Bitcoin Predicted to Hit 1 Million in 10 Years!
Bitcoin entrepreneur and executive Casares made a compelling prediction as he spoke at the Consensus 2017 conference in New York. Taking the stage at a dinner organized by bitcoin and blockchain advocacy group Coin Center, Casares’ speech was quite the hit.
“The biggest mistake [would] be to buy more bitcoin than you can afford to lose. The biggest mistake is [also] not to own any bitcoin,” he told the gathered audience.
“Put 1% of your net worth in Bitcoin and forget about it for 10 years” Casares added, baiting new investors to adopt the cryptocurrency.
His speech also included a prediction for the cryptocurrency, where one bitcoin would hit $1 million before the next ten years.
Casares has long been a tech entrepreneur. As the founder of Argentina’s first internet service provider, he is also among the earliest evangelists of Bitcoin. He went on to launch a retail bank in Brazil before eventually launching bitcoin wallet Xapo. In early 2016, Casares joined Pay Pal, with the payments giant describing him as a “recognized next-generation payment and crypto-currency thought leader.”
Still, Casares’ claim is arguably among the most bullish predictions for bitcoin prices yet. Certainly more than early Snapchat investor Jeremy Liew and Blockchain CEO Peter Smith who predicted bitcoin prices to hit $500,000 by 2030.
It remains to be seen if either of these claims come true. One late 2016 prediction that has already proved right saw Danish investment bank Saxo predict bitcoin prices to rise by 165% (bitcoin was trading around $750 at the time), to leap beyond $2,000 in 2017. Bitcoin prices broke beyond $2,200 recently and it is valued at over $2,300 yesterday and continues to surge ahead almost daily.
Some skeptics believe that the present values may crash soon, but other factors such as the exponential capitalization in less than one year and as more and more people get comfortable with cryptocurrencies, Bitcoin will continue to break valuation records, bringing the world closer and closer to what has been coined "The Future of Money".
Top cryptocurrency advocates have identified the present price boom as the second wave, meaning that is when this currency is now being accepted by well known people and countries around the world, and predict that Wave 3 will be here when everyone will be trading with Bitcoin, and is accepted as payment by the corner grocery store.
For myself I have let many good opportunities pass me by including Bitcoin at $200.00 and Facebook IPO at $38.00, but this time I have decided to enter the arena and have taken positions in Bitcoin and other cryptocurrencies, through Bitcoin exchanges like CoinBase and Blockchain and programs like Ads Cash (Etherium Blockchain) launched at .025 per coin and in a couple of weeks has increased its value to .045 per coin. It is highly recommended that everyone become very familiar with digital currency which is poised to make many very wealthy as this phenom moves into Wave 3.
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