Alternative Finances

Are Million Dollar Bitcoins In Our Near-Future?

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.

What's Hot" is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

Click to comment

TRENDING RIGHT NOW