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Tuesday, May 23, 2017

Bitcoin ‘Will Be Worth $1 Mln In 10 Years’: Swiss-Based Bitcoin Wallet CEO

Bitcoin ‘Will Be Worth $1 Mln In 10 Years’: Swiss-Based Bitcoin Wallet CEO

Swiss-Based Bitcoin Wallet Xapo CEO Wences Casares has made one of the most bullish Bitcoin price predictions yet at the Consensus 2017 conference in New York.

In comments at the event, Casares forecast one Bitcoin being worth a massive $1 mln in ten years’ time, taking attendees by surprise.

Bitcoin price predictions have been increasingly daring in recent months as Bitcoin breaks through one barrier after another - $1,200, $1,600, $1,800 and most recently $2,000.

In April, Blockchain CEO Peter Smith joined Snapchat investor Jeremy Liew in saying $500,000 would be the cost per coin by 2030. At the time, Bitcoin cost around $1,170 - around half its current price.

Full story at http://bit.ly/2rMNKpz

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