Bloomberg Law
March 4, 2021, 1:03 PM

Bitcoin Could Reach $1 Million in Next Decade, Kraken CEO Says

Lynn Thomasson
Lynn Thomasson
Bloomberg News

As the leader of crypto exchange Kraken, Jesse Powell is bound to be bullish on Bitcoin. Yet he’s projecting a disruptive future that would stretch the imagination of even the most ardent crypto fans.

In a Bloomberg Television interview, Powell said Bitcoin could reach $1 million in the next decade, adding that supporters say it could eventually replace all of the major fiat currencies.

“We can only speculate, but when you measure it in terms of dollars, you have to think it’s going to infinity,” he said. “The true believers will tell you that it’s going all the way to ...