BTC to be Main Coin Forever, PayPal Co-Founder Thinks

Peter Thiel, co-founder of PayPal, had a long speech at Economic Club Of New York 
16 March 2018   1094

Venture capitalist and co-founder of PayPal Peter Thiel explained why he makes a "long" bet on bitcoin, during his speech at the meeting of the Economic Club in New York this Thursday. This is reported by CNBC.

In his opinion, bitcoin has all chances to become an asset that investors can use to protect their capital, that is, the new gold of the era of digital technologies

I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you'd bet on would be the biggest.

Peter Thiel

Co-founder, PayPal

At the same time, Thiel noted that for everyday calculations, bitcoin is not yet suitable. First of all, the crypto currency should be considered as a hedging instrument, which does not carry the systemic risks of traditional financial instruments.

I'm not talking about a new payments system. It's like bars of gold in a vault that never move, and it's a sort of hedge of sorts against the whole world going falling apart.

Peter Thiel

Co-founder, PayPal

He also noted that most of the qualities for which investors value gold are inherent in bitcoin. Moreover, most of the arguments against bitcoin will be fair for gold, he said.

BTC to Reach $1M, IBM Executive Believes

Jesse Lund said Bitcoin will reach $5000 by the end of the year, but he believes it will reach $1 000 000 in the future
22 February 2019   109

On the eve of 2020, the price of Bitcoin will be at the level of $ 5000, but in the future it will rise to $ 1 million. This assumption was made by Vice President of IBM for the blockchain and digital currencies Jesse Lund.

I see Bitcoin at a million dollars someday. If Bitcoin is at a million dollars, then satoshi is on value parity with the U.S. penny. I see maybe $5,000 at the end of the year, but I see a way higher upward trajectory.

Jesse Lund

Vice President for the blockchain and digital currencies, IBM

In late August, IBM launched the Blockchain World Wire platform based on the Stellar protocol for instant cross-border payments.

In February, IBM launched the Internet of Things and the blockchain to combat drought.