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

[Hiralbaria97]

“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

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[avikz]

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!

[Slow death]

“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

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

 

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

[Theb]

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 :

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.

[Bagaji]

“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.

[Adriano2010]

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.

[iqlimasyadiqa]

“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.

[pooya87]

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.

[adaseb]

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.

[Shinpako09]

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.

[Whosdaddy]

“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

I thought both of them have clash of interest, when did they start supporting bitcoin, hum, I really smell something fishy about this if true, because BTC could affect their own payment system and unless they have investment already in the coin and trying to create an hype for FOMO to step in, or it could be a way of marketing themselves more to the public using the bitcoin marketing strategy other big popular images too has been using.

Anyway, if they are truly genuine in their interest, it is really going to be a great team that solid people such as paypal are also interested in cryptocurrency, so what is then left, other company’s just need to forget their issues and join in the raise.

[Duzter]

One million is something very big and is beyond the reality. Though the market has got the potential to reach such a high value it is in need of very big adoption. This adoption is not possible to be attained in a very short time period. It requires a large time space to grow reaching the common people's hands. From my view when each and every common man around the world know about cryptocurrency I expect the growth of bitcoin go above one million.

[buwaytress]

Lovely guy, to actually admit it's a purely subjective opinion. And at least 50% chance of that happening? So for a 50/50 boom or bust, I should get an expected value of 2/1. But ov34 200/1 at today's prices? Man I'd be crazy not to take that bet!

P.S. According to my own (subjective) calculations, there's a 50% chance that the guy's made a mistake in his calculation, leading to a distinct 80% chance that the $ 1 million could fall outside of the 7-10 year range. Watch this space in 2026-2029. I could just be NostraBitcoindamus.

[bitcoin31]

Another speculation for the bitcoin price which is unreality.  $1,000,000 is some I see some prediction of others.
I would like to say for the everyone who predict that value it will not happen so don't expect for the bitcoin to become like that.  7-10 years is longtime and there is a lot of happens for sure.

[ethereumhunter]

Another speculation for the bitcoin price which is unreality.  $1,000,000 is some I see some prediction of others.
I would like to say for the everyone who predict that value it will not happen so don't expect for the bitcoin to become like that.  7-10 years is longtime and there is a lot of happens for sure.

No problem, I always receive so many predictions from many sources, but I never believe until I do my research. Somehow, bitcoin will increase later, and we believe that. If they say that it will happen in 7-10 years from now, then they must have guidance to talk about that, and we need to see their proof so we can believe too. But until now, bitcoin price is really hard to predict, and all of us don't know what will happen tomorrow and when the price can increase higher.

[mrdeposit]

“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

250x reward looks sweet but risks are bigger than the old days. Considering the new part of decentralized exchanges old version of exchanges can lose their reputation in the smaller time frame.

[carlisle1]

“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

No i will never believe this idea,bitcoin is currency and not anything else so why need to think of reaching a million dollar value i respect all of opinions here but not to take things seriously in sometime

Bitcoin will have a good future and but not to the extent of huge price speculations

[1Referee]

250x reward looks sweet but risks are bigger than the old days. Considering the new part of decentralized exchanges old version of exchanges can lose their reputation in the smaller time frame.

Uh, the risk tied to Bitcoin has never been as low as it is today. The 2015 bear market was scary as heck, while the current bear market with the improved fundamentals offered me a fantastic buying opportunity. People's confidence in the market reflects that too, because regardless of how hard we fell last year, there was still a lot of optimism, while in 2015 there was no such a thing at all.

Not investing in Bitcoin is a way bigger risk than investing in it. Even if you don't like it, but secretly think there is potential, owning a few % of it won't cause you to go bankrupt would Bitcoin go to zero overnight.

[dothebeats]

I don't think we can easily stretch out into $1-M in just a short span of time. $50K is already a daring and elusive target to reach, what more if what we're talking about is in the millions? Perhaps it might take a couple more decades before we reach it, or may not reach it at all in our whole lifetimes. But unlike any other bitcoin bulls, this guy clearly admits that it's only his subjective opinion and should not be taken seriously at all. Highly optimistic, but doesn't lure people into false hopes and I think that's what every prediction should be.

[Beerwizzard]

“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

Just imagine what market cap should we get if a single bitcoin would cost 1$mln. That numbers would be able to compete with the other fiat currencies, which tbh doesn't seem realistic. And what should happen to make people invest in cryptocurrencies at least the same amounts as half of its "potential MC"? Probably nothing because it wouldn't happen.
The larger MC is, the smaller growth it will provide. It is easier to buy a pen for 1$ and resell it for 1.5$ with a 50% growth but you won't be able to resell it each time for 50% more.