"Bitcoin could be worth $1 million within the next 7-10 years" - Paypal Director

in bitcoin •  5 days ago

A director at Paypal thinks bitcoin could be worth $1 million within the next decade.

A director at Paypal, Wences Casares said that he could easily see bitcoin reaching $1 million within the next 7-10 years.

Not only that, but he thinks the odds of it happening really are pretty good!

His quote:

“In my opinion, those chances of succeeding are at least 50%. If Bitcoin does succeed, 1 Bitcoin may be worth more than $1 million in 7 to 10 years. That is 250 times what it is worth today.”

(Source: https://www.ccn.com/one-bitcoin-could-exceed-1-million-in-7-10-years-paypal-director)

At least 50% odds of happening?

I don't know about you, but I like the sound of that!

How will it happen?

According to Casares, bitcoin won't even have to replace reserve currencies in order to do it.

"If Bitcoin succeeds it will most likely not replace any national currency. It may be a supranational currency that exists on top of all national currencies. If Bitcoin succeeds it may be a global non-political standard of value and settlement."

(Source: https://www.ccn.com/one-bitcoin-could-exceed-1-million-in-7-10-years-paypal-director)

He doesn't think bitcoin will need to replace reserve currencies, but instead will supplement them.

It will represent a sort of global standard that other countries can use for settlements and trade.

Once that happens, sky is the limit for prices.

(Source: https://coinmarketcap.com/currencies/bitcoin/)

Why $1 million specifically?

Historically, the market cap for bitcoin has traded for roughly $7,000 X the number of people that own bitcoin...

If that metric holds up and 3 billion people own bitcoin, that is a $21 trillion dollar market ($7,000 X 3 billion).

Which, when you break it down, would come to $1 million per bitcoin.

Stay informed my friends.

-Doc

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That would be great and I hope Steem will be worth $100+ then xD

Posted using Partiko Android

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I would take $10 personally.

Hope he is correct 🧐💰🧐

let's see it!

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Just wait 7 to 10 years and you may!

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what about steem?

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Well considering it is currently 53rd on CM, the lowest it has ever been, I don't have good things to say about steem going forward unfortunately.

In ten years it will be worth 6 million per coin :D

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Where did you get that number?

Amazing really

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If it's right yes.

What🤔🤣😫😨😓🤑😱😰🤢🤮

Posted using Partiko Android

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Sure would be nice, eh?

Or it could be worth 10c. A lot could change in 10 years and I do not see why Bitcoin has to be the one to make it big. There are a lot of wild claims being made by people with an interest in it going up and I think it is mostly guesswork. That's my opinion :)

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Very true. Though bitcoin has mostly grown up in a swamp thus far and still manages to be the king.

Interesting to see these high profile people come and supporting it here. I wonder if they bought the dip? Or even, may the dio happen for a chance!

Posted using Partiko iOS

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I am sure they are holding some for sure.

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