Kraken CEO Jesse Powell: Bitcoin “A Vote for Freedom”

The head of popular cryptocurrency exchange Kraken, Jesse Powell, told Bloomberg in a recent interview that Bitcoin’s use case is strong.

Amidst the global economic and political climate, the CEO noted the importance of the top cryptocurrency. He said:

“I’m still bullish on the price you know. A lot of us thought that we were going to get over $100,000 last year, but you know you can’t predict these things.

What we see are continuing use cases and continuing reasons for people to use Bitcoin. I mean inflation is at an all-time high since the 80s, and that’s the stated inflation. We all know when we go to the supermarket that inflation is way beyond 7.5%.

That combined with the controls, the clampdown on these protests and legitimate fundraising efforts I think shows that the use case for Bitcoin is getting stronger and stronger. And there’s just more and more reason to believe in it long term.”

Bitcoin’s potential of “solving real-world problems” as Powell noted, is highlighted by the ongoing Canadian trucker protest demanding the removal of all Covid-19 restrictions in the country.

“You know Bitcoin is more than price speculation. It’s solving real-world problems like we’re seeing in Canada where you have fundraisers being shut down by the government or by centralized fundraising platforms and Bitcoin is circumventing that and getting around that and getting money directly to the people.

So you know, I think it’s a vote for freedom.”