The vice president of blockchain and digital currencies for IBM, Jesse Lund, says that he expects Bitcoin’s (BTC) price to eventually hit $1 million.
In an interview, Lund was questioned about the status of bitcoin. He replied, it is going to be higher than the current price, clarifying, “I’ll go with $5,000.” He then continued his prediction, adding:
“I see Bitcoin at a million dollars someday.”
“I see maybe $5,000 at the end of the year, but I see a way higher upward trajectory.”
Lund also spoke about IBM’s collaboration with Stellar (XLM) and the use of the network’s native asset in IBM’s cross-border payment network, Blockchain World Wire (BWW).
Lund also revealed collaborations with various other digital assets, explaining that they believe “there should be an ecosystem of, a variety of digital assets that provide settlement instruments that enable these cross-border payments, and the participants in the network should be able to choose and negotiate their choices in real-time.” Lund went on to state:
“it could be Ripple, it could be XRP even, it could be Bitcoin, but it would also probably include other instruments, like stable-coins, and even eventually soon — hopefully — central bank-issued digital currencies.”.
Lund differentiated IBM’s payment network from Ripple’s Ripple Net. About a week ago, major Canadian crypto exchange Coin square got interested in the blockchain by acquiring Stellar X, a Stellar-based decentralized exchange.
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