Can Bitcoin price can realistically reach $500,000 by 2030? Renegade Investor on the WCN #38
Bitcoin $500,000 - Snapchat's First Investor Jeremy Liew said in an interview with Business Insider that Bitcoin price can realistically reach $500,000 by 2030. Is this price possible and how will we eventually get to this price if it is indeed possible?
This clip in an excerpt from 'Bitcoin News #38 - AsicBoost, Litecoin Pops, Bitcoin $500,000' streamed on 9 Apr 2017, I highly recommend you check out the whole show on the World Crypto Network YouTube channel:
Or on the Renegade Investor YouTube channel:
Renegade Investor website - http://www.renegadeinvestor.co.uk
About Renegade Investor:
Having developed a successful career in IT, the bank bailouts following the 2008 financial crash was the catalyst for Edward Blake's research into Finance, Economics and Investment. Questioning what was happening, the answers shocked him.
Banks and Governments have essentially created a global monetary system where legalised counterfeiting is a everyday practice, accountability and rule of law is non existent, profits are privatised, losses are socialised and moral hazard runs pandemic.
Edward has since dedicated every spare moment to what is now his passion – developing deep knowledge and understanding of economic systems, investment and geopolitics, and their symbiotic relationship in the global system.
A large part of his work is heavily geared towards precious metal investment and now Bitcoin; understanding its revolutionary potential, its Austrian school qualities, how it is its developing and evolving, changes in how it is bought, sold and stored, and ultimately its ability to change the world.
Edward has now accumulated over five years of experience & research in Investment, Economics and the Global Markets. He has also worked as an investment consultant for one of the UK’s biggest financial brokerages.
Edward considers himself one of a small, but growing, number of Bitcoin Specialists in the UK, as he works to promote the value of Bitcoin and its many uses as we enter a new paradigm in global finance.
In my opinion , yes it can . BUT only if it stays the no.1 cryptocurrency , if Eth or any other coin will get a higher marketcap , that would really hurt Bitcoin.
Thing is with ethereum is it was never designed to be a store of wealth or used as currency, however this doesn't stop ethereum having value.