3 Reasons Why Bitcoin will reach $500,000 by 2030
In a recent article on BusinessInsider.com Jeremy Lieu the first investor in Snapchat predicts Bitcoin will reach $500,000 by 2030.
Here are three reasons why:
3. International Electronic Money Transfers
Data from the World bank shows Remittance transfers, or electronic money transfers to foreign countries, have almost doubled over the past 15 years and while we can't always depend on the past to determine future behavior we certainly have no evidence suggesting the market will behave otherwise.
2. Global Uncertainty
Jeremy believes geo political uncertainty will increase the value of Bitcoin.
"We believe Bitcoin awareness, high liquidity, ease of transport and continued market outperformance as geopolitical risks mount, will make Bitcoin a strong contender for investment at a consumer and investor level," he's says.
1. Mobile Penetration
The article explains there's only a 63% global smartphone penetration and that the total number of smartphone users is expected to soar by 1 billion by 2020. Bitcoin's user network grew from 120,000 users in 2013 to 6.5 million users in 2017. More users could account to more transactions. By 2030 Bitcoin supply will be about 20 million, only increasing the demand. Mr. Lieu believes this is all reasonoble and Bitcoin will reach $500,000 by 2030.
Let's hope he's correct.
Link to article
Manias, Panics and Crashes - Please read this book. Its describing economic events with incrases and crashes. BTC will be the same. The crash phase is close. Read academic people articles. not only youtubers. You will understand why btc cant be 1M. They are describing with facts and numbers. BTC is a digital money. not something like block chain or ioata. the only purpose of this is using as money. You cant use a money with this volatility. You cant send money from somewhere to another if its changing this much within seconds. Its opposite to all purpose of creation. Now people are in panic phase and increasing the price with "foma". This will pass and btc will crash eventually..
Bitcoin going to $50,000?? Turn your dollars into Bitcoin and get $10 of Bitcoin for free! Here’s a guide I wrote and how to avoid fees:
Thank you all for your positive feedback and support! I hope you find it helpful.
These $500k and $1m predictions are hype created by those who will benefit the most because of the bitcoin they already hold. I don't mind if it does reach that but I would be looking for the $25k figure proposed by one economist as a reasonable value if bitcoin achieves global acceptance. As an aside, bitcoin is already struggling under the current user TX volume, so its ascendancy is not assured even amongst crypto's.
gamefink it's capped at 21m. Fees are only because the current bitcoin software wasn't ready for such a large amount of new users. Once the developers come up with a solution to the Bitcoin scaling problem the fees will become minimal
Great video. Thank you! I have 20 bitcoins and intend to keep them until it is worth at least $500,000.
There is an ICO which can really change the financial world right now: https://vivaco.in/
At first I was skeptical but once I read the white paper and read some very interesting articles from the promoters I am convinced that it is the best opportunity right now and that it has the potential to change many lives for the better.
Disclosure: I am NOT rewarded in any way for this testimony.
We will accept entries between now and June 15th. Posters will ship in July.
YESTERDAY WAS EVERYTHING OUT JUNE 30th.
Filmed primarily during the tour celebrating the 10th anniversary of our debut album, this feature length documentary, directed by our friend Matthew Mixon, follows the band as we reunite with our original vocalist Jesse for the first time since our split a decade prior. The film explores the fatal tragedy that brought the band together and follows our journey across North America as we face old ghosts and attempt to reconcile the past.
Signal Spam is a public-private partnership that allows users to report anything that they consider to be spam in their e-mail client or webmail in order to assign it to the public authority or the professional that will take the required action to combat the reported spam.
The Spam Signal reflex.
A spam report allows to collect all the technical information required for the identification of a spammer, wether the report relates to a marketing abuse or cyber-criminal spam. Signal Spam is responsible for the qualification of your report and distributing useful information to the fight against spam.
Download the plugin that corresponds to your messaging environment and install it.
Report spam from your e-mail and track developments in your personal space.
Thanks to your reports, Signal Spam collects information essential to the identification of spammers , and share them with the authorized actors able to take action adapted to each specific report.
Consult the code of ethics.
The reports provide the digital evidence investigators and public authorities need engage legal procedures, controls and sanctions against companies which send abusive marketing e-mails, and legal actions against cyber criminals.
Easy-To-Use Tools For Hard Trading Decisions.
Find what to trade, when to trade, and how to trade with signals and tools for over 350,000 stocks, ETFs, futures, forex and mutual funds.
Managing your own portfolio is easier than you think.
Create Your MarketClub Account Now.