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RE: Teenage bitcoin millionaire can see the cryptocurrency’s value shooting as high as $1 million
That's an overly optimistic position to hold. I can't see that happening honestly . Nor does it need to we have numerous crypto currencies many of which have very good use cases for a given purpose. That will most likely prevent this from happening. Another consideration is the Bitcoin scaling issue we are still faced with . An issue I would point out remains unresolved .
He does have an optimistic attitude about bitcoin, but it did make him a millionaire! The scaling issue is a test for bitcoin. Let's see how it is handled because that is a telling sign for the coin. Thank you for your insight.
No I phrased it exactly as I intended Ito. As for his becoming a millionaire. That had more to do with luck than the kid being a shrewd investor. The scaling issue and ever increasing transaction times coupled with fees that are becoming exorbitant ultimately will do more harm than good for Bitcoin. I'm not saying it's the end of the coin , but there are other alternatives at this point with faster transaction times / less fees.
That (it's) was a typo- lol. Thanks for your input on the crypto market. It has been interesting to watch the cryptos emerge.