Bitcoin going to hit 500,000 by 2030?
"Experts suggest Bitcoin will go as high as $5,000… $10,000… some even suggest as much as $250,000 before 2020.
In fact, a member of PayPal’s board of directors shocked everyone when he predicted one Bitcoin would be worth $1 million in 5-10 years.
One of the biggest mistakes you can make, he said, “is not to own any Bitcoin.”
Other predictions out of Silicon Valley have been more conservative, but equally shocking.
An early Snapchat investor and Blockchain’s CEO predict Bitcoin prices will hit $500,000 by 2030.
And even Business Insider said, “Bitcoin is going nuclear.”
$100 invested in Bitcoin in 2010 would be worth more than $72 million today, noted the Australian National Review. And, according to Forbes, Bitcoin “is going mainstream.” But you shouldn’t spend even one penny on it."
How high do you think Bitcoin will go?
If Bitcoin becomes the default store of value similar to gold, the numbers thrown around arent far off.
The gold market is worth $7.8T. With 21 mllions coins, that would put BTC at $371K per coin. Add in the fact that BTC is easier to use for payments and to transport/store, you can add a premium to the price I just mentioned.
In other words, there is a lot of upside.
I wish I had invested earlier