Wences Casares, CEO of bitcoin wallet Xapo and member of PayPal’s board of directors has made a compelling forecast on bitcoin’s value over the next decade.The bitcoin entrepreneur and executive was speaking at the Consensus 2017 conference in New York.Taking the stage at a dinner organized by bitcoin and blockchain advocacy group Coin Center, Casares’ speech was quite the hit.@wences' speech at the 2017 @coincenter gala dinner will go down in #Bitcoin's history as a true gem.#/2zlhX0M0fJ — Juan Llanos (@JuanLlanos) May 23, 2017 While we did not attend and are unable to find a video of the talk, there are a few notable takeaways from scatterings of his speech reported online.Putting bitcoin under the spotlight, Casares opined that “the internet doesn’t have a currency and it desperately needs one”, pointing to the world’s most popular cryptocurrency.“The biggest mistake [would] be to buy more bitcoin than you can afford to lose.The biggest mistake is [also] not to own any bitcoin,” he told the gathered audience.

“Put 1% of your net worth in Bitcoin and forget about it for 10 years” Casares added, baiting new investors to adopt the cryptocurrency.His speech also included a prediction for the cryptocurrency, where one bitcoin would hit $1 million before the next ten years.PayPal guy & @xapo @wences : only buy the #bitcoin you can afford… and predicts it will hit $1 million in 5-10 yrs #consensus2017 Casares has long been a tech entrepreneur.As the founder of Argentina’s first internet service provider, he is also among the earliest evangelists of Bitcoin.He went on to launch a retail bank in Brazil before eventually launching bitcoin wallet Xapo.In early 2016, Casares joined PayPal’s board of directors, with the payments giant describing him as a “recognized next-generation payment and crypto-currency thought leader.” Still, Casares’ claim is arguably among the most bullish predictions for bitcoin prices yet.Certainly more than early Snapchat investor Jeremy Liew and Blockchain CEO Peter Smith who predicted bitcoin prices to hit $500,000 by 2030.

It remains to be seen if either of these claims come true.One late 2016 prediction that has already proved right saw Danish investment bank Saxo predict bitcoin prices to rise by 165% (bitcoin was trading around $750 at the time), to leap beyond $2,000 in 2017.bitcoin core won't openBitcoin prices broke beyond $2,200 yesterday and are continuing to surge ahead at the time of publishing.litecoin not showing up in walleteBay chief executive John Donahoe has confirmed the e-commerce giant is looking at ways to integrate bitcoins into its PayPal payments network.bitcoin precio record"It’s a new disruptive technology, so, yeah, we’re looking at bitcoin closely," Donahoe said in an interview with the Wall Street Journal.bitcoin nas?l isler

"There may be ways to enable it inside PayPal."eBay hasn't yet made any commitments to use the currency, Donahoe added, comparing the digital currency to early music sharing sites such as Napster."Virtual currency is something that's here to stay," he said.bitcoin iq optionLast week, PayPal president David Marcus said he was "fascinated" by bitcoin and that his company was considering the currency.bitcoin kursentwicklung 2013"For us it's a question of whether bitcoin will make its way to PayPal's funding instrument or not," Marcus told Bloomberg TV.litecoin all time high price"We’re thinking about it."ethereum guide redditWhile alternative currencies like bitcoin have the potential to be disruptive technologies, they are all still in the early stages of development, a spokesperson for PayPal has said.ethereum pool best

"As the company that created the online payments category over a decade ago, PayPal knows how hard it can be to manage payments globally in a regulated environment," the spokesperson said."We're closely following this area and look forward to seeing how it develops."The addition of bitcoin to the PayPal network would give the burgeoning digital currency some much-needed legitimacy.There has also been speculation that other money transfer services such as Western Union and Moneygram are looking at bitcoin.Wences Casares is a financial tech entrepreneur and the CEO of Xapo, a Swiss company that offers digital wallets and debit cards for the electronic currency Bitcoin.Casares joined the board on Tuesday, PayPal (PYPL, Tech30) announced Wednesday.PayPal is the leading company in Internet-based payments.For some time, it has indicated an interest in something called Blockchain, the technology that drives the online currency Bitcoin.Bitcoin is its own system of money, not advocated by any government but powered entirely by volunteer computers around the globe.

It's an experiment in high-tech money.And while it's shaky and still unproven, it has shown the world a new way of making direct transactions -- one without any banks in the middle.In a statement, PayPal CEO Dan Schulman said Casares' experience with Bitcoin would help PayPal adapt to a future of mobile payment and digital cash."Wences's unique line of sight into the future of commerce is ideally aligned with PayPal's vision of transforming the management and movement of money for people around the globe," Schulman stated.In a statement, Casares said he is honored to work with a company "dedicated to driving the transformation of money on a global scale."It's yet another vote of confidence in Bitcoin's technology.As of last November, a record $1 billion has been invested in Bitcoin-related firms so far.Jose Pagliery is the author of Bitcoin - And the Future of Money (Triumph Books, Chicago).voice assistantsGoogle Home Outsmarts Amazon Alexa in 3,000 Question QuizFortune 500Google Debuts a New Virtual Reality Video File FormatTelegramRussia Threatens to Ban Telegram Messaging AppanimalsThese Pictures Prove Take Your Dog to Work Day Was a Great IdeaPayPalPayPal Just Appointed This Bitcoin Startup Entrepreneur to Its BoardLeena RaoPayments giant PayPal announced a new board member this morning, potentially signaling the company's openness to cryptocurrencies.

Wences Casares, CEO of bitcoin wallet provider Xapo, joined PayPal's board and is part of the company's compensation committee.Dan Schulman, president and CEO of PayPal (pypl), said of the entrepreneur: “Wences’s unique line of sight into the future of commerce is ideally aligned with PayPal’s vision of transforming the management and movement of money for people around the globe.”SIGN UP: Get Data Sheet, Fortune’s daily newsletter about the business of technology.Casares is a serial entrepreneur, founding Argentina’s first Internet service provider as well as a gaming company (acquired by Activision) and digital wallet startup Lemon (bought by LifeLock, with which Casares is currently embroiled in a lawsuit.)[9:2His newest startup, Xapo, allows people to purchase bitcoins and manage them in a digital wallet.Users can spend their bitcoins through a Xapo debit card or store them in a quasi savings account.One of the financial technology industry's hottest bitcoin startups, Xapo has raised $40 million in funding from a number of well-known Silicon Valley investors and entrepreneurs, including PayPal co-founder Max Levchin, former PayPal CEO David Marcus, Greylock Partners, and Benchmark.WATCH: For more on bitcoin, check out this Fortune video: Casares brings his cryptocurrency experience to PayPal, which started allowing its merchants to accept bitcoin in 2015.