IBM Blockchain President: “I See Bitcoin at a Million Dollars Someday”

While bitcoin price predictions have become rather played out and rarely ever seem to be accurate (or at least when made by John McAfee), there is no ignoring the price tag vice president of blockchain and digital currencies for IBM, Jesse Lund, has placed on bitcoin in the future.

During a recent interview with news platform Finder.com, Lund was asked where he saw the price of bitcoin in USD value by New Years Eve 2019, to which he responded, "I’ll go with $5,000.”

Lund would go on to add that he has a long term outlook that places bitcoins future price in USD at 1 million dollars.

“I see Bitcoin at a million dollars someday," he said. "I like that number because if bitcoin is at a million dollars than satoshi is on value parity with the U.S. penny and that means there is over $20 trillion in liquidity in this network."

And speaking of McAfee ...

In the wake of Lund's predictions, the cyber security expert who is currently on the run from the U.S. government tweeted on Friday:

"People are waking up to the fact that Bitcoin will be $1,000 000. But when? "Someday". "Maybe 5 years". "WIthin a decade". I'm the only one giving you a hard date: Dec 31st, 2020.https://www.chepicap.com/en/news/7612/-btc-years …"will-be-1-million-someday-says-jesse-lund-vp-of-blokchain-at-ibm.html"