In this article we will talk about all the experts from the cryptocurrency industry, who believe that the price of BTC can reach $ 1 million. IBM Vice President for Blockchain and Digital Currencies Jesse Lund - one of the most authoritative experts in the industry, said that the price of Bitcoin can reach seven digits.
In an interview with Finder, he made this prediction:
"I see the cost of Bitcoin at around $ 1 million, maybe by the end of the year we will have a price of $ 5,000, but over a longer distance it will have a higher price ... this means that there will be more than $ 20 trillion in this network."
Mr. Lund is not the first to predict such a high price for Bitcoin. RT presenter Max Keyser said this during his show back in early 2016:
“Most people who are out of the industry and do not buy Bitcoin today will start buying it when its price reaches $ 1,000, and then a large percentage of people will definitely buy BTC. This will trigger his growth to $ 10,000. "
Rick Falquing believes that for a reasonable share of Bitcoin takeovers from 1% to 10% of the total world market.
“This calculation leads us to a figure from 600 billion to 6 trillion dollars of market capitalization. Considering these indicators, it can be concluded that the bitcoin price of Bitcoin will reach $ 100,000 at the lower border and $ 1,000,000 at the high border. ”
Wences Casares, general manager of bitcoin services provider Xapo Wences Casares, said that BTC could reach $ 1 million during a speech at TechCrunch Disrupt 2015.
"I think that the likelihood that bitcoin will cost more than a million dollars, is above 50%."
Mr. Casares also wrote about this on the Bitcoin.com forum.
“It’s hard to estimate how many people are using Bitcoin now, but according to approximate estimates it is about 15 million people. If Bitcoin turns out to be a successful project, we will see how hundreds of millions of people own Bitcoins and, ultimately, billions of people. The only way to get access to the billions of people who own Bitcoins is to raise the price by several orders of magnitude, say, by $ 1 million (but this is very speculative and risky). So if I'm right, Bitcoin should go from 390 to 1,000,000 dollars. ”
The host of the Bitcoin Knowledge podcast, Trace Mayer, made a few comments on the price of Bitcoin above $ 1 million. In 2013, he made the following statement:
“If people transfer only 1% of the cash balances from bank accounts located in the offshore tax haven, which are now estimated at 30 trillion dollars, we will get a bitcoin of 2.8 million dollars apiece.”
All these predictions seem rather optimistic. In order for BTC to reach the seven-digit figure over the next 5 years, it needs to add 0.3% per day. In the past, the price of Bicoin exceeded this figure, and in the midst of the bullish trend of 2017, the coin grew almost daily.
