1 Bitcoin could exceed $1M in 7-10 years: Xapo CEO

posted 5 months ago
According to Xapo CEO, Wences Casares, who is also a director at Paypal, Bitcoin may be worth more than $1 million in 7 to 10 years. “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),” Casares wrote.

He went on to say “If Bitcoin succeeds it may be a global non-political standard of value and settlement… after 10 years of working well without interruption, with more than 60 million holders, adding more than 1 million new holders per month and moving more than $1 billion per day worldwide, it has a good chance of succeeding…[at this rate] if 3 billion people ever own Bitcoin it would be worth ~ $21 trillion (~ $7,000 x 3 billion) or $1 million per Bitcoin.”
Tags: opinion, bitcoin