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

[e-coinomist]

“In my (subjective) opinion ”- Xapo CEO Wences Casares

Speaking for Xapo mostly, I'm sure the remaining board of directors are seeing PayPal performing the most daily payments in near future.

Conquering PayPal requires throughput, requires mass markets. Bitcoin should focus on it's Achilles' heel and there are many. Cross border payments to mention. Financial privacy, of course.

[btc_angela]

“In my (subjective) opinion ”- Xapo CEO Wences Casares

Speaking for Xapo mostly, I'm sure the remaining board of directors are seeing PayPal performing the most daily payments in near future.

Conquering PayPal requires throughput, requires mass markets. Bitcoin should focus on it's Achilles' heel and there are many. Cross border payments to mention. Financial privacy, of course.

I think bitcoin is already closing some gaps. I wouldn't call it Achille's heel though, there are lots of crypto that is faster than bitcoin if we are going to compare them, however, is the most trusted so regardless if there is some issues with fees or the speed more people will still used bitcoin for cross border payments.

[KennyR]

“In my (subjective) opinion ”- Xapo CEO Wences Casares

Speaking for Xapo mostly, I'm sure the remaining board of directors are seeing PayPal performing the most daily payments in near future.

Conquering PayPal requires throughput, requires mass markets. Bitcoin should focus on it's Achilles' heel and there are many. Cross border payments to mention. Financial privacy, of course.

I think bitcoin is already closing some gaps. I wouldn't call it Achille's heel though, there are lots of crypto that is faster than bitcoin if we are going to compare them, however, is the most trusted so regardless if there is some issues with fees or the speed more people will still used bitcoin for cross border payments.

In terms of varied features there were more altcoins that are better than bitcoin as stated in the above quote. In terms of liquidity bitcoin takes the lead, and this makes bitcoin to be the much used one than many other cryptocurrencies with advancements. Already there are few coins created by banks were getting used for transaction within country and bitcoin for cross border transactions.

[YuginKadoya]

Exceeding $1 Million will be possible given a time span and I think bitcoin will sure need a lot of it in the future before it can make a possible $1 million dollar and in 7-10 years might be enough to get that pace and considering the bear markets, bubble, and Dips it takes there is still Bull market, To the Moon and Skyrocket up with the price that many Holders are waiting so much, But if the price of bitcoin would consider being at a million of price many will take a hard time earning, or entering with that kind of value, But I guess that will be a regret for those not holding anymore on that given time, But the possibilities are there and learning to wait is sure is rewarding with this kind of Currency.

[samcrypto]

“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

If this thing is true, then what would be the next basis of rich people because for sure everyone will have their first million easily. This is too good to be true, i know bitcoin is a huge success but the million price will not happen in the next 10years, Paypal might too exaggerated for this prediction.

[upsidedown75]

In terms of varied features there were more altcoins that are better than bitcoin as stated in the above quote. In terms of liquidity bitcoin takes the lead, and this makes bitcoin to be the much used one than many other cryptocurrencies with advancements. Already there are few coins created by banks were getting used for transaction within country and bitcoin for cross border transactions.

It is not that I am being biased in my judgment or because of the interest I have in BTC, I also have some good altcoins I have invested my money and time in but none of them has been able to meet up to the standard of Bitcoin, those altcoins are just being over hyped and there is nothing absolutely new they have added to the system, other than using it as means of raising funds for their project.

Before the invention of BTC, if they were so good, why did they not come up with an idea and they had to hide under the shadow of Bitcoin, let us leave matter where it is and be sincere to ourselves, few of these altcoins are the ones with real products, many of them are just shadows of themselves.

[Ronyx]

Bitcoin surged to $ 1 million for the next 7-10 years, I find it hard to believe because the price of $ 1 million is too high for one bitcoin.

[cryptjh]

Imagens bitcoins go to $1 million, and then bitcoins have a bloody red week where it drops 20% we have seen that before, but here you would have lost $200.000 for each bitcoins you own in just one week.
Will, you still be holding  bitcoins when we get near 1m and who will be buying when we get near one million?

Personally I think we will get to a million one day and hopefully, the price will be more stable than it is now.

[Umkar]

In principle, I agree with Xapo and his assumption that Bitcoin can cost more than 1 million dollars and he is not the only one who thinks that it is quite possible. But if this happens, then definitely not in the next few years, because such growth requires much more time.

[FanEagle]

In principle, I agree with Xapo and his assumption that Bitcoin can cost more than 1 million dollars and he is not the only one who thinks that it is quite possible. But if this happens, then definitely not in the next few years, because such growth requires much more time.

There are so many factors that would work against this, government, banks, dumping etc, except there are no more BTC supplies in the market, that value is quite not real to me for BTC to achieve, and Bitcoin does not even have to get to that value to be known for its performance.

If bitcoin decides to remain on this value, I would still be satisfied because the benefits of having it as a payment means outweighs benefit of using it as investment, many of us are always targeting this unrealistic value because of our investment, in 7 years’ time, the only value I feel is realistic is maximum of $200,000.