Bitcoin Forum

Bitcoin future price of $1 million comes true in 2020, that would give it a total market capitalization of $15 trillion. Going back to McAfee's prediction, Bitcoin would need to increase its value by more than 4,900% from its all-time high of $20,000.

Check the link follow the instruction: https://www.coindesk.com/market-wrap-some-miners-face-an-uncertain-future-despite-rising-bitcoin-price


Bitcoin will reach a price of $50,000 by late 2020. He also believes that the market cap of all cryptocurrencies will burst up to a whopping $2 trillion (from the current $150 billion) within the next 10 years.

https://cdn.steemitimages.com/DQmWchMRiGB4FRGMc3EQfphq6fraA83Em9RKUHCV2ob9jat/gggg.jpg


Billionaire Michael Novogratz has invested approximately 30 percent of his fortune in cryptocurrencies. He began investing in 2015 and announced a $500 million cryptofund, which includes $150 million of his own fortune, in 2017. So i think it will be going for everyone future.

I think it should be because today is eCommerce era and  maximum payments now doing with online system like credit cards or mobile banking. etc. So here BTC can be also use for online payment gateway as it using more secure platform. That is why all the big big technological company now investing here and many billionaires also. So the more men or company will engaged here, the more BTC platform will strong and near future we hope we will see this.

thanks.

I don't see anything that explains why do you personally think bitcoin is the future.

Quoting people's guesstimates on what will be the price of bitcoin short-term does not secure bitcoin being the future of money, nor even explain why bitcoin is t he future. It can always go higher than Mt. Everest but if people and the world's attention is not directed to it, and develop it into something useful for their own gain, it will never be the future. Perhaps short-term people can see its worth as replacement for cash due to the pandemic, but again, how many merchants and services are really accepting bitcoin these days?

I'm not a non-believer but I just want logical answers on rhetorical questions that seem to never end in this forum.

I also agree with your opinion cause transaction with BTC is more secure and we notice that already many worldwide companies or service accepting BTC as there payment gateway so its time to see if big E-Commerce Like Amazon, Alibaba, etc, if they start BTC as payment gateway then your opinion may become true .we are seeing already many people are involving to BTC investment ..

Seems OP just mentioned some predictions and linked some articles about bitcoin price. Post doesn't match with the title. Most likely OP think bitcoin is future if price increse which is wrong in my opinion. The main concern is uses of bitcoin, when uses of bitcoin will increase and you can use it for your daily needs then we might say bitcoin is future. Don't follow such as unrealistic prediction and don't expect such as returns. This wasn't the main concept of bitcoin, we can't evaluate bitcoin with price. Ofcourse price would be reasonable when its uses will increse. So please explain briefly what is your thought and why you think bitcoin is future?

I don't really understand what you are trying here. Do you describe your own opinion or McAfee's prediction? If you are trying to discuss McAfee's prediction, I think we have already done it many times and no need another thread for discussing it. You must know that $1 million is only a prediction and no one knows it really can happen or not, or when it can happen in the future. However, I really doubt if Bitcoin can reach $50,000 or $1 million this year. Just think realistically and learn how significant the move of Bitcoin price lately, there is no reason that it will go to $50,000 or $1 million in the near future.  

The thing here is that this type of predictions gives hopes to a type of person like OP. I mean, who gives a shit about mcafee anyway? he already back down from his words and we won't be seeing his dick getting eaten live at television anymore (It's a joke, chill).

Looking at the news article above, even $50,000 is still a pipe dream at the end of 2020 because of the dilemma we are having right now like when is difficulty going to adjust for the miners to start profiting again? how will this crisis we are having right now will affect the future market? The future is still unpredictable.

In my opinion, BTC price will be around 200,000 to 500,000 by the end of 2020.

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Paymydoctor (https://www.paymydoctor.online/)

well in your first two sentences you brought up 3 things that makes think you neither believe nor care about bitcoin future. speaking of price, market capitalization and an idiot called McAfee.
the future of bitcoin is not about its price, but its adoption and its usage as a currency worldwide. while the bitcoin price is a byproduct of that adoption. instead of focusing too much on the price and the profit in percentage you can make from bitcoin, you should seriously start using bitcoin and see what it really offers (hint financial sovereignty).

