The head of BitPay's well-known payment processing industry, Stephen Peir, expressed the opinion that for mass adoption of cryptocurrencies it takes 3-5 years. This is reported by CCN .
“I used to talk about ten years, but now, I think, it will take from 3 to 5 years for you to go to a restaurant or trade establishment, being sure that they will accept a blockchain payment ,” said Payr.
At the same time, the head of BitPay does not deny that the speculative component plays a high role in cryptocurrency pricing:
“Undoubtedly, investor speculations regarding the future use and adoption of technology play a significant role in pricing. A minor component of the price is real use, ” he added.
Earlier, BitPay Commercial Director Sonny Singh expressed the opinion that next year the price of Bitcoin could rise to $ 15,000 and even reach $ 20,000.
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