Realist, not conformist analysis of the latest financial, business and political news

No, Really, Bitcoin Won’t Be Worth $1 Million Each In 10 Years Time

This is a fun float of a little prediction but the chances of it coming true are about as high as my dating Ariana Grande in a decade’s time. You know, indistinguishable from zero. For the posit is made that Bitcoin will be worth $1 million in a decade’s time. I’d put the changes of the entire Bitcoin universe being worth that as higher than each Bitcoin achieving that value.

But that’s what the latest director added to the PayPal board has just said:

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]One Bitcoin Could Exceed $1 Million in 7 -10 Years: PayPal Director[/perfectpullquote]

Hmm, well:

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]“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),”[/perfectpullquote]

Oh, rightho then. We’ll take that as gospel, shall we?

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]In a recent commentary, Wences Casares, who is also the chief operating officer of crypto custody solution Xapo,[/perfectpullquote]

Ah, perhaps not. The man’s talking his own book, isn’t he?

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