$1 Million: IBM Crypto Chief Sets Massive Bitcoin Price Target

BITCOIN PRICE HAS MILLION-DOLLAR POTENTIAL
Lund revealed his long-term Bitcoin price target at the recent Think Conference, in an interview with Fred Schebesta.
The IBM executive pointed out that the higher the price of a crypto asset, the more utility it has. Therefore, he thinks people should focus less on the moving prices of crypto assets and more on their utility.
He adds that speculators are hurting the value of cryptocurrencies

“because they’re thinking about it wrong.”

Later in the interview, Lund made an astonishing remark as to the future of cryptocurrencies. By New Year’s Eve, he predicts the price of Bitcoin will be $5,000. However, his long-term outlook is much different.

Lund’s view is that when the Bitcoin price gets high enough, serious banks take more interest. When this happens, the utility of the token increases at its core value proposition – less-expensive transfers of value. Both IBM and R3 Corda are working hard on creating solutions for cross-border payment solutions using multiple digital assets.
It’s not every day that someone from the old world of technology predicts such a high price for Bitcoin. The $5,000 figure may even be debatable from here, as speculators make anything possible.
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LUND: STELLAR IS A ‘VIABLE SETTLEMENT INSTRUMENT’
IBM recently launched its World Wire product, which in part relies on major cryptocurrency
Stellar. Lund explained that Stellar is useful for cross-border payments, despite its smaller market cap.
Lund believes that a variety of assets should be available when making cross-border settlements. Most blockchain protocols outside of smart contract platforms don’t allow for the transfer of multiple assets. In essence, IBM’s World Wire is an alternative to R3’s Corda settlement layer,
which in part uses Ripple.

source: https://telegra.ph/1-Million-IBM-Crypto-Chief-Sets-Massive-Bitcoin-Price-Target-02-22-2

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