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() continues to be the darling of global investors despite the recent crypto winter. Recently, Jesse Lund, VP of and Digital Currencies at showered praises on . Mr. Lund remains ultra-bullish on the future of in the long term.
In a recent interview published by Finder.com on YouTube, Mr. Lund says that the price will eventually reach $1 million in the long term. He also went to say that higher the price of the crypto asset, higher will be its utility. Thus, Mr. Lund believes that if we focus more on the utility of the crypto , higher will be its demand. This will automatically drive the price of the crypto asset northwards, he says.
“If the price of were higher, there would be more liquidity on the network, we could be having a really different discussion with banks right now,” he says.
Mr. Lund notes that it is to touch $1 million price, “then Satoshi is on value parity with the U.S. penny”. In this case, the whole network will have a whopping $20 trillion liquidity. He also believes that this liquidity is enough to change the structure of corporate payments. While commenting on the price by the year-end, Lund said that he sees it going to at least $5000.
IBM’s Close Association With Blockchain and Crypto Industry
Over the last few years, IBM is aggressively working on new projects working on different platforms. The tech giant has also developed its own cross-border payment network, World Wire (BWW). During his recent interview, Lund spoke about their partnership with (XLM) and use of the XLM in BWW network.
Currently, IBM uses the XLM crypto- on the BWW network to pay the transaction fees as well as an intermediate currency. Lund also opened up on the possibility of working with other digital assets. He said:
“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”.
He further added that “it could be , it could be XRP even, it could be , but it would also probably include other instruments, like stablecoins, and even eventually soon — hopefully — central bank-issued digital currencies.”
However, IBM’s BWW payment network is different from the RippleNet in a way that the tech giant doesn’t have a native crypto . IBM is already working with R3 Corda to create cross-border payment solutions using different digital assets. Earlier this month, IBM also its network for use in Melbourne, Australia.
Along with Mr. Lund, there are several popular analysts who continue to stay bullish on ’s future price. Mark Jeffrey, a long time proponent and author of “ Explained Simply” that will reach $250K. Circle CEO Jeremy Allaire also that will continue to rise in the upcoming years without mentioning any specific target. Taking a modest target, crypto bull Tom Lee that the fair value of is at least $13,800.
Published at Sat, 23 Feb 2019 12:52:54 +0000