Bitcoin Price Will Reach $1 Million, Says IBM’s Industry Expert

By Mary T. | February 25, 2019
Bitcoin Price Will Reach $1 Million, Says IBM’s Industry Expert

On Feb 20, the Vice President of blockchain and digital currencies for IBM, Jesse Lund shared his view and prediction for Bitcoin (BTC) that one day the price will reach $1 million.

At the end of the interview, when being asked what is his expectation of Bitcoin price on this new year’s eve. Lund answered that he thinks the price is going up, it may reach $5000 USD. Continuing on his prediction, he said: “I see Bitcoin at a million dollars someday”.

Furthering his explain “if Bitcoin is at a million dollars, then satoshi is on value parity with the U.S. penny.” That means the whole network would have over $20 trillion of liquidity. He recommended that liquidity could change corporate payments and high-value payments in general.

During the interview, Lund also talked about IBM collaborate with Stellar (XLM) and the use of the network’s native asset in IBM’s cross-border payment network, Blockchain World Wire (BWW). Besides, he discussed IBM potential partnership with various other digital currency assets. “it could be Ripple, it could be XRP even, it could be Bitcoin, but it would also probably include other instruments, like stablecoins, and even eventually soon — hopefully — central bank-issued digital currencies.”

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