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ANALYSIS: Atuche joins list of jailed Nigerian top bankers
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ANALYSIS: Atuche joins list of jailed Nigerian rogue bankers
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Bloomberg article title reads, “Bitcoin (BTC) could reach US$1 million or more.” The projection looks ridiculous, but not to Jesse Powell, the CEO of crypto exchange Kraken. Besides thinking that Bitcoin could reach the US$1 million mark in the next decade, Mr. Powell added the world’s most popular currency could eventually replace all of the major fiat currencies.
According to Powell, Kraken is considering going public in 2022. He thinks that BTC bulls see it exceeding the market caps combined of all dollar, euro, and other currencies one day. Should investors believe the extreme predictions hook, line, and sinker?