Kraken CEO Jesse Powel says Bitcoin is on track to hit $1 million as governments continue to adopt loose monetary policies. In an interview on Bloomberg TV, Jesse Powell says that 1 BTC may be worth one Bugatti in a … The CEO of crypto exchange Kraken is optimistic that Bitcoin (BTC) will continue to rise and that one coin will be equal in value to one of the most expensive vehicles on the market. Last month, cryptocurrency tycoon (and SF resident) Jesse Powell tweeted a mini-rant about San Francisco, its “crack-zombies,” and how “you can pay $3k/sqft for a condo but can’t stop people from literally shitting on your door. (NOTE: This is a repost of a story that originally appeared last December. In a new interview on the H3 podcast, the Kraken head believes that there’s still time to jump on the Bitcoin bandwagon as it is en route to an increase of nearly 1,720% in the coming years. Tech & Science Bitcoin The CEO of cryptocurrency exchange Kraken, Jesse Powell, has suggested a single bitcoin will be worth millions of dollars by … Kraken co-founder and CEO, Jesse Powell. In a recent interview with CNBC, the company's CEO and founder, Jesse Powell, revealed that it has been able to leverage the recent surge in bitcoin’s price. The white hot crypto market has led California-based exchange Kraken to pursue a more ambitious valuation as it seeks to list on public markets. According to Powell, the gains the firm made as of February had beaten the entirety of those made in the previous year. Kraken saw a massive boost from bitcoin hitting an all-time high of $61,725 in mid-March, Powell said, as a number of institutional investors piled into the space. Bitcoin hit a record high price of over $60,000 in mid-March. Scads of photos of Mr. Powell’s new home can be seen here.) In-depth resources for understanding Bitcoin and cryptocurrency. Kraken, the second-largest U.S.-based crypto exchange after Coinbase, has set its sights on going public in 2022, according to CEO Jesse Powell. We've put together a collection of great articles and videos to help explain Bitcoin and other cryptocurrencies in a way that anyone can understand. Kraken CEO Jesse Powell explains it all in our video series: Crypto 101. CEO Jesse Powell has dismissed rumors that Kraken will go public via a SPAC. Kraken is seeking to double its valuation, a source says, before a potential direct listing. Jesse Powell, Kraken’s CEO and co-founder, said in an interview that the firm had benefited significantly from the bitcoin rally. Powell is a 15-year veteran of the virtual currency and gaming industries. Kraken was founded in 2011, is consistently rated the most secure crypto exchange, and is #1 in Euro market share. California-based Kraken could go public next year after seeing an explosion in bitcoin trading volume. 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