Bitcoin will hit $1 million in next 5 to 10 years - PayPal director

[beerlover]

When we came across same types of speculation from forum members, we have ended up arguing "too early".
Still I did read same kind of predictions many times here, probably time frame was different. But now it's time to consider these predictions serious.

Read more here : https://www.cryptocoinsnews.com/bitcoin-will-hit-1-million-5-10-years-says-paypal-director

[1714779379]

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[1714779379]

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[gentlemand]

A near $20 trillion market cap would be over twice as high as gold.

If it became some type of global reserve that's possible, but I really can't imagine any government or central bank gritting their teeth and hitting that buy button on Yobit.

If it became the de facto reserve for regular people that's conceivable too. In my entire life I have only met two people who owned any gold. I think it would require a few more decades though.

[BitcoinPanther]

A near $20 trillion market cap would be over twice as high as gold.

If it became some type of global reserve that's possible, but I really can't imagine any government or central bank gritting their teeth and hitting that buy button on Yobit.

If it became the de facto reserve for regular people that's conceivable too. In my entire life I have only met two people who owned any gold. I think it would require a few more decades though.

If you are saying that bitcoin will need few more decades to hit $1 million, then I think you are right.  It is quite impossible to reach the $1million target in just one decade.  There may be a general adoption of bitcoin but there will be resistance.  This resistance will slow down bitcoin price increase and might pull it down again and again.

[abercrombie]

That Xapo guy said the same thing 3 years ago:

https://www.youtube.com/watch?v=eL1M1rsSfsU

[arbitrage001]

Why stop at 1M, why not 1B?

[gentlemand]

Why stop at 1M, why not 1B?

Good idea. Let's do that instead.

That Xapo guy said the same thing 3 years ago:

https://www.youtube.com/watch?v=eL1M1rsSfsU

That's what he latched on to the moment he got into it. He seems to regard currency and retailing as a sideshow and is going for the gold aspect. I think he'll be proven right.

[Chef Ramsay]

Make it so.

[freedomno1]

Make it so.

Make it so. Indeed
How time flies even if he is the CEO of Xapo we got a Paypal director on board the Choo Choo Train.

“Put 1% of your net worth in Bitcoin and forget about it for 10 years” Casares added, baiting new investors to adopt the cryptocurrency"
It works.

[Vaskiy]

This has been an over rated price than what's been predicted earlier by blockchain CEO and Snapchat bitcoin investor which was around $5000000, that too has got a longer time period as the prediction was focused 2030 to be the target. Here in 10 years time that too higher than the past predictions make it hard, but I believe the expertise view vary from the view of us. Hope this to happen and change our lives.

[OmegaStarScream]

No one can deny the fact that we reaching all time high price, trading volumes, and amount of transaction but we should be a little bit more realistic here. I mean we are not even able to get the SegWit/BU story behind us, being a dreamer is not the solution at the moment. That being sad, I believe that we could reach that milestone but It could take much more then 10 years.

[bajing]

A near $20 trillion market cap would be over twice as high as gold.

If it became some type of global reserve that's possible, but I really can't imagine any government or central bank gritting their teeth and hitting that buy button on Yobit.

If it became the de facto reserve for regular people that's conceivable too. In my entire life I have only met two people who owned any gold. I think it would require a few more decades though.

If you are saying that bitcoin will need few more decades to hit $1 million, then I think you are right.  It is quite impossible to reach the $1million target in just one decade.  There may be a general adoption of bitcoin but there will be resistance.  This resistance will slow down bitcoin price increase and might pull it down again and again.

Yeah agree by seeing many pump occur in this year till bitcoin price can touch $2300 maybe one decade bitcoin price can touch $1million. of course if some countries will legalize bitcoin too like japan.

[Asrael999]

Make it so.

Make it so. Indeed
How time flies even if he is the CEO of Xapo we got a Paypal director on board the Choo Choo Train.

“Put 1% of your net worth in Bitcoin and forget about it for 10 years” Casares added, baiting new investors to adopt the cryptocurrency"
It works.

If every American put 1% of their net worth in Bitcoin it would be a cash injection of $247 billion - 309mm Americans , av net worth approx $80,000 x 0.01, where would that take the price?

[gentlemand]

If every American put 1% of their net worth in Bitcoin it would be a cash injection of $247 billion - 309mm Americans , av net worth approx $80,000 x 0.01, where would that take the price?

I've read somewhere an estimate of $250 billion of proper cash would push the price to over $80,000, but I think it would go far, far higher. Sellers would go on strike. But if the expenditure stopped it wouldn't make for a pretty sight.

[the_poet]

I'd be more than happy if BTC reached 10% of that

[LFC_Bitcoin]

I'd be happy if/when the price reaches $10,000 per coin, that'll be me cashing out 75% I think.

[slaman29]

Why $1 million, when it can be $1,000 or $1? Predictions should not be taken seriously even if they are from big personalities (or in fact, especially if they are from big personalities:) ).

Should we not buy if 90% people predict $100? Should we buy if 90% people predict $1 million? No and no:)

[gentlemand]

I'd be happy if/when the price reaches $10,000 per coin, that'll be me cashing out 75% I think.

Obviously that completely depends on how many coins anyone has, but I think most would be off their rocker to get rid at that price level. A $10,000 bitcoin means it's broken out of its hole and it's just starting to attract mainstream money.

[Meuh6879]

[freedomno1]

I'd be happy if/when the price reaches $10,000 per coin, that'll be me cashing out 75% I think.

Obviously that completely depends on how many coins anyone has, but I think most would be off their rocker to get rid at that price level. A $10,000 bitcoin means it's broken out of its hole and it's just starting to attract mainstream money.

By that price people will have been tempted to sell at multiple occasions along the way but one does have to enjoy the profits and spend them otherwise HODL till death which would be less fun.
Nearing the Gold holders 1% level

[LegendOF45]

Wonderful, the price of the bitcoin makes everyone amazed, I hope so that I will continue to buy, hold and would never sell bitcoin. There was no word late to buy because the price will continue to skyrocket.