PayPal Director says Bitcoin will reach $1 Million in 5-10 years

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evo

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Wences Casares, CEO of Bitcoin wallet Xapo and member of PayPal’s board of directors has made a compelling forecast on Bitcoin’s value over the next decade.

The Bitcoin entrepreneur and executive was speaking 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.

Putting Bitcoin under the spotlight, Casares opined that “the internet doesn’t have a currency and it desperately needs one”, pointing to the world’s most popular cryptocurrency.

“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 PayPal’s board of directors, with the payments giant describing him as a “recognized next-generation payment and cryptocurrency 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.
 
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i believe it will, the only problem is that when 1 bitcoin = 1 million dollars, it will be because the u.s. dollars will be worthless
 
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