Bitcoin's volatility is one of the reason why it is not the future, it doesn't surpasses the standard of being a currency because there are some factors to be considered. It can reach the all time high again and it can also lower its price than you can imagine, its shifting of price from high to low is really fast and it will not really become an effective as a long term investment.

Bitcoin is only for a short term investment and manipulation, especially if it is necessary for you to have transaction in a short period of time. It is possible if people promote it and have a massive mass adoption that each and every people can benefit about it. But it is not that easy to achieve especially that there are still government that doesn't support the use of cryptocurrency in their community. Overall, bitcoin is potentially the future of all coins not specifically the future of all.

Then how do you think bitcoin is the future if most of those examples you have mentioned came from other predictions? The prediction of McAfee, many have believed in his prediction but forgotten that it's just a prediction, a guess, an opinion coming from him.

You can set him on the side and don't rely on too much with your decision through his entire prediction. Everybody who is holding at this moment is bullish in bitcoin and that's you have to remember and we don't have to argue about the future of bitcoin. But if you think that the price relies on somebody's prediction, you have to think again. Dig on the price prediction of Novogratz during 2018 and you know what happened by that time.

Stop it with the McAffee predictions, they aren't worth the notice tbh. Nextly, you pretty much just discussed the volatility part of BTC, which is in no way IMO a should be part of the future. If it still stays this volatile even when the supply is finally reached its final moments, then I don't know how much it would be worth by then. If your opt to think of BTC or any other crypto out there as the future, you should probably talk about it's adoption across various platforms. Just like how some eCommerce sites have started accepting BTC payments and how Crypto ATMs are out there in a few countries.

Still, when I read about you actually stating McAffe at the start, I should've already understood that this wasn't about BTC's future, it was about BTC being an investment for your future.

I will not totally agree with the saying of bitcoin being the future as we still have majority of people unaware and inefficient in the use of bitcoin modus especially in area of the internet. If the people don't understand it , would they keep relying on others for their money, earning or profit. No , not for a longer time.

Lol, People need to stop following Mcaffee  since he's reputation is ripped off already since he's prediction always fails, he's been unmasked for his intention since he's main intention is to gain money from those fools who believes on him.



Future for bitcoins is given already but I'm sure the one you mean is the adoption since it's not fully wide spread yet since  there are people doesn't reached yet by the blockchain technology and cryptocurrency but if the news about this will spread plus we add something good output with the price and clear information on how to earn or get benefits of it for sure this could attract people to invest with crypto's.

Bitcoin is the future. Of course I agree with that. Bitcoin is now at the top of popularity all over the world. Almost all the countries in the world now know about Bitcoin. The price of Bitcoin can go up to $1 million and then it can go down to $ 1 in 2020. There is no way to say for sure about Bitcoin.

I think, crypto is gonna be successful, why? Cause computers era just began. Cause is cheaper and faster than money, being similar sure and supply stablished, which means inflation can come by price but not by ammount of btc.

Also, 20 years ago was imposible to order dinner by net. Now its quite easy (QUITE, wich means in future probably will be more).

All the moneys since the egipts has been replaced by something more accepted, more sure, and less fee. I think in the next 30 years we will se lot of countryies using crypto. It just come to stay, and thats more late than soon that btc will become very powerfull, as a storage of value.

Probably its just the beguin of btc. And it will go low as a speculation and non utility thing as it is right now. Rmember is not on the 10500 range yet. So get ready for bearish. Soon or late.

 But if we keep on the internet era, wich only starts 25 or 30 years ago, is evident that in 30-40 years, sending  value will be much easier, and it will be accepted to keep your value on crypto. Probably governements will use that at somepoint...so bitcoin is not the iminent future, but crypto it is. and thats why btc can become virtual gold on the next years. Just when people trust enought and as i sayd, price gets a support zone on 10500.
Coment and criticise me.please, just a newbie here.

That's the hard thing actually! bitcoin is a multifaceted tool which makes people tends to be very subjective on how they are going to interpret this diverse and disruptive technology. It is no surprise why people sees bitcoin as a speculative tool for securing their wealth, some uses bitcoin to initialize a transaction for an increase of privacy, or maybe others uses it to achieve financial sovereignty just like what you have said.

Another thing is that, bitcoin is always volatile and there is no guarantee that this will become our future. The only thing that we can guarantee is the decentralization, immutability and censorship-resistant which can maybe a good alternative in our financial system that is flawed.

