John McAfee, the future presidential candidate says that If
Bitcoin Breaks 100k you can bet it will break a million.
What's your point of view on this, let me know!
He is a fruitcake, a very rich fruitcake, but I hope he is correct!
My own view is we will FOMO/PUMP up to the ATH again, or some such. Then it will correct 30% and perhaps more with the usual FUD and/or Mt.Gox giving out Bitcoin, etc, etc.
IF Craig Wright was to prove he was part of the Satoshi Group with Dave Kleiman and Hal Finney (both have passed) to the current court case. Well, IMHO Bitcoin will drop to
less than 5K in a heartbeat, if not more. Then there are the 'supposed' USA IRS guidelines they promise to be in place by the end of the year. etc.
You know how it goes. As of right now, IF BTC got near the ATH on FOMO and the FUD came back to haunt us and it 'corrected' to above $10k as the sideways point.
I'd call that a win in the next 6 months.
Of course, I'd like McAfee to be correct at even 1/4 of what he is projecting. But then I'm not as rich as he is to live in a world of unicorns/rainbows and fairies ...
them's the breaks.
But I really, really like the idea that my 'current' worst-case scenario for the next 6 months is that Bitcoin will 'correct' in that time frame above $10k BTC.
As to 100k then 1 million? That would be great. I'd sell plenty before that point. But, too much push back from corp types like facebook, IRS, banks, etc for that fast IMHO
but again, would love to be dead wrong!
Brad