Lingerie tycoon and #Bitcoin fan Michelle Mone predicts value of virtual currency will rocket to $100,000 - ten times its current value

Lingerie tycoon and #Bitcoin fan Michelle Mone predicts value of virtual currency will rocket to $100,000 - ten times its current value

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Lingerie tycoon and Bitcoin fan Michelle Mone is predicting the value of the virtual currency will rocket to $100,000 – ten times its current value.

Baroness Mone and her boyfriend, businessman Doug Barrowman, revealed plans in September to sell £192 million worth of luxury Dubai apartments in Bitcoin – a first for the property market. 

Hunch: Michelle Mone says Bitcoin will continue to soar

Hunch: Michelle Mone says Bitcoin will continue to soar
Mone, who founded the Ultimo lingerie brand, told The Mail on Sunday she has already sold ‘a number of apartments’ in Bitcoin.

She said she thinks the price of Bitcoin ‘still has a long way to go in terms of upward value’, adding: ‘I wouldn’t be surprised to see it hit $100,000 per coin over the next few years.’

Bitcoin surged past $10,000 last week as the frenzy surrounding it hit fever pitch, but experts warned it was a bubble that could soon burst.

Dr Garrick Hileman, of Cambridge University, said: ‘Some scepticism frankly is needed. There’s clearly a mania that’s gripped people. If the market turns – and at some point it probably will – people can get hurt pretty badly.’

Colour of money: Lincoln Townley, with his portrait of Ronaldinho, will accept Bitcoin

Colour of money: Lincoln Townley, with his portrait of Ronaldinho, will accept Bitcoin
Mone’s prediction came as Lincoln Townley, an artist to Hollywood stars, said he is accepting Bitcoin for his latest collection. 

It is thought to be the first time this has happened in the art world. Referring to Bitcoin’s 900 per cent rise this year, he said: ‘I see this going through the roof.’



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