According to Jeremy Liew, the first investor in Snapchat, and Blockchain CEO and cofounder Peter Smith. In a presentation sent to Business Insider, the duo laid out their case for why it's reasonable for bitcoin to explode to $500,000 by 2030.
When Bitcoin was $250, there were stories about "it will reach $10k".
Now Bitcoin is $1200 and the new stories tell about $500k.
There's no doubt that Bitcoin deserves a high valuation.
There's no doubt the price has a great chance to be higher after some years.
But I somehow have a feeling that some people feed us with dreams and hopes to keep their businesses running.2030 is pretty far away. Especially in technology, which is known to advance exponentially. There's a chance for $10k, there's a chance for $500k, but there's also a chance for $100 or $1.