Topic: John Mcafee predicts Bitcoin will hit 1 million by 2020 (Read 131 times)

Most predictions made by prominent people and by well-known investors in the stock market seem to quote somewhere around USD 50,000 to about USD 100,000 by the end of this year, but 2 years from now 1 MIllion seems a lot and ofcourse there's also the time involved in price corrections, market price stability and periods where Bitcoin and the cryptomarkets seem to be less volatile (like they are now where the price drops a bit, rises by a bit and then settles back to a lower state). Looking at this, USD 1 MIllion for a Bitcoin might be a very skewed prediction and would possibly just be an outilier amongst the other few predctions quoted below:




I feel anything can happen in the long run and Bitcoin will moon but during a short span of time having realistic predictions makes sense. I feel there are a lot of factors to be considered when it comes to Bitcoins price, mainly on-going chain of regulations, security issues with exchanges (unexpected events) and also the free market forces. All of these could add to the selling pressure, but a rebound is imminent right after that. But the point here is, considering these factors, the price will need time to stabilize, find its support and then we could see it possibly reach it's previous ATH (about $20,000) and could be a bit higher than that.

I am also believing the same because most of the old generation people who are experts in traditional finance industry are not able to determine the intrinsic value of new emerging cryptocurrency and the tech people and young generations are only able to identify the potential of Bitcoin.

This guy is often drunk and I bet sometimes on drugs. He says a lot of sh*ts here and there. Lately, he was spreading a rumor on Twitter about a hack which was not true. I think this guy is out of mind sometimes or completely lost.
If it turns to be true then PM I will donate 1 million USD to the charity of your choice.

His prediction for the Bitcoin price at the end of last year was wrong. He also spent weeks scamming his twitter followers out of their money by pumping-and-dumping coins on a daily basis with his "Coin of the Day" nonsense. I'll be continuing to ignore everything he says.

Did you meet him? Its a joke? Many people did not believe in McAfee. And I think it is just his impression and opinion about bitcoin. But if it is for the goodness of the bitcoin, I agree with him.

I met him in Airport, he said, he meant 1 million Zimbabwean dollar.

First of all this thread should be moved to the speculation section.

I hope his prediction will come true,but on what basis he predicted this?

https://imgur.com/X32fZ70
 
John Mcafee has placed a bet that bitcoin will reach 1 million by 2020, what are your thoughts is this possible?