Quote from: ice098 on April 11, 2017, 07:00:13 AM

Quote from: DoctorG on April 11, 2017, 06:30:23 AM

Hey dudes,
I would be interested in your views and comments regarding this nugget of news.
You can google for full story of course!

First Snapchat investor says Bitcoin will be worth $500,000 dollars by 2030
Their argument is based on a growing usage for transferring money across borders and countries.

I personally think this is a little far fetched, although I never had the money or knowledge to invest in snapchat.
Perhaps I am not best qualified then to comment.

I know you guys are more knowledgeable than me, so let me know your views!

If this really is the case, even if BTC is worth 1/10th of that, its worth holding that fraction of Bitcoin for the future.

Will this cause more people to hold coins?

Any Whales out there thinking that they will finally be able to buy themselves a little Island all to themselves Cheesy

?

G

i dont think so, but it is possible if and only if people will be interested and they will invested on it, and also if they will use bitcoin as their money to buy goods. bitcoin needs to be circulate in order for it to live more years and continues to grow its value.

As I have always said the most Bitcoin can live will be 10 years from now if the same continues. We have got some serious issues with fees and slower transactions which need to be fixed. If Bitcoin stay longer than that then may be $50000 per Bitcoin may be a possiblity.