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Bitcoin Could Reach $1 Million or More

Bitcoin, the digital currency/ Stock photo Jessi Powell, the founder of Kraken stated that bitcoin price will definitely look good. However,...

Bitcoin, the digital currency/ Stock photo
Jessi Powell, the founder of Kraken stated that bitcoin price will definitely look good. However, he predicted a destructive future, which will enlarge even the imagination of the most fanatical crypto admirers. 

In an interview with the media, Powell said that Bitcoin will reach 1 million in the next decade, and added that supporters say that it may eventually replace all the main Fiat currencies. He said: "We can only guess, but when you use dollars to measure it, you must think it will be infinity." The real believers will tell you that the price will reach the moon, Mars, and will eventually become the world's currency. 

In the world of Bitcoin, the extreme forecast is not a new thing, cryptocurrency followers are becoming popular. Although others believe that the digital asset is just a bubble destined to burst. The dollar is still the world's reserve currency, and it is a baseline for global trade. Although its value has been softened in the past year. 

Powell said that Bitcoin is more Seeing it exceeded the US dollar, the euro, and other world integrated markets. He said, the US dollar "is only 50 years of history, and there have been extremely weak signs. I think people will start with Bitcoin to measure things prices. 

The digital currency fell 3% in the early trading of the USA, where it was around 49,000. Since the beginning of 2020, due to broader mainstream adoption, the price rose nearly 600%, and it is not only an inflation hedging and a speculative asset.