Bitcoin at $500,000 by 2030 is the latest sky-high prediction to come from high-flying personalities, this time Snapchat’s first investor. Smith, Liew: Developing Markets Will Drive Bitcoin’s Moontrip In a joint presentation with Blockchain CEO Peter Smith, Jeremy Liew, whose stake in Snapchat is now worth $2 billion, said that external factors driving interest in Bitcoin would propel it to unseen heights in the coming decade. Remittance increases, mobile penetration and political uncertainty top the list.
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The recent news of how Snapchat is valued at US$18bn has sent shockwaves through the financial world. For a company that is not monetized in a traditional way, there seems to be a lot of interest from investors. So much even that the company continues to raise cash, albeit their business model may not be very clear to most people. Also read: Swift Investigation Highlights Twelve More Potential Breaches Most people know Snapchat as a