Jesse Powell is the founder and CEO of crypto exchange Kraken.
Kraken
Jesse Powell is the chief executive officer of the world's fourth-largest crypto exchange, Kraken.
He told Insider why he still stands by his year-end price target of around $200,000 for bitcoin.
He also shares 5 tokens that intrigue him as the firm launches a new 50-token-plus app in the US.
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Bitcoin's price has been cut in half from its all-time high of over $64,000 in mid-April, but
Jesse Powell is unfazed.The founder and chief executive of Kraken, the fourth-largest crypto exchange in the world by trading volume, said he has seen far worse. "There was a time when Mt. Gox blew up and the price of bitcoin went from $1,000 down to $100 and lost 90% of its value. It's also gone from $30 down to $2," Powell said in an interview. "So there have been way bigger moves in the past... there have been some moments in the past where it's like geez are we ever going to recover from this."Today, he no longer worries about whether bitcoin will be stuck down in the doldrums. If anything, these
crashes have taught him to refrain from checking the prices every single day.
