PayPal Director Predicts Bitcoin To Hit $3 Million In 10 Years

The consensus 2017 conference has been one of the highlights of the bitcoin calendar so far, this year. Allowing developers and entrepreneurs to contribute to the future development of cryptocurrency in real world settings. However, the speech given by Wences Casares, one of PayPal’s directors became a highlight of the as he predicted bitcoin to reach $3 million within the next 10 years.

paypal directors 3 million $ prediction

Wences Casares was one of the earlier adopters of bitcoin joining PayPal’s board of Directors last year representing bitcoin and cryptocurrencies as technologies of the future. One of the founding members of Xapo, Caseres has become of the spokesperson of such technology for the payments provider.

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,

Put 1% of your net worth in Bitcoin and forget about it for 10 years Casares added

To conclude, being one of the most ambitious predictions for bitcoin prices, $3 million has been announced as the figure proposed by the PayPal director. PayPal’s interest in bitcoin and cryptocurrency technology has remained under the radar as while the payments giant has expressed the potential cryptocurrency has in revolutionizing payments, no headway has been made on projects integrating the currency. Bitcoin prices have currently recovered from the sub $2000 prices which were seen last week to current levels of $2200 representing further bullish sentiment. While $3 million may seem a long way off, considering those in 2010 hadn’t imagined prices rising to current levels, the long-term future of bitcoin remains positive.

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Written By

Hi I'm Aleppo Allesadero a experienced bitcoin user and educator. Having worked for over a year in the bitcoin journalism ive seen bitcoin grow from strength to strength asserting its power against fiat currency. Hopefully you too can learn about this exciting new prospect which may help transform the way we see finance and economy on a daily basis.