By 2022, one BTC will be worth the price of a Lamborghini, and by 2023, the price of Bugatti, Kraken CEO said.
According to Cointelegraph, a cryptocurrency media outlet on the 31st, Jesse Powell, CEO of Cryptocurrency Exchange Kraken, amid the threat of falling dollar value, believes that Lamborghini’s and Bugatti’s prices can better measure the value of Bitcoin in the future .
Jesse Powell Kraken’s CEO appeared in Bloomberg, explaining why he believes the dollar-based long-term price prediction for Bitcoin is flawed, highlighting the inflationary nature of the fiat currency.
When asked Powell about his year-end price prediction for Bitcoin, he said, “I think I told you that the price of bitcoin goes indefinitely, but it’s a bit difficult to understand because it’s measured in dollars.”
He suggested an alternative to evaluate bitcoin, with the value of bitcoin reaching the current Tesla Model 3 price, at the 1BTC level until the end of the year, ‘1 Lamborghini is 1 bitcoin’ and in 2023, ‘1 bit per 1 Bugatti. It predicted that it could be raised to the level of’Coin’.
“For the cryptocurrency community, I think that kind of asset is easier to measure Bitcoin,” Powell said. “Because we don’t know where the dollar will be. In the next year, 10 of the US dollar is going to be. “It’s really hard to measure Bitcoin against the dollar because it can double.”
When asked about Ethereum, he said, “All of the NFT’s activities are driving up the use of Ethereum overwhelmingly,” emphasizing the importance of the booming NFT sector.