During a recent interview with CNBC, David Marcus, Lightspark co-founder and CEO, predicted that the price of Bitcoin, the leading cryptocurrency, could potentially surge to $1 million. "Over the long term, this thing should be worth $1 million or more," Marcus said. However, he does not know when exactly Bitcoin will be able to reach this milestone.
"The interesting thing with the price of Bitcoin is that it ebbs and flows, but over the long run, it always trends in the same direction," Marcus said.
Marcus has stated that he is still "very bullish" long term, but he has stopped short of offering a short-term price prediction.
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