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Tuesday, May 2, 2017

Bitcoin Price at $500,000 by 2030: African Projection

Bitcoin Price at $500,000 by 2030: African Projection

Though not a new thesis that Bitcoin price could rise drastically - up to $500,000 in the next 13 years according to the first investor in Snapchat - based on what comes out of developing countries, an analysis of some figures and trends as they relate to Africa comes to mind.

Jeremy Liew and Blockchain Co-Founder Peter Smith hinged their outlook for an increased interest in Bitcoin on remittance, uncertainty and mobile penetration. These factors, especially remittance, have much to do with Africa, whose composition of developing countries have what will strengthen the rise and use of Bitcoin for several financial purposes in the coming years.

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