BITCOIN, BLOCKCHAIN, RIPPLE

Bitcoin Will See $1 Million, Says IBM’s VP of Blockchain, Digital Currencies

Jesse Lund, Head of Blockchain & Digital Currencies at IBM, joined CryptoFinder on the floor at IBM Think 2019 to discuss the roadmap for World Wire.


Jesse Lund, IBM’s Vice President of Blockchain and Digital Currencies has stated he believes Bitcoin will break $1 million, during a recent interview.

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Jesse Lund
Jesse Lund

“I see Bitcoin at a million dollars someday,” Lund stated.

“I see maybe $5,000 at the end of the year, but I see a way higher upward trajectory.”

Lund said the company is utilizing the Stellar Lumens blockchain but admitted IBM is considering working with other tokens in the future.

“There should be an ecosystem of a variety of digital assets that provide settlement instruments that enable these cross-border payments, and the participants in the network should be able to choose and negotiate their choices in real-time,” stated Lund.

“It could be Ripple. It could be XRP even. It could be bitcoin, but it would also probably include other instruments, like stablecoins, and even eventually soon, hopefully, central bank-issued digital currencies.”

One major project Lund is currently working on is IBM’s World Wire, a global remittance platform, which is based on the public Stellar blockchain, currently the eight largest cryptocurrency.

The architecture of World Wire is a cross-border payment network that promises to revolutionize an industry that, according to Lund, “hasn’t optimized in 50, 60 years or more,” utilizing blockchain technology, specifically Stellar Lumens.

“When you think of the pace of change and user expectations of the digital natives of today, we expect information to flow instantaneously. There’s no technical barriers that should prevent money from flowing the same way.”

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