{"id":20502,"date":"2019-02-23T03:42:26","date_gmt":"2019-02-23T03:42:26","guid":{"rendered":"http:\/\/ci027cfe6720002697"},"modified":"2025-01-28T16:02:01","modified_gmt":"2025-01-28T16:02:01","slug":"ibm-exec-forecasts-a-million-dollar-bitcoin-when-a-sat-will-equal-a-cent","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/culture\/ibm-exec-forecasts-a-million-dollar-bitcoin-when-a-sat-will-equal-a-cent","title":{"rendered":"IBM Exec Forecasts a Million-Dollar Bitcoin \u2014 When a Sat Will Equal a Cent"},"content":{"rendered":"
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An IBM executive is unfazed by the current market realities, saying he sees Bitcoin (BTC) reaching a value of $1 million as a future possibility.<\/p>\n

Jesse Lund, vice president of Blockchain and Digital Currencies at IBM, shared his predictions<\/a> at the IBM Think 2019 Conference<\/a>, which took place February 12\u201315, 2019.<\/p>\n

$5,000 in 2019, $1 Million Someday<\/strong><\/h3>\n

As the discussion drew to a close, the IBM executive was asked about what he believes the price of bitcoin will be by the end of this calendar year. He opined that bitcoin could cross the $5,000 mark by the end of the year, adding that he sees bitcoin \u201cat a million dollars someday.\u201d<\/p>\n

Explaining the reasons for his million-dollar forecast, Lund said, \u201cIf bitcoin is at a million dollars, then [one] satoshi is on value parity with the U.S. penny.\u201d He is of the belief that such a valuation will give the network for the world\u2019s most valuable digital asset a liquidity value that will exceed $20 trillion.<\/p>\n

Lund went on to say that with so much liquidity, there is potential for a significant change to the way corporate payments are being made all over the world.<\/p>\n

Concluding, he said, \u201cI see maybe $5,000 at the end of the year, but I see a way higher upward trajectory.\u201d<\/p>\n

IBM, Stellar and Future Partnerships<\/strong><\/h3>\n

During the interview, Lund also touched on some of IBM\u2019s most recent blockchain endeavors, particularly the company\u2019s partnership with Stellar (XLM) and how it expects to integrate the Stellar network into Blockchain World Wire<\/a> (BWW), its international payment channel.<\/p>\n

He explained:<\/p>\n

\u201cThere\u2019s no technical reason or technical barriers that should prevent money from flowing the same way [as information]. [\u2026] The architecture of World Wire is really a cross-border payment network, the magic of which \u2014 if you will, the novelty of it \u2014 is the ability to send payment instructions saying, \u2018Hey, I\u2019m sending you something \u2014 get ready.\u2019 And on the other end, the receiver is making sure that who you\u2019re sending it to is not some nefarious actor or bad actor.\u201d<\/p>\n

IBM is using<\/a> the Stellar network with BWW as both an intermediate currency and a means through which transaction fees can be covered.<\/p>\n

Additionally, Lund revealed that IBM is working on forging alliances with other crypto assets. The IBM executive said the company believes in a network of digital assets that can provide settlement tools to effect cross-border payments. Also, the participants in the network should have the option to make real-time choices as they please.<\/p>\n

\u201cIt could be Ripple, and it could be Bitcoin, but it would also probably include other instruments, like stablecoins, and even eventually soon \u2014 hopefully \u2014 Central Bank\u2013issued digital currencies,\u201d Lund concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cIf bitcoin is at a million dollars, then [one] satoshi is on value parity with the U.S. penny,” said Jesse Lund, vice president of Blockchain and Digital Currencies at IBM<\/p>\n","protected":false},"author":3435,"featured_media":17675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[3438,2069],"class_list":{"0":"post-20502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture","8":"tag-ibm","9":"tag-price-analysis"},"author_data":{"id":3435,"name":"Jimmy Aki","nicename":"jimmy-aki","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/jimmy-aki-promo-image-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/ibm-exec-forecasts-a-million-dollar-bitcoin-when-a-sat-will-equal-a-cent.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3435"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=20502"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/17675"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=20502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=20502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=20502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}