Despite recent troubles, including an unfavorable IRS ruling, a Chinese ban and the various legal woes of a variety of processors—some investors remain incredibly bullish on bitcoin.
One such bull is Wences Casares, the CEO of Xapo, a bitcoin startup. While his enthusiasm is unsurprising, his level of enthusiasm seems a bit extreme, even for bitcoin.
In a recent video interview with The Wall Street Journal Casares said that though there will be a lot of volatility in the price of bitcoin during the next few years, he believes the value of a single bitcoin will range from half a million to a full million dollars by the end of the decade.
That day is not today, the as the price of bitcoin was trading at $440 just before 7 AM on April 3, 2014, according to the PYMNTS Bitcoin Index.
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