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Jesse Powell, Kraken CEO Says Bitcoin Still Bosses The Market, Altcoins Can Follow Suit

Jesse Powell, CEO of crypto exchange Kraken confirms that Bitcoin (BTC) is still the king of the market.

More so, during an interview with Yahoo Finance, Jesse Powell notes that BTC will remain the go-to crypto from a store-of-value perspective. Then, describes Ethereum (ETH) as the one with competition in the smart contract realm.

So, Jesse explains.
“I think Bitcoin is still the best at storing value. I think it’s still the best at security…”
“I don’t see Bitcoin being disrupted in the near term.

Then, Jesse Powell adds.
“I think the game for smart contracts is totally up for grabs…”
“I think Ethereum is a dominant player now, but you see Polkadot [DOT] and Solana [SOL] and…”

Also, Jesse continues.
“some other chains coming up that maybe could steal a lot…”
“of that thunder from Ethereum with regards to smart contracts.”

Furthermore, Jesse Powell also goes ahead to note amid the competition between chains. Of course, he sees many cryptos coexists and caters to their own use cases.

“I think we’ll continue to see an evolution of these chains…”
“I think it’s anybody’s game right now. I think we ultimately end up in a world where there are…”
“lots of successful chains that are operating simultaneously.”

Lastly, Powell already predicts 1BTC will one Lamborghini, and then later one Bugatti.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.