Re: [2017-05-24]Bitcoin Will Hit $1 Million in 5-10 Years, Says PayPal Director

If you want people to take you serious, then at least put some effort into making yourself not look like a clown. It's pointless to speculate about such insanely high prices while we haven't even been close to reaching the $10,000 level yet. If he would say that we would reach $10,000 within 10 years, I would strongly support his statement, but how can I do that with $1 million? Other than that, I do agree with his statement that people should allocate a certain percentage of their wealth to Bitcoin. People have been looking at the price reaching $1300, $1400, $1500, $1600, etc, and started thinking it was too late to invest - look where we stand right now, it's never too late!

I agree with you, $1 Million seems unrealistc, but $10k 5-10 years is quite possible.

But if we let us to indulge in fantasies for a while we can try to imagine what will happen if bitcoin will replace all the money in the world. There are roughly $75 trillion in the world right now. Since it is a very rough estimation say we have 20 million BTC.

75 trillion / 20 million = 3.75 million

So in that case 1 bitcoin will be worth of $3.75 million.

We'll be hitting $5-$10K a LOT sooner than that. Just you wait. Things are only just starting to warm up. HODL on tight, people.

$5K in next 6 weeks... willing to wager 1BTC that I am right.. anyone want to bet against me?

No, I don't want to bet against you because you are probably right. We are over $2,700 already and the rising continues. Maybe we'll see $5k even earlier than in 6 weeks. Some people say it's a bubble which is going to burst soon, but I don't think they are right.

Now the growth stopped and the fall began. Now not many will say that in the near future the price of bitcoin will rise high. It seems to me that panic began among the newcomers and skeptics.