Paypal Board Member: Bitcoin May Grow 250x

ausbit

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Quote from: akela04 on April 19, 2019, 12:55:44 PM

After 20 years, this is quite possible. If bitcoin continues its rapid development, we can soon see such an increase in value Grow 250x . Cryptocurrency is the future.

I really don’t see anything for now that is stopping the rapid growth of bitcoin, bitcoin has attracted the attention of a lot of people that I would not even believe that could be a partner in this, those bigger institutions that we will soon be seeing their effect on the market will enforce its adoption on other institutions too.

So, 20 years is really a long time that is more than enough for bitcoin to really develop to its fullest and become useful for store value like Gold. Majority of people will tend to hold it then as digital store value which will make it become stable for everyone to rely more on it.

Wayan_Pedjeng

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In case the exchange rates climb to $1.25 million per coin, then the total net worth of all the coins (i.e the market capitalization) can be over $20 trillion. Just ask yourselves whether this is possible or not. My opinion is that we need to keep our targets low and nothing can be gained if we go after such unrealistic targets.

ricardobs

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I know very much from what angle they say this, and I can boldly say that they are very correct and we would definitely see the price of Bitcoin get to that stated amount, though it make take some few years before this is achieved, because what will cause an increase in price is recession that will be coming to so many countries of the world rendering their fiat money useless including the united states which is known to be the world power.

secone

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Quote from: pushups44 on April 14, 2019, 06:08:23 PM

Wences Casares, the CEO of Xapo and board member of Paypal, believes there is a 50% chance that bitcoin will succeed, causing the leading cryptocurrency to rise 250x in price from where it is today. Doing some math, this equates to $1.25 million per bitcoin. I'm not sure if this is a realistic figure, but it seems to be one of the most bullish calls in some time.

https://www.newsbtc.com/2019/04/14/paypal-board-member-bitcoin-btc-value-may-surge-by-250x-if-it-succeeds/

for blockchain adoption im sure we will see more "new blockchain ecosystem" like thai agency election use blockchain (https://www.coindesk.com/thai-government-agency-develops-blockchain-tech-for-elections-voting) , but the main problem must we solving before bitcoin prise rising is "the implementation about lightning chain" if we care about it we will see bitcoin network will be stable event bitcoin price rising again.

South Park

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I am terrible at Fantasy Football!!!

Quote from: BitMaxz on April 14, 2019, 06:55:17 PM

Too much expectation may lead to disappointment but it might possible to happen after 2140.
Since bitcoin already reaches 19k USD each a year ago there are possibilities it might happen but we don't know when and I am sure we won't see it until we die.
This is just my own speculation and don't expect too much that it might happen these coming years.

Correct, and even if that happened how many people are still going to be holding their coins by that time? Or how many of us are going to be even alive when that happens? There is no point in worrying about such a thing it is better to concentrate in things that are a lot closer like when bitcoin will surpass 6000 or when bitcoin will reach 5 figures again? Worrying about something that may take decades, if it happens at all, is pointless.

crzy

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Quote from: Wilhelm on April 17, 2019, 06:32:11 AM

I think these people have invested themselves and are chiming their own bell....

They have to say this one so many investors will believe to them and their coins will become expensive. Well, paypal already aware about this one, and maybe this is why its employees are also investing on bitcoin. 250x growth with bitcoin is not to easy happen, this is just an obvious hype in the market.

passwordnow

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50% chance of succeeding does this means that bitcoin has a chance to fail? he's giving too much price prediction for bitcoin and it seems that he's half believing that it's likely to fail/succeed. Like what everyone has told, he's the CEO of Xapo and that company mainly focuses with bitcoin. I remember those days when I'm using xapo but due to the high fees, many has stopped using them. This isn't different from what John McAfee has predicted but JM's prediction is for next year.

Rune

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Paypal has always shown a interest in Bitcoin I also think some higher up people there are just large investors trying to help it make them more money.

akela04

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After 20 years, this is quite possible. If bitcoin continues its rapid development, we can soon see such an increase in value Grow 250x . Cryptocurrency is the future.

Fortify

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Quote from: wuvdoll on April 19, 2019, 10:31:41 AM

We don't really know if this person wise enough to actually make those claims (seriously one million dollars?) or he is just doing a wishful thinking. Some people believe in something because it would help them out a lot and than whenever they are given the chance they just say that their hopes will happen sooner or later and that is their way of putting their dreams out there in the world. This could totally be something like that.

We all know he is investing heavily into bitcoin anyway so one bitcoin equals one million dollars would mean the worlds to him and he would make more money than he ever did (which says something since he is a rich person anyway) if bitcoin went to one million dollars one day. This feels more like his dreams when he lays at night instead of actual prediction.

Yep, just because somebody works for Paypal doesn't suddenly give them special insight into the future of bitcoin. Infact, Paypal is one of the tools that has the direct ability to compete with bitcoin - all it has to do is lower the fees it takes - they make a little less profit but may gain ever more market share.

wuvdoll

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We don't really know if this person wise enough to actually make those claims (seriously one million dollars?) or he is just doing a wishful thinking. Some people believe in something because it would help them out a lot and than whenever they are given the chance they just say that their hopes will happen sooner or later and that is their way of putting their dreams out there in the world. This could totally be something like that.

