IBM vice president of blockchain expects bitcoin rate to rise to $ 1 million, IBM vice president of blockchain and digital currencies Jesse Lund expects bitcoin rate to rise to $ 1 million over time, he said during an interview at the Think Conference on February 20.

IBM vice president for blockchain expects bitcoin rate to rise to $ 1 million

Jessie Lund, Vice President of Blockchain and Digital Currencies at IBM, expects bitcoin to rise to $ 1 million over time. He made the statement during an interview at the Think Conference on February 20..

In response to a question about where the price of bitcoin would end up on New Year's Eve, Land assumed it would be at higher levels than it is now. “I would bet $ 5,000,” he said. - I predict bitcoin at $ 1 million in the future ".

Land explained that he liked the number because "if bitcoin is worth a million dollars, then satoshi will have the same value as a US cent." According to Land's calculations, the liquid volume of the cryptocurrency network together with that will reach $ 20 trillion, which in turn will cause changes in the field of corporate payments.

“I predict maybe $ 5,000 at the end of the year, but I also expect further upward movement,” he added..

Among other things, Land touched on the topic of IBM's cooperation with the startup Stellar and the use of its own currency XLM in the cross-border payment network Blockchain World Wire. IBM previously announced that it will use XLM as an interim currency for payments. According to Land, IBM could start working with other cryptocurrencies as it seeks to create “an ecosystem in which digital assets provide payment instruments to implement cross-border transfers, and users have the opportunity to choose and discuss their preferences in real time ".

“It could be Ripple, even XRP, it could be Bitcoin, but there will probably be other instruments like stablecoins and even, hopefully, this will happen pretty soon, issued by central banks digital currencies", - he said.

IBM announced the Blockchain World Wire payment system in September last year.

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