Kraken CEO Jesse Powell said in a recent interview with Bloomberg Technology that despite the crypto asset’s failure to break $100,000 last year, he remains open to Bitcoin. prices are optimistic. Powell pointed to a number of factors that have a positive impact on Bitcoin’s price, including the economic environment that is proving the cryptocurrency’s use cases.
He noted that inflation has been at an all-time high since the 1980s, and bitcoin’s store-of-value properties are becoming more attractive compared to the lagging dollar and other national currencies. Furthermore, Powell believes that Bitcoin is trying to solve “real world problems” and provide people with an alternative to an increasingly strict fiat currency system. Supporting Bitcoin is “voting for freedom.”