Price targets of $ 100,000 or $ 500,000? None! Kraken CEO Jesse Powell predicts that Bitcoin may reach a valuation of up to $ 1 million in the next 10 years.
Bitcoin can’t settle for so little!
Recently Jesse Powell, CEO of the crypto exchange Kraken, participated in an interview with Bloomberg where he assured that Bitcoin can easily exceed $ 1 million.
“Of course, you know, we can only speculate, but when we measure it in dollar terms, you have to think that it goes to infinity.” explained to Bloomberg TV.
In fact, Powell is so bullish on the crypto leader that he pointed “In the short term, people see Bitcoin outperforming gold as a store of value, so I think that $ 1 million as a price target within the next ten years is quite reasonable.”
However, Powell says that Bitcoin will not settle for replacing gold. The CEO of the crypto exchange assured that Bitcoin believers believe that crypto can replace all fiat currencies in the world.
Could I be right? We cannot assure you. However, it is worth mentioning that according to William Clemente, a cryptocurrency analyst Glassnode’s reserve risk indicator shows that Bitcoin’s rally is still in the early or middle stage.
Anthony Pompliano also points out that the crypto leader will reach a million dollars
Bullish sentiment appears to have spread through the crypto market as Anthony Pompliano also foresees that Bitcoin will reach a million dollars in its price after the next Halving.
However, once again it is important to emphasize that with Bitcoin everything is speculation. No one knows for sure where it is going.
Nvidia wins the crypto legal battle
Three years ago Nvidia was accused of misrepresenting $ 1 billion in hardware sales for crypto mining. Basically the lawsuit stated that the company misled investors by overstating the demand for players as its primary sales audience.
However, today the judge ruled in favor of Nvidia by dismissing the lawsuit.
DeFi crypto project Meerkat Finance is in trouble
Yesterday the DeFi Meerkat Finance project was launched on Binance Smart Chain and today it published a message where it claims that hackers stole USD 31 million from the wallets, according to a report by The Block.
However, it seems that the crypto community believes that it was the developers of the project who actually kept the money. And it is that, since then, the Twitter account and website were disconnected.
Obviously this directly affects Binance since it could be the largest fraud project on Binance Smart Chain, assured Wu Blockchain, a prominent crypto blogger.
In a few lines …
- BitGo is now licensed as a crypto custodian in New York.
- Ron Baron, founder of Baron Capital, He said which has yet to invest in the leading crypto and described it as a speculative investment.
- Ripple announced a pilot project that seeks to provide a private version of its XRP Ledger for central banks.