The traditional financial system has not been flexible, according to CEO Kraken.
Companies and banks that wish not to change in line with current market realities can regard their days as numbered. The current system will be replaced in the future by cryptocurrency companies.
Only PayPal will be able to survive, which quickly guided their activities and reconstructed them with cryptocurrencies. They have the opportunity to find their position in the financial sector in development.
The management of these companies monitors the latest financial sector technologies. Examples include large companies like Goldman Sachs and JP Morgan. For several years, they have followed the development of the cryptosphere and released various products to customers.
The prices of Bitcoins will grow increasing in the coming years, when the price reaches $1 million (Jesse Powell’s Kraken forecasts). The change of the market can therefore end faster than it appears.