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Home / Business / Bitcoin can hit $ 1 million in less than a decade, says PayPal Director – Plus Ripple and XRP, Ethereum, Litecoin, EOS, Tron

Bitcoin can hit $ 1 million in less than a decade, says PayPal Director – Plus Ripple and XRP, Ethereum, Litecoin, EOS, Tron



From Bitcoin's courses in the years to come between EOS, Tron and Ethereum, here's a look at some of the stories that break in the crypto world.

Bitcoin

The latest member of PayPal's board says Bitcoin (BTC) can exceed $ 1 million in seven to ten years.

In a recent comment, Wences Casares, also the top crypto-vendor solution manager Xapo, explains that Bitcoin's odds of succeeding and remaining the leading cryptocurrency are over 50%. He says these odds make it "irresponsible to have an exposure to Bitcoin that can't afford to lose", but it's also "almost as irresponsible not to have any exposure at all."

"Bitcoin is a fascinating experiment, but it's still just that: an experiment. As such, it still has a chance to fail and become worthless.

In my (subjective) opinion, the chances of Bitcoin fails at least 20%, but after 1

0 years of working well without interruption, with over 60 million holders, adding more than 1 million new owners a month and moving over $ 1 billion a day worldwide, it has a good chance To succeed.

In my (subjective) opinion, the chances of success are at least 50%. If Bitcoin succeeds, 1 Bitcoin can be worth more than $ 1 million for 7 to 10 years. it is worth today (at the time of writing, the price of Bitcoin ~ $ 4,000). "

He cites Bitcoin's" previously unbeaten economic freedom "as an important force. But the critical obstacle to the world's most popular cryptocurrency is not technical it is a problem of perception.

"Bitcoin has no intrinsic value. Bitcoin is simply money and most forms of good money have no intrinsic value. Gold, US dollars and national currencies have no intrinsic value either, but because they have had a long-term monetary value perceive most to be genuine valuable, which is a great advantage. The main problem Bitcoin has to clear to be successful is to develop a similar widespread social perception of value and achieve what is quite ambitious. "

EOS, Tron, Ethereum

EOS is the largest decentralized app (DApp) volume blocking platform, according to new Dapp Review numbers. Over the past 24 hours, EOS has spent $ 15.1 million through EOS-based DApps.

In the same period, the Tron Network [10459010] recorded $ 10.2 million in TRX volume, while Ethereum saw ] $ 5.4 million in ETH volume.

] Ripple and XRP

Ripple highlights a new report by The Economist showing that the average price of transfers remains very high.

"Another corner o F this industry remains trapped in a dusty time spreading: transfers or pursuit of foreign workers who send money to relatives from home. There are still sky-high costs, at around 7%. That matters. [19659005] The sums involved are huge ~ 550 billion of transfers will go to developing countries this year, more than all the capital they receive as investment from multinational corporations, says the World Bank.There are 266m immigrants, who often send money home. those are poor and there are almost all their relatives. "

Meanwhile, Luxembourg Private Equity and Venture The Capital Association (LPEA) has analyzed the digital resource XRP (which it calls Ripple) and has decided that it is not security since it is "intended to be used now or in the future as a means of payment for the purchase of goods or services or as Means of money or value transfer. "

Litecoin

Litecoin creator Charlie Lee joins the latest episode of Magical Crypto Friends, a monthly crypto-chat show.

This issue looks at blockchain versus timechain, Squares new support

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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any loss you may incur is your responsibility. Daily Hodl does not recommend buying or selling cryptographic or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl is participating in affiliate marketing.


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