https://ift.tt/LOXjfub CEO Continues To Be Bullish On Bitcoin | CryptoGazette

The king coin has been showing its resistance during this pandemic for more than two years now. Its popularity and mass adoption have been growing like there’s no tomorrow, and things continue to go on the right path.

The mainstream adoption of digital assets has been one of the main goals that the crypto industry set, and things are going great.

Kraken crypto exchange CEO Jesse Powell said that the prevailing global political and economic climate is showing the importance of Bitcoin (BTC).

Powell says in a Bloomberg interview that he is bullish on Bitcoin despite the fact that the king coin is failing to hit $100,000 in 2021.

“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.”

The importance of geopolitical environment

As the online publication, the Daily Hodl notes, according to Powell, the prevailing geopolitical environment is presenting use case opportunities for Bitcoin as a store of and a tool for transferring value.

“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%.”

Powell said that if we combine all of the above with the controls, the protests, and legit fundraising efforts, he is seeing that the use cases for Bitcoin are getting stronger with each passing day.

“And there’s just more and more reason to believe in it long term.”

At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $40.774. Stay tuned for more news, and also make sure to check out the crypto market and the prices of the digital assets.