"Impossible for Bitcoin to not be worth $1 million by end of 2020" - John McAfee

in #bitcoin5 years ago (edited)

Guaranteed million, guaranteed?

John McAfee says it is mathematically impossible for bitcoin not to hit $1 million per coin by the end of 2020.

Cool, how does he get there?

Well McAfee hasn't gone in to great detail but it sounds like it is mostly based off of what he has said in the past.

Where McAfee measured bitcoin’s actual value based its cost of production (mining), as well as on the total number of users and transactions on its network.

He then projected out what the cost to mine might be once the next halving occurs.

Using those numbers he was able to arrive at $1 million by end of 2020.

Millions I tell you, millions!

He also stressed that bitcoin was not just a speculative investment but an instrument that powered a payment protocol that would change the world.

More about his thoughts can be seen here:

Most likely he is not even going to be close.

But if he is just 10% right I will be a very happy man.

C'mon McAfee, put those drugs down long enough to nail this call!

Stay informed my friends.

-Doc

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he was running around the island like a maniac with machines guns and security in belize
my niece was there then and says they were looking for a man that poisoned his dogs
i guess he found the guy since he is now wanted for murder but no body discovered yet
what a character but better than any of the presidents weve had since kennedy anyhow
i wouldnt vote for him since i dont vote for any criminals in power or govt
have a great day man and keep pumping the info out bud

Isn’t he supposed to eat his penis if BTC is not a million? I remember him saying something like that!

Posted using Partiko iOS

Yep, that is correct. End of 2020 is his deadline.

You think he will be right?

I think I'm with you there... I seriously doubt it will be true... But even a small fraction of it (not too small!) would be a step in the right direction!

Yep, agreed. 10% sounds ok to me!

Shouldn’t be he eating his dick at the moment?
Don’t get me wrong we all that it will reach that point but he has to become serious with his predictions!

He has until the end of 2020 before he has to that.

I thought that it was the end of 2018! My mistake!
Still I don’t see this happening. We may be happy if BTC does break it’s all time high!

Yep, I agree sort of. I think there is a very good chance bitcoin will break it's all time high, I just don't think it hits 1 million, at least not within the next 18 months or so.

That could be but all stars need to be aligned for that. It is green compared to the beginning of the year. Probably it will need tot ouch 6 or 6.5k before some FOMO kicks in!
FOMO will be the fuel of the next bull run. BTC is The Godfather of all coins but has a lesser business case in my opinion!

Bitcoin will likely be the sovereign store of value coin. A coin that countries can make settlements in. There will be platform chains/coins that have lots of businesses built on top of them and then there will likely be some currency coins as well.

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Thanks.

McAfee is a creepy old men looking for the lulz on blockchain techs meanwhile saying insane bullshit while being as dumb as his feets.

There is a ton of truth to that. Though, at least at one time he was a smart dude, history will prove whether that still is the case or not.

Hope soon will happen because I invested in bitcoin also

Posted using Partiko Android

I hear you. Sure would be nice if he was right!

If he is only 3% right I will also be a lion-faced dude @jcornel :P

New highs works for me!

Still unsure the real value but the reality is that a portion is good at this point! This may be an interesting perspective towards a longer term possibility.

Posted using Partiko iOS

Yep. I mean if things go right, it could absolutely be worth $1 million some day, but not likely to happen in the next 18 months or so.

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