Bitcoin Forum

Inspite of this downward pressure, bitcoin managed to combat its way back previously mentioned $8000 and used the vast majority of the weekend investing in the vicinity of $8,200.

Do you believe McAfee is right about Bitcoin hitting $50000 in 3 years?

I probably looking at a range of 1–10% probability of reaching $500,000 in the next year, depending on how you model it. Beyond that, it’s harder to know, with changes happening to the market like introduction of futures, but eventually there may be a liquid market for making such predictions through options. so likely it may hit the market.

I think such figures as 500 thousand will never be exactly.  You need to be realistic.

In 3 years everything could happen and in crypto there could be changes that we cannot even speculate now or even think about them, for me price of bitcoin could be even better if it will be going up right now.

Well, right now the bitcoin and other altcoins have manage to overcome the downward pressure and now they should start a strong rally in the bullish zone soon by this week or by the upcoming week and this bullish move can also be the start of the rally to $50,000 which i think is possible in coming three years because of the rising demand and value of bitcoin.

I think it is very unlikely that it will go that high ss there are far to many factors that can influence its price. I hope it will go that high though as whilst i don't own a lot of btc a gain like that would be rather nice.

Why not, bitcoin could surprise us in near future, for me that price could hit in some years, maybe not 500k$ but 50-100k$, i think that the best times will come when whole amount of bitcoins will be mined and most of the people will try to get even a small part of it.

to reach $ 500,000 the next year, depending on how you model it. Beyond that, it is more difficult to know, with changes that occur in markets such as introduction to futures, but eventually there may be a liquid market to make predictions through options. so it's likely to hit the market. everything can happen and in crypto there may be changes that we can not even speculate now or even think about it, for me bitcoin prices could be better if it will go up now.

Yes, I also predict that in the future bitcoin is something special and rare, so the price will be very expensive like a pearl.

It depends on the market sustainability plus the speed of the adaptation process.

$ 50000 is excessive value for the next 3 years, the increase in late 2017 to reach $ 20000 it has made the whole world uproar, all the banks in many countries panicked at the price of btc at that time

I think it's quite possible to reach $500k in 3 years because development is really speeding up and it will either die in 3 years or become very popular. There's not much of an option of being in between. It's either success or defeat.

i remember mc affee said btc will reach 1 million usd at 2020,now  this announce is pinned on his twitter but i think btc only reach 30k usd in next year,2020 maybe btc can reach 50000 usd or it can down 1000 usd,nobody can know what happen but we should hope it can reach 50000 usd at 2020

No one knows for a period of 3 years into the future, there is still plenty of time that still needs to be good and there are plenty of coins available, it could happen in the next few years, it is still a long journey to reach it, not reaching $ 50k but at the most can not reach half, everyone thinks and hopes that way and hopefully thinks of holding Bitcoin in the long run, maybe in the future all governments in every country are starting to adopt a massive Bitcoin.

The probability of $500,000 is very low. There is still a possibility of $50,000. The price of BTC may reach $500,000 next time BTC reduces production.

The best way to look at this is in fact going back to predictions from before the bullrun in last Q4.

If you look at predictions from early 2017 and before you will find a much more realistic prediction. BTC price is for sure to go up sharply at some point. Remittance transfers are one reason. Bitcoin transfers to foreign countries have nearly doubled in the past 15 years. Political uncertainty in the U.S., the U.K. and developing nations is another factor. The growth of mobile transactions is another factor. Non-cash transactions will probably jump to 30% over the next decade. The total number of smartphone users is expected to reach 1 billion by 2020.
Based on all of these time factors experts predicted a 500K by 2030.
I think that is a much more realistic scenario. I would predict a 100K BTC in two years instead.

Ahahahhaha....... This is a pure assumption based on emotions. Very Very unrealistic figure. Best we set our goals on realistic values and not out of nowhere. Bitcoin is great and would do well but not such figures.

Bitcoin is already 7.85K, I already mentioned about the profit of 10% for investors, so 8.2K - 10% = 7.38K.

Bitcoin could still be at the $7000-$8000 range, and it could also possibly be in the $500k range. There's just simply too much variables to take into consideration when making a price prediction that it's almost pointless making one. It simply could be as low as $1 and as high as $1m.

no one can accurately predict the price of what bitcoin would be in the coming years. we are all speculators but i believe the price would grow significantly but no one knows if it would reach 500k usd

I think that the price of bitcoin by 2020 can reach $ 100k.

The complexity of mining is growing and the miners want to make money.

The market of cryptocurrency will grow and the price of bitcoin also. But I would not be surprised if the price of bitcoin is 1, 000 dollars

@OP you are saying about $50K or $500K ?

In three years $50K maybe possible but for now anything is impossible to predict we need to believe in the bitcoin and hold it,maybe it can pay you off in three or five years.

I guess the OP was super excited while creating this topic where in topic it is $500K and in the he wrote $50K. It should be corrected first. Anyway coming to the topic, right now it doesn't seem that it will happen but as we all are well aware of Bitcoin. No one knows what is gonna happen the next moment. Therefore, can't say anything about it. If it happened it will be fun I will become a multi millionaire.  ;)
Hope for it to happen but once again I will repeat my own words, it requires an extreme level of adoption for the price to hit that target.

Even with the lightning network going full mainstream with major companies accepting Bitcoin as a method of payment worldwide, I don't think we'll see 500k, not in 3 years and not in a very long time.

The guy is a clown, but 50k in 3 years doesn't sound too bad imo, considering that we might see another bull run in the next few years, plus a massive wave of bitcoin adoption, I'd say the probability of reaching the 50k mark is very high.

it depends weather the diversification of media attention kicks in or not, if it kicks in bitcoin wil become just a rude cryptosect nothing more,

if media doesnt diverse attention like the banksters quickly lose even more trust,

bitcoin will in the end lose because its also destroying its basis, the remaining trust in the us banking cartel

You missed 1 zero there as McAfee said $500k but he changed that bet and he makes it $1M by 2020, for the current run of the market overall it is impossible to achieve that price of bitcoin it will take tons of corrections, manipulation and price fluctuations before we can reach that price for example as you see last year how bitcoin pump so far and how deeply it dumps right after the ATH.

Just bookmark this website and follow the price according to the McAfee prediction algorithm:

https://bircoin.top/

This website is fantastic, you can not only follow his curve but enter any values and follow your own prediction model.

McAfee prediction is still not that bad, as long as we don't fall under 292 days below, then it would start being delusional it will happen. For now we are 100 days below, not that bad compared to the 292 ahead peak of the 20k december bubble. I predict a new massive exponential bubble will level out the curve again.