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Layer 2 Will Make Bitcoin as Easy to Use as the Dollar, Says Kraken CEO

Published 06/17/2020, 06:08 AM
Updated 06/17/2020, 07:40 AM
Layer 2 Will Make Bitcoin as Easy to Use as the Dollar, Says Kraken CEO

In a June 16 interview with Bloomberg, Kraken CEO Jesse Powell claimed that layer-2 solutions will in time make Bitcoin (BTC) as easy to use as the United States dollar.

In addition to improvements in Bitcoin’s utilitarian nature, Powell suggested that the eventual timing of institutional investors getting on board would rely on a herd mentality, and recommended Bitcoin as a hedge against the U.S. Federal Reserve’s current manipulation of the dollar.

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