According to Jesse Powell, CEO of cryptocurrency exchange Kraken, long-term price forecasts for bitcoin based on dollars are flawed.
When asked to define “infinity” in terms of the US dollar, he previously stated that $1,000,000 per bitcoin in the next ten years sounds very fair. Powell preferred to make a vehicle-related analogy during a recent interview with Bloomberg.
Powell used the example of 1 bitcoin being enough to buy a Tesla Model 3 to justify his forecasts on the price of Bitcoin.
