Bitcoin to be worth $ 1 Million': CEO of Xapo says to CEO of Paypal !!!

Dan Schulman, PayPal's chief executive, talked to Wences Casares about bitcoin, blockchain and fintech in an interview on Facebook. Casares, a serial entrepreneur, has launched startups throughout South America and the United States, as well as being the CEO of Xapo.
Bitcoin and Blockchain changing the world

Bitcoin and blockchain have attracted people's attention because they see it as an "interesting experiment," Casares said. "If this works, it could change the world more than the Internet has changed," he added.

Casares warned, however, that given the nature of an experiment, bitcoin and blockchain "could also fail." It gives bitcoin and blockchain a 20% chance - at least - of failure. He gave important investment advice, recommending that people no longer have money in Crypto-Coins than they are willing to lose.

But after the warning, Casares said there is a 50 percent chance that the bitcoin and blockchain experiment will succeed. But industry participants should be patient, as it will take five to ten years before the success solidifies.

In a successful experiment, he pointed to a different world and "concrete economic consequences," saying that "a bitcoin will be worth $ 1 million. So most of the world will wish to have had a chance to have bought at $ 14,000 or $ 20,000, "despite the risk and to put the price of today's bitcoin into falling prospect.
Ignorance over bitcoin and blockchain

Although it may be fashionable, a lot of people speak bitcoin badly and praise the blockchain, for Cesares this just shows "ignorance about how the system works" by comparing the web and the internet. "Blockchain does not exist without bitcoin," he said.

"If you were to remove the bitcoin, the miners would disappear and so would the blockchain," said Casares.

As for the future of the altcoins, he reminded PayPal's Schulman that it is an experience whose outcome nobody knows. Casares also provides for a single blockchain, with the exception of certain cases that deserve a different blockchain, just as there is only one internet. He predicts that the most likely blockchain will be bitcoin, which has not suffered any hacking, but he admits that his prediction is highly speculative.
Cryptheads and Blockchain

As for the uses of blockchain cases besides crypto-coins, Casares suggests that sky is the limit, or people's creativity is the limit. It envisions a world where bitcoin is a global standard and not political value and settlement, so that future generations reflect traditional exchange rates as nostalgic. He sees a world where bitcoin will win even without support from Wall Street or Silicon Valley.

As for the bitcoin and the big blockchain experiment, the signs of success would be more than we've seen in the last nine years. "The protocols have their own schedule, a much longer time horizon than the companies," Casares said.

Failure, meanwhile, could be the result of several scenarios. "The main way bitcoin could fail is if we start putting money we're not willing to lose at bitcoin," he concluded. In other words, do not put your child's college money or your retirement savings into bitcoin.

The live stream of Facebook was shown on January 11. Schulman also used the live platform to announce that the PayPal community for the first time during the holidays has raised more than $ 1 billion in charitable donations worldwide.

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