We all know he is investing heavily into bitcoin anyway so one bitcoin equals one million dollars would mean the worlds to him and he would make more money than he ever did (which says something since he is a rich person anyway) if bitcoin went to one million dollars one day. This feels more like his dreams when he lays at night instead of actual prediction.

Febo

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Quote from: pushups44 on April 14, 2019, 06:08:23 PM

Wences Casares, the CEO of Xapo and board member of Paypal, believes there is a 50% chance that bitcoin will succeed, causing the leading cryptocurrency to rise 250x in price from where it is today. Doing some math, this equates to $1.25 million per bitcoin. I'm not sure if this is a realistic figure, but it seems to be one of the most bullish calls in some time.

https://www.newsbtc.com/2019/04/14/paypal-board-member-bitcoin-btc-value-may-surge-by-250x-if-it-succeeds/

They did not invent anything new. All was already said and known before. Paypal itself is a small payer and Bitcoin is for long way more used then Paypal.

olumyd

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Quote from: pushups44 on April 14, 2019, 06:08:23 PM

Wences Casares, the CEO of Xapo and board member of Paypal, believes there is a 50% chance that bitcoin will succeed, causing the leading cryptocurrency to rise 250x in price from where it is today. Doing some math, this equates to $1.25 million per bitcoin. I'm not sure if this is a realistic figure, but it seems to be one of the most bullish calls in some time.

https://www.newsbtc.com/2019/04/14/paypal-board-member-bitcoin-btc-value-may-surge-by-250x-if-it-succeeds/

It would seem he's of the same mind with McAfee. Well making predictions in this space isn't something new anymore. They should just put a bet on it and put their money where their mouth is. I mean a street-like gamble on the price of bitcoin - Futures analogue if you will.

Cacingkemi

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Price predictions are sky high, although in reality its still in process and continues to increase every 5 years but the value above $1 million is an existing hope high prediction. I think it's just speculation and we all don't know the future how many value.

Bonsaiav

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Maybe they feel that what they say can be influenced by people, for beginners 'maybe, yes' but not for me personally. Because what they say has exceeded their morality namely as ordinary human beings.

IIn the past two years John McAfee's considered a great thinker, entrepreneur, and as a crypto celebrity on tweeters, he often posts that are shocking and touting the positive future of cryptocurrency prices, for a moment it might look good however if we can pay attention His words well, I think what he said was far beyond common sense.

daarul50

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I am not interested in the predictions made by influencers because they will not stop to say various predictions related to bitcoin. Their opinions as if they were considered right by the beginners and in fact, most of these predictions did not occur in the future, maybe even those influencers only used their statements to make a profit.

beerlover

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Quote from: Sanitough on April 17, 2019, 10:02:21 PM

Quote from: Wilhelm on April 17, 2019, 06:32:11 AM

I think these people have invested themselves and are chiming their own bell....

We never know, unless they'll make it public.
people who invested in BTC can make a bad or good call, they both benefit on the outcome, if it will cause a dump they will accumulate
and if will cause a big pump, they'll cash out with a good profit. Don't take their words seriously, we should know how they play.

You are very much right about that, we can never take the words of these players serious, I am sure before they picked interest in Bitcoin, they must have been well trained on how to manipulate people in cryptocurrency, using their influence. When you see people of this figure coming out in public to hype a coin, they will never declare their interest but they absolutely have a shares of the coin, since they are very rich, they play the games of whales too, hype coin to create pump and bad mouth it bad to create dump, we already know how they operate and the best is to move alongside with them, we should never get caught up in their game and never allow ourselves to be manipulated again.

Kemarit

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Quote from: Reid on April 18, 2019, 05:00:25 AM

Well its okay for me for him to say that but I would rather stick with what I believe in. For that large rise it could cause mayhem in the financial system so a slow movement would be best for all.

For those who have been here in 2017 and see the price grows magically to almost $20000, I would say that a slow movement is much better. It might be a long hard grind ahead, but if it will bring some sort of stability to the price then I certainly will go on that direction.

Quote from: Reid on April 18, 2019, 05:00:25 AM

He is from Xapo and he is keeping bitcoins which is no doubt about that.
Why do you think he will spread this kind of news?! Grin

Just to shill and see his portfolio grow overtime. Who wouldn't love to see our investments grow by just shilling? Grin

Distinctin

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Quote from: Reid on April 18, 2019, 05:00:25 AM

Why do you think he will spread this kind of news?! Grin

For the reason that he wants us to buy and so he can sell.
Big investors are not only looking for long term investment, they have huge investment so any small percentage increase would result to a decent profit already, I think that's what he is up to.

Reid

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Well its okay for me for him to say that but I would rather stick with what I believe in. For that large rise it could cause mayhem in the financial system so a slow movement would be best for all.

He is from Xapo and he is keeping bitcoins which is no doubt about that.
Why do you think he will spread this kind of news?! Grin

Topic: Paypal Board Member: Bitcoin May Grow 250x (Read 729 times)