IBM expects Bitcoin price to rise above $ 5,000 in 2019 and to $ 1 million later on

The head of blockchain and cryptocurrency trends at IBM, Jesse Lund (Jesse Lund) in an interview with Finder.com said that he expects Bitcoin prices to rise to $ 1 million in the future.

In this case, at the end of the year, according to his forecasts, the cryptographic flagship will reach a level of $ 5,000 or higher. With the realization of his most positive forecast, the liquidity of the network may amount to more than $ 20 trillion, and one satoshi will equal the US cent.

Speaking about the integration of Stellar (XLM) into IBM's work and the use of this cryptocurrency for cross-border payments in the Blockchain World Wire (BWW) payment network, Lund said that the company is considering the possibility of introducing other crypto-assets for conducting calculations: XRP, BTC, steybcoins or digital currencies central banks (CBDC).

Recall that earlier, IBM was on the second line of the ranking of the world's largest inventors in the field of technology blockchain , published in IPR Daily. IBM and Columbia University have created a research center to implement educational initiatives and support application development in this area.

Riyadh Municipality has selected IBM as a strategic partner to facilitate the introduction of technology into government services and transactions. And with the Australian government, the corporation has signed a contract for 1 billion Australian dollars ($ 740 million), which will be supported by state authorities of the country for 5 years, including defense and home affairs agencies using blockchain technology and seeking to automate processes.

Publication date 02.02.2019
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