As 2019 moves forward and Bitcoin inches higher, new predictions are being made every day about its price by various industry leaders and participants. These predictions are being made by both Bitcoin’s critics as well as supporters. After JPMorgan’s $2,400 fair value declared recently two other leaders from the crypto space are giving new price targets for the de-facto cryptocurrency. And their targets are as high as a million dollars!That’s right. Recently speaking in an interview to CryptoFinder IBM’s VP of Blockchain and digital currencies Jesse Lund said that he sees Bitcoin at a million dollars someday. Though he didn’t give any deadline for the same, he said that it’s coming sooner or later and things are going to change completely for the global financial system when it happens. He said:“I see Bitcoin at a million dollar someday. I have actually blogged about this a little bit. I like that number, because if Bitcoin is at $1 million, then a Satoshi will be equal to one U.S. penny, which would mean that there is over $20 trillion of liquidity in this network and this $20 trillion of liquidity would massively change the global financial services landscape.”Explaining further, Jesse said that he sees Bitcoin above $5,000 by the end of the year but above a million dollar mark in the long run. Notably, he is the second in a long list of crypto advocates to make this bullish prediction regarding the price of Bitcoin. Who is the first, you may be wondering! Well, none other than the guy who is running for President’s Office in United States: John McAfee.Yep. It was John McAfee who had first made this bold prediction about the price of Bitcoin. However, today after reading Jesse’s comments he went a step further. He declared on Twitter a “hard date” by which BTC’s price will have touched the million-dollar mark. He is claiming that Bitcoin’s price will be around 1 million by the end of 2020. Have a look on his tweet:People are waking up to the fact that Bitcoin will be $1,000 000. But when? “Someday”. “Maybe 5 years”. “WIthin a decade”. I’m the only one giving you a hard date: Dec 31st, 2020.https://t.co/rst3BcypFz“will-be-1-million-someday-says-jesse-lund-vp-of-blokchain-at-ibm.html— John McAfee (@officialmcafee) February 22, 2019https://platform.twitter.com/widgets.jsOther notable targets given for Bitcoin’s price include $250,000 price target given by Tim Draper for 2022, and $320,000 target given by Winklevoss twins for the next 10 to 20 yrs. You can see how large is the gap in all these targets: some see Bitcoin reaching a few hundred thousand dollars in next 5-20 yrs, while a few others see it reaching the moon (millions of dollars) by the end of next year itself. Let’s see how things play out in reality!
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