Tim Draper, the founder of Draper University had earlier predicted $250,000 Bitcoin (BTC) price by 2022, which most investors and observers in crypto space tagged as outrageous. Also, John McAfee, the British-American computer programmer and founder of Software Company known as McAfee Associates had once predicted $1000000 Bitcoin (BTC) price by the end of 2020, a prediction that seems impossible with the current fluctuation in the cryptocurrency market.
Jesse Lund, head of IBM Blockchain, and Wences Casares, a director at Paypal who doubles as Xapo CEO, have opened the topic once again in the crypto space.
While the topic has been trending since with mixed feelings among cryptocurrency enthusiasts, Lund in his recent interview argued that Bitcoin (BTC) would surge up to a million in price at no distant time.
In his word, as revealed in a detailed essay published on Kana and Katana in March, Wences opined that Bitcoin may rise above a million dollar in the next 7 to 10 years.
The remittance Caesar, who said the possibility of Bitcoin gaining prominence is 50%, added that if the crypto asset succeeds, one Bitcoin may be above $1 million, a price that is 250 times its present’s.