Recently, crypto-focused investment firm Pantera Capital held a conference call (about Bitcoin’s third halving), during which Jesse Powell, Co-Founder and CEO of crypto exchange Kraken, talked about Bitcoin.
Regarding the long term potential for the Bitcoin price, Powell said::
“Most people have heard about Bitcoin, but they don’t own any Bitcoin. They don’t know what the future of Bitcoin is. I think if everyone knew about Bitcoin and the potential of Bitcoin and how great it was, the price would be like a trillion dollars a Bitcoin. We would all just be switched over to Bitcoin and not be using anything else…”
“I think that there’s a lot that’s not priced in, even though it’s predictable, like what the future is.”
“Ten years down the road, the US dollar is going to continue to be printed like crazy. It’s going to be totally worthless. No one is going to want it. Everyone is going to want Bitcoin. But that’s not priced in because of perceived risks or perceived uncertainty about the future, about regulation, about how does the government respond in different situations as Bitcoin continues to develop, or how useful does it actually become.”
As for the medium term future, Powell expects the Bitcoin price to reach $100,000 within the next two years: