Bitcoin on track to hit $1 million, according to Kraken CEO

Kraken Chief Executive Officer, Jesse Powel feels assured that Bitcoin is on track to hit $1 million while global governments stay put on their loose monetary policies.

In an appearance on the H3 podcast with over 1.5 million subscribers, Powel said to be confident that there would still be time for all to get on board the BitCoin value-train.

“It’s still early. I think so, I think Bitcoin is going to be $500,000 easily within the next few years. Look at how much money printing’s going on. Easily we’re going to hit a million dollars in Bitcoin…

At least dabble in it… Put 1-10% of your portfolio, I wouldn’t say go all in, don’t bet your rent money, don’t bet your food money on Bitcoin, but if you have a portfolio of investments you should absolutely have some Bitcoin in there.”

He further hinted on what would seem safe bets in crypto and made a comparison with the stock market.

“There are thousands of stocks that could buy. There are a lot of ****** stocks that you could buy. Some are like really strong brand names, household names, like Apple, Google, Facebook. I think if, just like with the stock market, if you don’t really know what you’re doing, if you’re not some super deep Wall Street analyst, don’t buy crazy stock #5900, stick to the top guys that you know, that you have a personal connection to the brand. You’re using Apple devices every day so you probably think Apple is a pretty good company. I’d say do that with crypto as well. Don’t pay attention to all the new things coming out constantly.

Just stick to Bitcoin and Ether. If you want to be super safe, I think Bitcoin and Ether are super safe bets. Everything else, it gets more exotic and you get higher returns with more risk, but I wouldn’t look at other things.”

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