There are many people speculating the rise of Bitcoin. One of them is, Jesse Lund, The vice president of blockchain and digital currencies for IBM, said that he expects Bitcoin’s (BTC) price to eventually hit $1 million. Published on YouTube on Feb. 20, Lund made his prediction during an interview with comparison and news platform Finder.com.
Jesse Lund was asked what he expects the price of Bitcoin to be on this new year’s eve, Towards the end of the interview. He said, he thinks the price will rise and cross the current mark, clarifying, “I’ll go with $5,000.” He then continued his prediction, adding:
“I see Bitcoin at a million dollars someday.”
Jesse Lund further explained that he “likes that number,” given that “if Bitcoin is at a million dollars, then satoshi is on value parity with the U.S. penny.” He then suggested that such liquidity could change corporate payments and high value payments in general, concluding:
“I see maybe $5,000 at the end of the year, but I see a way higher upward trajectory.”
During the interview, Lund also talked about the collaboration they are having with Stellar (XLM) and the use of the network’s native asset in IBM’s cross-border payment network, Blockchain World Wire (BWW). IBM uses XLM in BWW both as to pay transaction fees and an intermediate currency, As previously reported.
Lund also revealed that the firm is considering working with various other digital assets, explaining that they believe “there should be an ecosystem of, a variety of digital assets that provide settlement instruments that enable these cross-border payments, and the participants in the network should be able to choose and negotiate their choices in real-time.” He further stressed:
“It could be Ripple, it could be XRP even, it could be Bitcoin, but it would also probably include other instruments, like stabecoins, and even eventually soon – hopefully – central bank-issued digital currencies.”
As Cointelegraph recently reported, by market value Oman’s second largest bank, became Ripple Net’s most recent member, joining to enable cross-border payments to India.
After closing a partnership with Stellar in October 2017, IBM brought its BWW payment network out of beta back in September 2018.
Wish you all the best,