The CEO of Kraken is optimistic that bitcoin would surpass $100k

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The CEO of Kraken, a cryptocurrency exchange is bullish on bitcoin. Bitcoin was projected to surge above #100k by the end of last year. Surprisingly, bitcoin didn't meet up with the expectations. There are different versions of price predictions given by many experts. Non of the predictions came through and so many cryptocurrency investors are disappointed. As of last year, the expectation around bitcoin was very high and there were high hopes that bitcoin would hit the $100k.

Jesse Powell, the CEO of Kraken explained in an interview with Bloomberg that he is very optimistic that bitcoin would reach the $100k in the future. He explained that all global climatic conditions pointed to this fact. The bitcoin is a very useful tool to fight inflation and it's the greatest enemy of the economy.

The clampdown on protesters and the use of smart contract in fundraising, eliminating the third party, would make the cryptocurrency gain more popularity. The fundraising program that was subjected to manipulation, now have trusted platform. The fundraising project is now seamless and people now boycott the middleman and that's really fantastic.

Moreover, bitcoin is a good store of value. You could shield your funds from manipulations and third party influence.