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PayPal Board Member: Bitcoin (BTC) May May Surge By 250x if it Succeeds



Although Bitcoin (BTC) and other cryptocurrencies could pose significant competition to PayPal, a member of the board of directors recently set out a case for where he sees the cryptocurrency heading next, notably saying that he believes there is and a good chance Bitcoin succeeds and garners widespread adoption within the next decade

Wences Casares, CEO of Xapo – one of the largest cryptocurrency custodian solutions – and a PayPal board member, laid out this overwhelmingly bullish case for Bitcoin in a recent blog

Casares: Bitcoin (BTC) Has At Least 50% Chance of Success

Casares, who has been outspoken about his support for Bitcoin and the crypto markets in the past, shared his thoughts on where he sees the emerging technology heading next in a recent post on Kana and Katana blog, setting out a strong case for why most portfolios should

In this post, it points to a growing adoption, a constant influx of new investors, and a significant increase in transaction volume since its inception as just a few reasons why the digital asset

"After 1

0 years of working well without interruption, with more than 60 million subscribers, adding more than 1 million new subscribers per month and moving more than $ 1 billion a day worldwide, it has a good chance of succeeding. In my (subjective) opinion, those chances of success are at least 50%, "he explained.

Despite this, Casares also explained that, despite the strong fundamentals surrounding Bitcoin, %

"Bitcoin is a fascinating experiment but it is still just that: an experiment. As such, it still has a chance of failing and becoming worthless. In our (subjective) opinion, the odds of Bitcoin failing are at least 20%, "he said.

If Bitcoin Succeeds, Its Value May Surge to As High as $ 1 Million

Casares also notes that if cryptocurrency does succeed and reaches its full potential, its value may surge, bringing the price of each BTC to over $ 1 million within the next decade

"In my (subjective) opinion, those chances of success are at least 50%. If Bitcoin does succeed, 1 Bitcoin may be worth more than $ 1 million in 7 to 10 years, "he noted.

Considering this analysis and the massive potential of Bitcoin has a widespread adoption and surging in value, embattled investors may take some

 Featured image from Shutterstock 
 Featured image from Shutterstock 







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