Kraken CEO says that by 2022, one BTC will be worth as much as a Lambo and by 2023 it will be worth as much as a Bugatti.

Amid the threat of a devaluing dollar, Kraken’s Jesse Powell believes Lamborghinis and Bugattis may be a better way to measure Bitcoin’s value in the future.

Kraken CEO Jesse Powell appeared on Bloomberg to explain why he believes long-term Bitcoin price predictions based on the U.S. dollar are flawed, highlighting the inflationary nature of fiat currencies.

In response to a question asking Powell about his year-end price prediction, the Kraken CEO said: “I think it’s hard to understand that I said Bitcoin is going to infinity because I’m measuring it in dollars.”

Powell offered an alternative way to value Bitcoin, speculating that Bitcoin’s value could increase from its current “price,” or one BTC per Tesla Model 3, to “one Bitcoin per Lambo” by the end of this year, and “one Bitcoin per Bugatti” by 2023. Powell added:

“For the crypto community, I think that asset class is easier to measure against Bitcoin because you never know where the dollar is going to be. There could be 10x the dollar there a year from now, so it’s really hard to measure Bitcoin against the dollar.”

Although Bitcoin traded for the price of a used 2010 Honda Civic for most of 2019 and the first half of 2020, when prices reached their all-time highs at the end of the year, one Bitcoin could have purchased a brand new Civic.

When asked about Ethereum, Powell stressed the importance of the burgeoning non-fungible token sector, noting, “All the NFT activity is really driving Ethereum usage.”

Powell also highlighted the uncertainty surrounding when the Eth2 overhaul will be completed, noting that deposits for Ethereum’s staking contracts are currently removing ether from supply.

On the topic of altcoins, Powell pointed to the buzz surrounding Polkadot, suggesting that the network could contain the “next Ethereum” due to scaling and fee issues.

“There are a lot of other tokens on top of that network, and I think you’ll find that a lot of things on Ethereum will be ported over to Polkadot,” he said, noting that “transaction fees are lower” associated with Polkadot.

Polkadot attempts to provide greater speed and efficiency than other crypto networks by processing transactions using a “parachain” architecture, in which multiple shard chains run in parallel. While it has yet to launch a parachain on Polkadot’s mainnet, last week the ecosystem’s Acala Network became the first project to secure a parachain slot on Polkadot’s Rococo testnet.

Although sharding is on the Eth2 roadmap, Ethereum co-founder Vitalik Buterin revealed earlier this month that its developers are currently prioritizing the chain merger between Ethereum and Eth2. Buterin also expressed his belief that second-layer rollups will fully scale the network in the short term, and that sharding is not a development priority. The Optimism rollup mainnet has since been delayed until July.