Kraken CEO: How Do You Justify Not Having Bitcoin with the Kind of Performance and Inflation Today?

???????? Kraken is a U.S. crypto exchange and the CEO gives us insights to what he is seeing from the inside!

Kraken founder and CEO Jesse Powell spoke with Bloomberg Surveillance about his thoughts on Bitcoin and Ethereum.

Powell thinks BTC will continue to experience volatility but has a lot of upward growth potential.

The Kraken Exchange has daily trading volume of almost $1.5 billion.

With major companies and publicly-traded firms investing in bitcoin as part of their treasury reserves, the asset class is starting to draw mainstream attention.

Powell doesn’t believe there is a direct connection between the growth of the two asset classes, but that they’re both being purchased for wealth protection.

When asked if this mainstream acceptance would decrease the amount of volatility seen in the market, Powell commented that he didn’t think bitcoin would experience low levels of volatility for a long time.

He explained that it could go anywhere from “$20,000 to $1 million.” Much of the volatility will likely occur if institutions accept Bitcoin to the point that it can seriously compete against other asset classes. Powell thinks that only when this happens will it see significantly less volatility.

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