In an essay published on Kana and Katana last month, a research platform run by Ikigai Asset Management, Xapo CEO Wences Casares said that bitcoin may be worth more than $1 million in 7 to 10 years. “In my (subjective) opinion those chances of succeeding are at least 50%. If Bitcoin does succeed, 1 Bitcoin may be worth more than $1 million in 7 to 10 years. That is 250 times what it is worth today (at the time of writing the price of Bitcoin is ~ $4,000),” Casares wrote. According to Casares, a director at PayPal, investing in an emerging asset like bitcoin poses risks and it would be irresponsible for an investor to ... (full story)