Bitcoin price will be around $300,000 by 2030- Snapchat’s First investor
Jeremy Liew, the first investor in Snapchat said in an interview with Business Insider, that bitcoin prices will reach around $500,000 (around INR 3,20,00,000)
It was mentioned in a presentation sent to Business Insider by Jeremy Liew along with Blockchain CEO & co-founder Peter Smith.
Well, it has been said that bitcoin prices will reach upto $10,000 from currect levels of $1212 ( as on 10 april 2017) in 2019 by Bill gates, but $500,000 level is too extreme.
According to Jeremy Liew and Peter Smith, the following are some of the reasons as to why bitcoin is gaining huge popularity:
- Increase in Bitcoin-based remmitance
- Increase in mobile & Smartphones users
- Uncertainty n developing nations would help elevate the level of interest in bitcoin.
Bitcoin and other cryptocurrencies are gaining huge popularity worldwide. Because of being digital and decentralized, people are shifting from fiat to bitcoin and other cryptocurrencies to a some extent. At present, Bitcoin is the most popular crypto currency that is being accepted in substitute to fiat currency.
This favoritism has caused bitcoin prices to surge and is creating new highs. Since its introduction in 2009, with the exception of one year, Bitcoin has consistently been the world’s best-performing currency and asset.
This trend of rising prices of Bitcoin has also caught the eyes of investors and traders. People are investing their money and making profits by holding it for some time and selling at higher prices.
Why Bitcoin is gaining popularity?
You all may know why bitcoin is gaining popularity. Well, because it is growing you money!!! Yes, you are right but this is the supplementary reason to the main, primary fundamental reason. Bitcoin is gaining huge popularity and is price is moving upwards steadily because of the following characterstics, that Bitcoin posses:
- It’s decentralized
The bitcoin network isn’t controlled by any government or centeral authority of any country, It a peer-to-peer system where in the users own their money and nobody own the BitCoin network.
- It’s anonymous
Users can create multiple bitcoin addresses, and they are not require to link it to their names, addresses, or other personally identifying information.
3 . It’s transparent
Bitcoin network stores details of every single transaction that ever happened in the network in a huge version of a general public ledger, called the Blockchain.
When you send bitcoins to someone they’re gone forever, unless the recipient returns them to you..
- It’s easy to set up
No long forms to be filled, no KYC to be uploaded as it is required by most of the banks in opening up an account. You can set up a bitcoin address in seconds, no questions asked, and with no fees payable.
- It’s fast
You can send money anytime,anywhere and it will arrive minutes later, as soon as the bitcoin network processes the transactions.
The author at KryptoMoney.com witnessed an increasing trend in prices of Bitcoins . In June 2016, it was around INR 35,000. In November 2016 it was around INR 55,000. In December 2016, it was around INR 65000. In March 2017, it made it’s all time high and reached a level of INR 98000, and as on 10 April 2017, bitcoin prices is around INR 80,000.
Clearly it is shpwing an upward trend and we hope Bitcoin surges in future as well.
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