‘One Bitcoin Will Be Worth $1 Million,’ Cryptocurrency Pioneer Tells PayPal CEO

in newslink •  7 years ago 

‘One Bitcoin Will Be Worth $1 Million,’ Cryptocurrency Pioneer Tells PayPal CEO

The post ‘One Bitcoin Will Be Worth $1 Million,’ Cryptocurrency Pioneer Tells PayPal CEO appeared first on CCN
Dan Schulman, chief executive of PayPal, talks with bitcoin pioneer Wences Cesares about bitcoin, blockchain and fintech in a Faceb...

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Based on what?

I have an article about bitcoin
Bitcoin Can Be "Mined" Only 20 Percent?

  ·  7 years ago (edited)

Hard to tell what will happen. There are som major issues they have to manage. Too costly to mine new Bitcoins, and transactions are a bit slow and expensive. But it is the preferred crypto at the moment so it does have big advantages.

But who can tell the future. Good luck in yours!

This one is only for the believer of BTC not for the panic sellers who are selling BTC for its normal correction.

Your post useful. I have an article about bitcoin
Bitcoin Can Be "Mined" Only 20 Percent?
Thanks for sharing

cough hype cough It will never reach that high because it would be dumb for the financial markets let it get that high. That's why things split, fork, etc. Like there being no $1000 bill. Unwieldy as a financial tool. Not to mention the parallels between gold and Bitcoin and you don't see gold at a million dollars a kilo.

That's the dream!

How many of you really think BTC will be the first coin to reach 1M though?

Pay Pal bought a lot of Bitcoins. Pay Pal's CEO speech can be a strategy to they sell Bitcoin in higher price.

but not only he is talking about there are lots of expert who are willing to see the btc to $1mln not he people who are panic in the correction.

Muy interesante estas noticias, no se a ciencia cierta si el bitcoin va a llegar al millón de dolares, pero eso seria excelente, si hace exactamente un año veíamos difícil que llegara a 10.000 y al final de año llego a casi 20.000, creo que en el mundo del bitcoin cualquier cosa puede pasar. lo que si tenemos que hacer es ser precavido y no abusar, mucho éxito,

It could be absolutely possible with the vast growth of the markets and the vast number of people getting into the market every year. 6 months back, no one had the slightest idea that bitcoin would hit $20,000 but it did. There were other alts which achieved vast growth within just a matter of few months. This all shows that Bitcoin hitting $1 Million would not be a total surprise as anything is possible in the crypto world.

At this juncture, Bitcoin has huge fees and the transfer rate is extremely slow compared to other cryptos. This has surely dented the confidence in Bitcoin. This might soon change with the introducion of lightening network and might again create whole lot of demand for Bitcoin that would see it's price skyrocketing.

The most important question is, when would it hit $1 Million.

Good post my friend @cryptonized. Just today I published a post about bitcoin and a possible scalability solution with lightning network. Here is the link if you would like to read it: https://steemit.com/bitcoin/@emmanuel250998/lightning-network-a-scalability-solution-for-bitcoin-part-i

Thanks for the update @cryptonized. People seem to have mixed views on BTC's future value, I have not set a target - I'm going to wait it out and see, I'm more interested in some altcoins.