Knowledge about BTC and cryptocurrencies in general does not automatically translate to higher adoption rates. Majority of the world currently have a negative picture of BTC in their minds thanks to all the scams etc associated with it.

It won't go to 1 million or $1 in 2020 since it isn't that volatile even though it is one of the most volatile assets out there. Be realistic.

These are speculation which would come true only when bitcoin overcomes all of its hurdles. The two largest being the scalability and legality. One is an internal and technological hurdle while another is external. For it to come true, there should be an overwhelming support for bitcoin by all of miners, developers and general public.

Fully agree with that. Bitcoin hasn't been created to take advantage of volatility and get profits. The aim of bitcoin was a decentralized currency which would make transaction peer to peer without any third party involvement. That means the intention was of bitcoin creator give new financial system where we would be our own bank and we don't need to trust anyone with our fund. Remember, 1 bitcoin always will be 1 bitcoin, it will never change. So it's better forget evaluate bitcoin with the price only which isn't clear indicate for bright future

You are calling it the future only because the price is going to rise and each coin is going to be around a million dollar? That is your reason? I thought it is going to be the future because crypto currencies like bitcoin can give us financial freedom. I thought it was going to be the future because it is decentralized and only one person solely owns the coins.
You are still relying on McAfees prediction? I thought he already lost his bet and now he speaks against bitcoin.

Well I do think it so not just Bitcoins but cryptocurrencies as a whole and in that Bitcoins is the most trusted one at that . Since the government will take time to recover from this financial blow , sooner or later people will be interested in more options . Stock market takes time but cryptocurrencies provide you with a good source of trading , earning extra money and with mining you can make extra bucks if you are living in a country with less electricity expenses.
Cryptocurrencies is an amazing opportunity for people to connect with each other and sell their services all around the world.
It is not just the future , it is very helpful even for the government for the disastrous times , like Corona virus right now , I have seen people earning through cryptocurrencies and not the governmental jobs .

Both men have been saying a lot about Bitcoin's future price, most of which are really exaggerated. McAfee's words are not anymore reliable. They are bordering to nonsense already. Novogratz is highly invested in Bitcoin that is why he tends to spread FOMO. That's personal for him. He just wants to have his wealth grow as soon as possible. He does not sound objective anymore.

Cryptocurrencies has a spot in the future in financial terms however blockchain has the biggest shot in the future since it is applicable to almost all of the fields. I also agree that people are interested in transitioning into digital currencies coz I have seen a data that there is an increase in number of digital payment users, and you can see not only bitcoin but also alternative coins are getting a pump now take a look at ZRX.
Futuristic indeed but there are still problems with connectivity, not all countries have the same internet speed as Europe has which is the heart of any digital transaction. Corona virus might help the increase of crypto adoption.

I do not believe in Novogratz and McAfee. Both of them are bitcoin whales and their only mission is to increase their wealth and for this they can give whatever statement they want to make themselves more famous. As we know that almost of the prediction given by John Macfee are false, there is no point to believe in them. 

Neither do I. But I don't think McAfee is a Bitcoin whale. He already turned his back to Bitcoin, even calling it an old technology. Even if he didn't, I would still not believe in his unrealistic predictions. He is speaking without sense now.

   I at least hope to reach the price of the old $ 20k bull run from December 2017. I honestly don't know what benefits this McAfee has for these absurd and unrealizable predictions, especially in such a short period of time.
  Instead, I am convinced that BTC will be used more and more, as crypto transactions are very fast, convenient and very well secured.

I don't really understand it when people are saying that Bitcoin is the future, to be sincere. What future exactly?
That the price will increase and people will make lots of money and later on they will still dump it, or become a future where a lot of people will agree and believe in Bitcoin and start using it for the main purpose it was created for which is peer-to-peer transaction.

So, which one exactly are these people talking about? I really hope that it's going to be the later, because if it's the first, then it's not really worth it because it reaches a level where people can't make profit any longer they will not be interested. But, it would be best to know what it will become when the time comes.

I might not be able to able to support McAfee's predictions based on what is happening presently but asides that achieving the said $50,000 - $1Million is quite unrealistic. But of a true Bitcoin is for the future because more people are adopting bitcoin as a form of exchange and its transaction is very fast and reliable with secured identity

Sure, bitcoin is certainly a future asset which will be cool to invest in at this point in time. So many assets have not seen the increase with which bitcoin has seen over the years and its finite supply will definitely make it increase more in the future when most people get to know about bitcoin.

