Bitcoin Could Exceed $1 Million in 7 -10 Years: PayPal Director - page 3.

Shinpako09

legendary

Activity: 2058

Merit: 1015

Quote from: avikz on April 15, 2019, 11:08:11 AM

This news popped up in my phone from Google suggested article today and I must say that such kind of claims have no strong ground to be believed! Even though I personally believe it happens because then I will be a millionaire but I prefer to stay grounded and believe in practicality. However, this article is a bit of clickbait to me because the statement came from Wences Casares who is the CEO of XAPO. He is indeed a board member of Paypal as well but he is heavily invested in crypto sphere and made a great business out of it!

It's a simple speculation nothing to feel serious about it!

Agreed, what would we expect from a big investor. Of course he has a high hope for btc and will give such prediction. It's for his own good in order to make an insane profit, he will spread good vibes about the coin. The same with big investor of other coins. You won't put down the coin you have heavily invested.

adaseb

legendary

Activity: 3808

Merit: 1723

It's like fourth quarter of 2017 where every news stand posts crazy predictions about bitcoins future price. Basically it's more of a way to get views than actually provide anything concrete.

Some will click the link, read the article and most likely won't buy any crypto anyways. But the news stand gets its exposure and all is well.

It's surprising how during the market decline there wasn't any predictions about bitcoins bottom of $3K. Some had very low predictions like $1000 but nothing in the $3000 range.

The Author CEO of Bitmex was correct when he said that ETH will hit double digits and most likely the only analyst to provide anything inciteful.

pooya87

legendary

Activity: 3472

Merit: 10611

we will definitely see $1 million in the next two rallies at least.
but it is impossible to say how long each of these rallies are going to take. the whole process can take 2 years or 3 or even 1 and each rally will go at least 20 times higher like the last times but it has a much bigger chance of going a lot higher because each time the market grows bigger and adoption rate (the only thing affecting the price) is growing exponentially not linearly and so should the price.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

Quote from: Hiralbaria97 on April 15, 2019, 10:58:23 AM

“In my (subjective) 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 (at the time of writing the price of Bitcoin is ~ $4,000),”- Xapo CEO Wences Casares

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

We cannot be sure of the price of bitcoin in the next few years, because it depends on our attitude towards using bitcoin. when we use it more and more, the price of bitcoin will continue to increase. Basically, I am very optimistic that the price of bitcoin will increase well and I am optimistic that our future is with bitcoin and with its sophistication and flexibility.

Adriano2010

hero member

Activity: 1414

Merit: 516

I don't think will reach so high price in 10 years, maybe will reach over 300,000$ in 7 years, but if a lot of people will start buy then the price can go up faster and most of holders can get huge profit.

Bagaji

sr. member

Activity: 1330

Merit: 291

Quote from: Hiralbaria97 on April 15, 2019, 10:58:23 AM

“In my (subjective) 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 (at the time of writing the price of Bitcoin is ~ $4,000),”- Xapo CEO Wences Casares

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

Point of correction dude, Bitcoin market value has not drop to $4000 as you rightly mentioned in your submission above. Your projection of Bitcoin reaching the $1 million per one in the next 7- 10 year is not possible in reality except if you are dreaming.

Theb

hero member

Activity: 1680

Merit: 655

He might be right on giving Bitcoin a 50% (it's less than my opinion) chance on succeeding but he is definitely wrong on putting up a 1 million dollar price tag per Bitcoin. If you look at his other message :

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

According to Casares, a director at PayPal, investing in an emerging asset like bitcoin poses risks and it would be irresponsible for an investor to invest anything more that can be lost. But, he emphasized that it would be almost as irresponsible to not have any exposure to BTC at all.

I'm no math or investment genius but the pros definitely outweighs the risk he is talking about if we have a 50% chance of multiplying our money by 250 times. I don't know why he said this if he is very optimistic with Bitcoin's future but he definitely contradicted his own prediction just by saying this warning for us, as if he is telling us that he also doesn't believe the words that has come in his mouth.

Slow death

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: Hiralbaria97 on April 15, 2019, 10:58:23 AM

“In my (subjective) 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

it's a prediction very exaggerated price forecast, so exaggerated that I find it impossible to happen, I hope no one will take this forecast seriously. the price can reach more than $20,000 in 5 years. 1 million is a fairy tale and his arguments are arguments that have little value

Quote from: Hiralbaria97 on April 15, 2019, 10:58:23 AM

(at the time of writing the price of Bitcoin is ~ $4,000),”

On the 14th I did not see the price fall below $5000

avikz

legendary

Activity: 3080

Merit: 1500

This news popped up in my phone from Google suggested article today and I must say that such kind of claims have no strong ground to be believed! Even though I personally believe it happens because then I will be a millionaire but I prefer to stay grounded and believe in practicality. However, this article is a bit of clickbait to me because the statement came from Wences Casares who is the CEO of XAPO. He is indeed a board member of Paypal as well but he is heavily invested in crypto sphere and made a great business out of it!

It's a simple speculation nothing to feel serious about it!

Hiralbaria97

newbie

Activity: 18

Merit: 0

“In my (subjective) 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 (at the time of writing the price of Bitcoin is ~ $4,000),”- Xapo CEO Wences Casares

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

Topic: Bitcoin Could Exceed $1 Million in 7 -10 Years: PayPal Director - page 3. (Read 523 times)