Ether, the unit of cryptocurrency used on the Ethereum blockchain, has given investors a wild ride lately. Its value more than doubled in May, peaked in June at more than $ 400 an ether, and then lost more than half that value by early this week. That may sound like a bubble bursting. But some investors are still optimistic and are prepared to ride it out. Aaron Batalion, a partner at Lightspeed Venture Partners, said…"Silicon Valley is hot on a new cryptocurrency that could become worth 100 times its current value"
Bitcoin has been the top-performing currency in the world in six of the past seven years, climbing from zero to a value of about $ 1,190. But the cryptocurrency isn’t anywhere close to its potential, according to Jeremy Liew, the first investor in Snapchat, and Blockchain CEO and cofounder Peter Smith. In a presentation sent to Business Insider, the duo laid out their case for why it’s reasonable for bitcoin to explode to $ 500,000 by…"The first investor in Snapchat thinks bitcoin could realistically be worth $500,000 by 2030"