Kraken's Jesse Powell: "Currencies have a finite life"

The Times Tech Podcast

• Episode: Kraken's Jesse Powell: "Currencies have a finite life"
• Website: The Times Tech Podcast
• Feed URL: http://rss.acast.com/dannyinthevalley
• Duration: 00:43:33
• Published: 2022-04-08 04:00

The Sunday Times’ tech correspondent Danny Fortson brings on Jesse Powell, founder of crypto exchange Kraken, to talk about his first startup selling video game virtual goods (3:00), reading about bitcoin (9:40), why he thinks bitcoin will replace gold (12:00), launching Kraken (12:50), getting a banking license (15:00), selling tens of thousands of bitcoin (17:00), how widespread crypto actually is (20:40), the inherent weakness in the market (26:00), the Mt Gox bankruptcy (27:40), the impending failure of fiat currency (31:40), the power of the current system (34:35), raising just $20 million (36:00), and reaching the masses (40:00).

---

Hosted on Acast. See acast.com/privacy for more information.