Bitcoin price LIVE: BTC drops $300 - 'philosopher' claims price will hit $100m by 2030


BITCOIN has shed over $300 so far today as the weekend's positivity sours. However, a leading cryptocurrency 'philosopher' has claimed that bitcoin's rise as the world’s dominant money form in underway and prices will hit a staggering $100m by 2030.

 The article on Yahoo (that doesn't have a single direct quote from Mr Krawisz) argues that the cost of rejecting bitcoin will exceed the cost of adopting it as more people start to use the cryptocurrency. 
On the $100m by 2030 valuation, the article claims that 20 percent of bitcoin total supply will be missing or lost in the future, which means there will only be about 16.8 million coins in circulation.



 When the global value of money 1.8Q, is divided by the total 16.8 million coins, we hit the expected bitcoin value of $100 million. 
Mr Krawisz distanced himself from claims in the article on Twitter. He said: Most of the claims attributed to me in this article are not true. I never claimed any specific value for bitcoin or give a time limit nor did I claim that btc would be the most valuable chain of bitcoin.



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