powell: BTC is on track to hit USD 1 million –

Kraken CEO Jesse Powell says BTC is on track to hit the $ 1 million mark. Governments, which continue to pursue a loose monetary policy, help in this unknowingly.

Jesse Powell: BTC will cost $ 1 million

In New interview for the podcast H3 Kraken’s boss believes there is still time to buy Bitcoin “cheaply”. In his opinion, in a few years we will pay 1 million USD 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.

However, he suggested that each investor should take a certain distance from it.

– Have fun with it … Invest 1-10 percent. your wallet… I wouldn’t say go for it. Don’t risk the money you have for rent, don’t risk the money you have for food. Except if you have a portfolio of investments, you should definitely have some Bitcoins in there He explained.

Other cryptocurrencies

When asked about the thousands of other cryptocurrencies out there, Powell says the average investor can view it as an exchange where it’s often best to stick to the biggest, most famous 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.

In his opinion, it is best to buy BTC and ETH.

Just stick to Bitcoin and Ether. If you want to feel safe, I think Bitcoin and Ether are super safe things. Everything else gets more exotic and [teoretycznie] you get higher returns, but at higher risk – He said.

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