Replies to post #32269 on MGT Capital Investments Inc. (MGTI)

[RjayP]

Cool article thanks

[hobowilly]

So who exactly is Jesse Lund? Vice president of Blockchain and Digital Currencies at IBM. Well that's impressive, no doubt. The key word is "prediction" which means it's a personal opinion. Back in '17 there were off the wall "predictions" of $20k to $1 milion by the so called Crypto Currency Gurus, and we all know what happened. These "predictions" (opinions) are worth about one satoshi.

The only thing they accomplish is to stimulate interest in the community that will mortgage their homes (how many households went "all in" at $15k and are now down 200%) in an attempt to strike it rich.

An IBM executive is unfazed by the current market realities, saying he sees Bitcoin (BTC) reaching a value of $1 million as a future possibility.

Jesse Lund, vice president of Blockchain and Digital Currencies at IBM, shared his predictions at the IBM Think 2019 Conference, which took place February 12–15, 2019.

$5,000 in 2019, $1 Million Someday
As the discussion drew to a close, the IBM executive was asked about what he believes the price of bitcoin will be by the end of this calendar year. He opined that bitcoin could cross the $5,000 mark by the end of the year, adding that he sees bitcoin “at a million dollars someday.”

Explaining the reasons for his million-dollar forecast, Lund said, “If bitcoin is at a million dollars, then [one] satoshi is on value parity with the U.S. penny.” He is of the belief that such a valuation will give the network for the world’s most valuable digital asset a liquidity value that will exceed $20 trillion.

Lund went on to say that with so much liquidity, there is potential for a significant change to the way corporate payments are being made all over the world.

Concluding, he said, “I see maybe $5,000 at the end of the year, but I see a way higher upward trajectory.”

$5k by the end of the year? Bitcoin $5+k as of March 2019. Ho-Hum

[trader3957]

Great article! Thanks for sharing