Hello friend Today i will discuss about the future value of Bitcoin is the underlying network of highly secure computers that supportit. These computers run a new form of database called the "blockchain."
Blockchain technology enables you to move money and data without having to rely on a trusted
middleman. It's truly revolutionary.More than $4 billion a day is transacted across the Bitcoin network... without the need for acentral clearing authority. That has never happened before, and it makes Bitcoin a unique asset.
As you read this, software developers across the world are building applications designed to piggyback off this network.
Over the next three years, we'll begin to see a slew of new applications emerge for Bitcoin andthe network that supports it. They will support everything from tracking assets to recordingland registriesand much more that we can't even think of yet.
And much more that we can't even think of yet.That's why Bitcoin will continue to grow in value.Since those obituaries started popping up in 2011, Bitcoin has rocketed from a low of 75 centsto as high as $20,000-plus—an astronomical 2,666,566% gain.The next time you find yourself being scared out of owning Bitcoin by a negative article, do
yourself a favor... Read the last 300 times Bitcoin was declared dead.
Wences Casares is an Argentinian technology entrepreneur living in the US. He is the founder and CEO of Xapo, a Bitcoin wallet startup, and a board member at PayPal, among various other roles. Casares says he first found interest in Bitcoin because of high financial volatility in Argentina’s native currency, the Peso. The tech giant bought his first Bitcoins in 2011.
Casares believes that Bitcoin will hit $1 million sometime before 2027, speaking at the Consensus 2017 conference in New York. Even better, he believes that Bitcoin could hit one million dollars in as few as 5 years, saying on May 23, 2017, that the milestone will be reached “in 5-10 years”.
The founder of Social Capital and co-owner of the Golden State Warriors, started investing in Bitcoin in 2012. In 2013, he mentioned that he owns Bitcoin in his hedge fund, general fund, private account, and at one point he owned 5% of all Bitcoin in circulation.
Palihapitiya has predicted Bitcoin price will reach $100,000 in the next 3-4 years and in the next 20 years, it will be worth $1 million. He explained his prediction as based on the evaluation of Bitcoin as a store of value just like gold. Bitcoin output is in per block years