PayPal Director Says Bitcoin Will Hit $1 Million in 6-10 Years

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

The bitcoin entrepreneur and officials were speaking at the Agreement 2017 conference in New York. Taking the stage at a dinner organized by bitcoin and blockchain advocacy association Coin Center, Casares’ speech was quite the hit.

While we did not visit and are incompetent to find a video of the talk, there are a few important takeaways from scatterings of his speech published online. Putting bitcoin under the fame, 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 blunder [would] be to buy more bitcoin than you can bear to lose. The biggest slip is [also] not to own any bitcoin,” he told the gathered audience.

“Put 2% or 3% of your net worth in Bitcoin and forget about it for 8 to 10years” Casares added, baiting new investors to adopt the cryptocurrency.

In His conversation also included a forecast for the cryptocurrency, where one bitcoin would hit $1 million before the next Eight to ten years.

Casares has long been a tech entrepreneur. As the founder of Argentina’s first internet service provider, he is also between the immediate preacher of Bitcoin. He continued on to launch a retail bank in Brazil before ultimately launching bitcoin wallet Xapo. In early 2016, Casares joined PayPal’s supervisory's board, with the payments gigantic describing him as a “perceived next-generation payment and crypto-currency thought leader.”

Still, Casares’ claim is arguably among the most optimistic forecasts 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.

Click here for more detail

https://www.cryptocoinsnews.com/bitcoin-price-hit-500000-2030-says-snapchats-first-investor/

It remains to be seen if either of these claims come true. One late 2016 forecast that has already proved accurate saw Danish investment bank Saxo predict bitcoin prices to rise by 165% (bitcoin was trading around $750 at the time), to leap further on $2,000 in 2017. Bitcoin prices smashed beyond $2,200 yesterday and are continuing to stream ahead at the time of publishing.

Danish investment bank Saxo predict bitcoin prices for more detail click below

https://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/