I do not know what the capitalization of crypto currency will be, but I will only say one thing - many people in cryptocurrency see the safety of their funds in the long term. Therefore, based on the obvious demand, the price will certainly increase.

You claim that bitcoin is a future, but does it mean that this future has an end? Let me explain why. With each halving the amount of generated reward decreases. It is not a secret that one day all the bitcoins will be mined and there will be no reward. What of future then it will be?

We should think again, the future is not just an investment whose prices have multiplied many times, but we also have to look at it from other sides such as technological developments, adoption, functionality, and other technical matters related to bitcoin. I think that's more important than just making high prices an orientation. Indeed everyone wants that, but what are the benefits if in the end bitcoin is banned? Moreover, from extreme market movements, bitcoin is known to be at high risk because of its volatility, it may become worthless in the future. If it doesn't meet your expectations, it means your future is ruined. So, let's fix this pattern of thinking again, always prioritizing logic rather than wishful thinking.

For 10 years of Bitcoins existence, its something to think that even we have another decade to come, bitcoin won't go that much. $50k this year? Or even the next 10years, I'd never think that it works.
Even we are so optimistic but we have to think also the reality, and that $50k is out from such reality. We don't need to fool people, besides, we need to tell them.what is the near possible scenario in the future.

Exactly, this is what my point too the price of crypto currency will increase only if there's a demand. But I don't understand how people are predicting the prices of BTC before halving many of said the value might go to all time high etc finally we saw the reality of what happened at the last moment, that's the extreme level of BTC.. so it's better to Invest wisely before the FUDs say.

And why is Bitcoin the future? Because somebody said "Bitcoin will reach a price of $50,000". It's more like bold prediction, not the real analytic. In most cases these predictions never come true. So your post couldn't convince me.

Regarding the predictions of John Mcafee bitcoin in 2020 will reach the price of $ 1M is not possible if you see the current movement of bitcoin.
The price of bitcoin is now still at $ 9500 which is still unable to penetrate the price of $ 10k, even to reach the price of $ 50k is still  not possible
this year was achieved. My estimate for 2020 is only $ 12k. But I agree with the title of this topic that bitcoin is the future, because bitcoin can be
a payment tool solution in the future, by using bitcoin as a payment then we are easier in conduct financial transactions. Only need a mobile phone
and an internet connection can already do financial transactions to various countries.

That is for long term prediction, do you remember when bitcoin's price touched $3500 a few years ago? I hope you still remember it.

You can compare with the current situation, bitcoin's price is touching $10.000 before that has touched.

That pointed out when you make a prediction against bitcoin's price especially for a high price then you'll know that the price will be touched for long term period.

Exactly I agree with you sir.
The future of the Bitcoin depends upon the adaptation of Bitcoin in each country.And these adaptation doesn't mean that government has legalized it so they adopted it. Adaptation of Bitcoin means all the sector in a country uses Bitcoin in some or the other way so that it increases the demand in people.And once this starts we can surely say Bitcoin is a future.

I have to agree with you claiming that Bitcoin is the future. I’ve been an advocate of Bitcoin and other cryptocurrencies in my local area. Despite that a lot are not yet aware about Bitcoin’s long-term potential, I do not hesitate in educating them about the real and positive use cases of the world’s first and pioneer cryptocurrency.

I’ve read a post that was publishes a couple of years ago that Bitcoin will replace fiat in this decade. As the economy have collapsed due to the COVID-19, Bitcoin, crypto and blockchain-related jobs are on the rise. We are expecting that Bitcoin would falter like stocks, but it’s the other way around.

The massive adoption of Bitcoin is slowly growing and it will never stop because of our non-stop advocacy and education to the misinformed people.

By the time goes by we are now adopting with the changes and one of these is the use of the online transactions which is a good thing because we can now make more efficient and effective way on making more faster payment and also it is good because less hassle the only thing you need is just to send the address or the number to your account and this is now done.

By having that bitcoin is making more changes because with the help of it makes more transparency more on the transactions which is the user sees the activity of their accounts. Today there is a lot of countries now accepting the use of the cryptocurrency because they know the potential of this coin to make faster and secure transactions but still, there are some might not because they are still afraid the use of it.

