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Bitcoins Worth $1,000,000 EACH?

How’s THAT For a Headline – Bitcoins Worth $1,000,000 Each?

TheNearlyDailyBitcoin - Bitcoins Worth $1,000,000 EACH?It’s a possibility, says Wences Casares, CEO of Xapo, a Bitcoin Wallet and Deep Cold Storage Bitcoin Facility.

So, what does Mr. Casares say the chances of each Bitcoin being worth One Million Dollars?

Maybe 1/10th of a percent? Maybe 1%, 55?

Nope!

Mr. Casares, a very well known and experienced Bitcoin Entrepreneur, thinks there is a 50% chance that Bitcoin would be worth $1,000,000 EACH!! (Click here for the current Bitcoin Price as provided by our friends at Coindesk)

Think about it. . . .. Compare that to a lottery.

Would you purchase a $1 lottery ticket if you had a 50% chance to win $4,000? That’s basically what we are talking about with Bitcoin at $250.

Now, please, don’t go out and mortgage the house to buy Bitcoin.

But, like gold and silver, EVERY Portfolio should include SOME Bitcoin, a small percentage, as a hedge against inflation and economic, social and political unrest.

Yes, even here in the U.S. and other “Stable” Western Countries.

I’m just saying. ….   <g>

Clint

original image: theverge.com

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