The Vice President of IBM’s Blockchain and Digital Currencies, Jesse Lund, during an interview with Finder.com, said that bitcoin (BTC) may someday hit $1 million.
According to Lund’s forecast, by the end of 2019, bitcoin will read $5,000.
"I see maybe $5,000 at the end of the year, but I see a way higher upward trajectory. I see Bitcoin at a million dollars someday," Lund said.
The VP of IBM’s Blockchain department also added that with such a sky-high price, the Bitcoin network would have approximately over $20 trillion of liquidity.
In 2017, venture capital investor Tim Draper predicted that cryptocurrencies will overtake fiat currency in five years. He also forecasted that bitcoin will hit $250,000 by 2022.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.