Business
Kraken CEO: Satoshi Nakamoto Supposedly Foresaw a Bigger Financial Bubble Than 2008 – CryptoPotato
Jesse Powell, the CEO of one of the most popular cryptocurrency exchanges, Kraken, said that Satoshi Nakamoto might have foreseen a larger financial crisis than the one in 2008.

In a recent interview with Real Vision boss Raoul Pal, Kraken CEO Jesse Powell said some startling things.
According to him, Bitcoin’s anonymous creator Satoshi Nakamoto may have foreseen a bigger financial crisis than 2008’s Great Recession.
Jesse Powell: ‘Satoshi Saw a Bigger Bubble Coming’
The second to last talk of Real Vision’s exclusive ‘The Crypto Gathering Webinar’ saw Bitcoin and crypto exchange Kraken’s CEO Jesse Powell talk about a lot of insightful stuff.
However, things took an interesting turn when the conversation moved to 2008’s recession and 2012’s banking crisis. Powell said that Satoshi might have predicted a greater economic disaster (than the last two) knocking our doors. He remarked:
… I think Satoshi thought it was for that time may be, saw an ever bigger bubble coming and even worse outcome coming given how we handled the last financial crisis. You know bailing everyone out just delayed the inevitable,….. allowed this extremely fragile system to continue hobbling along..”
He continued by saying that Bitcoin was a way for him to step out of this system and ‘de-risk and have something real and finite and predictable.’ Although, the Kraken CEO admitted that BTC has been quite volatile in the short-term. But he feels over a longer-term Bitcoin has ‘proven to be a great store-of-value.’
Bitcoin is ‘Still the Best Performing Asset of All-Time’
Moving forward during the talk, the Real Vision CEO remarked about Bitcoin’s extraordinary performance as an investable asset. He said that BTC is still the best performing asset of all time. Raoul further commented:
…Its an extraordinary thing and it just feels that

-
General20 hours ago
Four charged over alleged six-hour gang rape of girl in south-west Sydney
-
Noosa News22 hours ago
Logan City Council to pull out of federal government Climate Active program due to financial pressure, transparency concerns
-
Business23 hours ago
Aiming for rock-solid retirement income? I’d buy these two ASX shares
-
Noosa News19 hours ago
Charlie the therapy dog reduces stress – Proctor