Bitcoin at $1 Million by 2020: McAfee Doubles Down on optimistic Bet
Bitcoin at $1 Million by 2020: McAfee Doubles Down on optimistic Bet
John McAfee, whose fame exists rather heavily owing to the code company he supported within the late Nineteen Eighties, took to Twitter over again on February 2, 2018, to affirm that he was so optimistic on bitcoin. In a trial to predict bitcoin’s value at the top of this decade, McAfee had antecedently expressed that it'd reach “$500,000 by the top of 2020”. In Gregorian calendar month 2017, he tweeted that the cryptocurrency had accelerated a lot of quicker than expected, inflicting him to boost his prediction to $1 million instead.
McAfee’s bitcoin prediction isn't all that he has expressed in his tweets although. He has claimed that if bitcoin doesn't reach his value target by the top of 2020, he can proceed to “eat his d**k on national tv.” whereas it's clearly close to not possible that any televised network can enable such an illustration on air, McAfee is probably making an attempt to instill bigger confidence in his prediction. That said, the general public, together with some traditionalist cryptocurrency enthusiasts, have derided his daring claims.
According to McAfee, his “prediction model” had solely forecast bitcoin reaching $5000 by the top of 2017. the truth, however, panned intent on be quite deviant from his model, with the digital currency finding itself at associate degree incomparable high peak of near $20,000 in Dec 2017. Bitcoin, along side the complete cryptocurrency market, has been on a gradual decline since reaching that peak, with the additive market cap a minimum of four-hundredth less than what it had been a month past, a minimum of as of the time of putting this on ink article 2 months later. Naturally, this has prompted individuals to question McAfee’s prophecy for the longer term. If bitcoin were to hit $1 million by 2020, it'd have to be compelled to appreciate 100 times from its current valuation.
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Am I the only one who is starting to be slightly scared??
We where all kind of being silly back in 2008 saying a bunch of bad stuff would happen pushing this tool to a valuation of 1mil + Etc..
It's like watching an episode of the Simpsons and ending up with Trump as president..
Just wondering the impacts it could have on the older generation who is clearly being left behind while the millennials get a larger portion of the buying power.
It is really ridiculous, in terms of pricing I belive. As of older generation, I believe it will not be mass adopted until the millennials become elders.