$60k for a Bitcoin is still very cheap. According to a crypto expert, one Bitcoin could be worth a Lamborghini by December and a Bugatti by 2022 (that’s $2.5 million for one coin)

If you believe in the power of Bitcoin, now might be the right time to hoard it up. At least that’s what Kraken CEO Jesse Powell seems to indicate. The entrepreneur has claimed that the dollar-based long-term price predictions for the cryptocurrency are flawed and proposes them to be measured in luxury car prices.

Kraken CEO – Jesse Powell

When asked about Bitcoin’s price prediction by the end of the year (in a recent interview with Bloomberg), Powell stated its value might increase from its current ‘price’ or one BTC per Tesla Model 3 to “one bitcoin per Lambo” by the end of the year and to “one bitcoin per Bugatti” by 2023.

READ:  Known for flashing his lavish lifestyle on Instagram - A teen crypto trader was shot dead in his Porsche

He said, “I think I said bitcoin is going to infinity, and that’s kind of hard to comprehend, because I measure it in terms of dollars,” while further adding, “To the crypto community, I think those kinds of assets are easier to measure bitcoin against because you never know where the dollar is going to be. There could be 10 times as many US dollars out there a year from now, so it’s tough to measure bitcoin against the dollar.”

READ:  No Picasso or Monet - Christie’s‌ ‌is set‌ ‌to‌ ‌auction‌ ‌painstakingly‌ ‌done‌ ‌Bitcoin-Inspired‌ ‌artwork‌ ‌that has ‌12.3‌ ‌million‌ ‌digits‌ ‌of‌ crypto‌ ‌code.‌ ‌

Powell also claimed that the price of Ethereum would exceed $2000 and that the NFT activity is really driving up its use and constraining its supply. As for the world’s leading cryptocurrency – Bitcoin is currently valued at $60,000 per coin (approx.) after dropping last week and is only expected to rise further if Kraken’s leading man is to be believed.

READ:  A Bitcoin enthusiast has converted his BMW i8 sportscar into the worlds fastest 'Crypto mining rig'

So, would you fancy testing your luck with the crypto?

Tags from the story