Kriptkoin.com –According to Jesse Powell, CEO of Kraken, the popular crypto currency exchange, it will be easy to use Bitcoin like a dollar. Jesse Powell argues that Bitcoin can replace gold as ‘value warehouse’.
Jesse Powell: It will be easy to use Bitcoin like a dollar
In an recent interview with Bloomberg, Kraken CEO Jesse Powell estimates that it will be as easy to use Bitcoin when there is enough tool for the ecosystem. Kraken CEO adds the following to the subject:
Soon, all the technology behind Bitcoin will disappear and no one really understands how no one works, but it will be like the US dollar that everyone uses.
Jesse Powell explains that Bitcoin does not need to be transferred to Blockchain for ‘layer 2’ solutions. Bitcoin’s failure to leave risky assets during the violent sales wave in March, damaged the narrative of the value tank.
Famous CEO: Bitcoin can replace gold as a value tank
Bloomberg analyst Joe Weisenthal recently explained the reason why Bitcoin could not be used for diversification and said:
Bitcoin gathered at the beginning of the year, then fell during the collapse, then rose during recovery and fell for the last few days.
Despite Bitcoin’s increasing correlation with the US stock market, Jesse Powell says to Kraken that there are new records from all kinds of investors (hedge funds, asset managers and retail players). Jesse Powell claims that investors see BTC as a safe shelter because of the ‘limited predictable supply’. Jesse Powell also believes that Bitcoin will replace gold as a value store.
Jesse Powell: I would buy Bitcoin as a fence against upcoming inflation
As reported by Kriptokoin earlier, BTC Federal Reserve, along with the US stock market, rose on Monday after the BTC Federal Reserve revised the bond purchase program. Jesse Powell blames the Fed of the purchase of ‘insignificant bonds’ from ‘unsuccessful US companies’ companies.
In addition, according to the famous name, the world’s largest central bank is pressing ‘trillion dollars’ to pump public stocks. So Jesse Powell said he expects inflation to peak. Jesse Powell adds the following to his explanations:
You can no longer price anything in dollars. Inflation will come out of control very soon. I would buy Bitcoin as a fence against this inflation.
