HomeCryptoBitcoin Will Stay King, However The Relaxation Of The Crypto Markets Might...

Bitcoin Will Stay King, However The Relaxation Of The Crypto Markets Might Be The Sport For Everybody: Kraken CEO Jesse Powell

Jesse Powell, CEO of crypto change Kraken, says Bitcoin (BTC) will not be canceled anytime quickly.

In a brand new interview with Yahoo Finance, Powell says that whereas BTC will stay the principle cryptocurrency by way of worth preservation, Ethereum (ETH) might have some competitors within the good contract house.

“I feel Bitcoin continues to be the very best at retaining worth. I feel it’s nonetheless the very best by way of safety. I do not assume Bitcoin will break within the close to future.

I feel the good contract recreation is open to everybody. I feel Ethereum is the dominant participant proper now, however you see Polkadot [DOT] and Solana [SOL] and there will likely be another chains that would probably steal most of this good contract thunder from Ethereum. ”

The CEO additionally says that regardless of the competitors between the networks, he nonetheless envisions a state of affairs the place many cryptocurrencies will ultimately coexist and fulfill their very own use instances.

“I feel we’ll proceed to watch the event of those chains. I feel it’s somebody’s recreation now. I feel that ultimately we’ll discover ourselves in a world the place there are lots of profitable networks working on the identical time. “

Powell had beforehand predicted that one BTC would ultimately price one Lamborghini after which one Bugatti. By comparability, a brand new Bugatti prices between $ 1.7 million and $ 3 million.

Bitcoin is at present altering arms at $ 68,638 on the time of writing, whereas ETH is buying and selling at $ 4,850.


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Featured Picture: Shutterstock / Tithi Luadthong / Sensvector

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