In an interview with Bloomberg, one of the oldest cryptocurrency exchanges, Kraken CEO, Jesse Powell, suggested Bitcoin (BTC) could be the same price as a Lamborghini before 2021 is over and worth more than a Bugatti in 2022. “It might be easier to understand if we measure it in terms of Teslas,” he said on the price of Bitcoin.
“Probably by the end of the year, it will be one Bitcoin per Lambo.”
Kraken CEO said, “Probably by the end of the year, it will be one Bitcoin per Lambo, and probably by the end of next year it will be one Bitcoin per Bugatti.” “To the crypto community and to me those kinds of assets it makes it easier to measure that way because you never know where the dollar’s going to be – there could be ten times as many dollars out a year from now, so it’s really hard to measure Bitcoin against the dollar.” Talking about Ethereum, he suggested the price would exceed $2,000 but highlighted that Vitalik Buterin’s brainchild was under an enormous amount of stress.
Jesse Powell touts Polkadot as the next Ethereum.
“What I can say about Ethereum is there’s a process now to move your coins onto the new Ethereum blockchain – the proof of stake chain – which is Ethereum 2.0, and in the process of that, you actually burn your Ethereum 1.0, and that is basically locked up for an indefinite amount of time – it could be years,” Kraken CEO said during the interview. Asked what coins he would single out as potential big performers, Mr. Powell took no hesitation in turning the spotlight on Polkadot. “The other hot coin really is Polkadot which is sort of the next Ethereum, many people think,” Jesse Powell said.