Cryptocurrency market to hit $1 trillion valuation in 2018: Kraken CEO

The entire cryptocurrency market will reach a total value of $1 trillion this year, according to the chief executive of a top digital currency exchange.

Jesse Powell, founder and CEO of Kraken, said Tuesday that the cryptocurrency market would continue to see an “acceleration” of growth — despite a sharp pullback in recent weeks.

He told CNBC: “You’ve got a lot more kids graduating from crypto programs at universities now. I think we’re just going to see it continue exponentially from here.”

Asked whether he thought the market capitalization of all cryptocurrencies would hit the $1 trillion mark in 2018, Powell agreed.

The current market cap of all cryptocurrencies stands at around $417 billion, according to data…


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