An IBM executive is unfazed by the current market realities, saying he sees Bitcoin (BTC) reaching a value of $1 million as a present possibility.
Jesse Lund, vice president of Blockchain and Digital Currencies at IBM, shared his predictions at the IBM Think 2019 Conference, which took place February 12–15, 2019.
$5,000 in 2019, $1 Million Someday
As the discussion drew to a close, the IBM executive was asked about what he believes the price of bitcoin will be by the end of this calendar year. He opined that bitcoin could cross the $5,000 mark by the end of the year, adding that he sees bitcoin “at a million dollars someday.”
Explaining the reasons for his million-dollar forecast, Lund said, “If bitcoin is at a million dollars, then [one] satoshi is on value parity with the U.S. penny.” He is of the belief that such a…