^ Bitcoin is future, this is a mixture of prediction and speculation for it was predicted by McAfee and because of a big investor will make bitcoin stable and become the future of exchanges. This may or may not happen because no one can foresee the future but the mere fact that people are trying to have a cashless transaction and bitcoins offers advantages like being decentralized currency then it might be adopted globally in the future if and only if bitcoin will not demise. Big investors like Novogratz will not secure the future of bitcoin for he probably just leave the crypto world anytime he wants by selling his bitcoins. Nevertheless, the price of bitcoin I really doubt will reach $50,000 this year for we have seen how the pandemic affected the bitcoin's price how slow it moved nevertheless it may just increase but only for a few dollars.

I was surprised that the OP used McAfee's baseless statement as a reference. Come on, don't be easily influenced by the bullshit from him. We must know, bitcoin was created not only for investment, but to solve other problems related to the conventional financial system that is problematic. As Pooya  (https://bitcointalk.org/index.php?topic=5248697.msg54440592#msg54440592)explained, high prices are only a byproduct, the main goal being broad adoption. Prices are increasing along with increasing market confidence, the more people know, the more adoptions, that's what increases demand.

We are just saying bitcoin is the future because we have it now don't make an excuse that it is a digital currency coz honestly there are a lot of coins that is better than bitcoin, beaten a hundred times. What I mean is bitcoin is in the ridge of the peak of its position any thing about bitcoin is uncertain, that's why we are taking advantage of it yet we are not wary of the danger it has.

Bitcoin price to $50k according to me is the speculation at its best. Almost half of the 2020 have passed and still the economies of every country is hurt very badly and I don't think people have enough money to spend on purchasing bitcoin as there are more homeless people than ever also countless of people have lost their job in this crisis.
I believe that bitcoin can reach this price point, but not in the recent future, but in 20 or 30 years from now.

There are handful of price predictions made on BTC for long-term but the price of BTC is constantly changing and monitored by banks, big whales and some financial institutions.

Crypto is extremely volatile and a risky asset no one has the power to say the actual price for where it will stand but BTCs dominance is increasing day by day which makes this coin very special and a coin to watch out for, to me the future of BTC is like a millionaire Jacket if you wait you will deserve it for sure..

Personally am just okey with knowing this technology and what it has achieved for the past decade, looking back at what btc price was in 2010 and what the price is at present is enough to tell us we are yet to see the end of it,
So far we have seen different price predictions and we are in second quarter of 2020, it could be that one or none of the price predicted for btc this year will happen, although I do believe the price will increase maybe not up to what was predicted.

The continuous journey of Bitcoin has nothing to tell where and when it ends. It was already in a decade since existence but the market seems too good to see. In fact, the price continues to grow but thinking about market adoption, not really that aggressive and many people we're still ignoring crypto and Bitcoin. Maybe we could say that Bitcoin as a bright future but I'm in doubt to see people widely use it as a form of payment.

This is the uniqueness of BTC. I really applaud the initiator, full of calculations and good strategies, as if BTC was made to continue to rise in price. This journey is not easy, especially to gain market confidence. So, this is the best gift for investors and early adopters. Many pros and cons, any decrease in BTC are considered dead, but the fact is that BTC still exists today. Its popularity continues to increase, technological developments strongly support the increasingly widespread adoption of cryptocurrency. BTC is truly an ideal alternative for the future, as an investment, trade commodity, and payment alternative.

down to $ 1 it won't happen again, up to $ 1 million is also not possible. certainly, no one knows the real contents of Mcafee's mind, what makes him dare to say Bitcoin will be priced at $ 1 million

I personally believe the price of Bitcoin will rise again but only up to $ 50k in 2021

With the bitcoin halving event around the corner, there will be less than half of the usual supply of bitcoin being sold on the open markets. As a result, "Assuming the demand stays relatively similar, the outcome of the event will trigger an increase in bitcoin price."

Sorry but where is your 'Personal opinion ' here?you only shared some links but you did not even bother giving your own opinion.

1$ million is close to impossible this 2020 and even in the next 5 years this wont happen so lets back to reality.

50$ is rather close as we have already in 5 digits value for how many times and waiting for 50k is not that far from happening.
we only need to have at least 700-800 billion$  Market capitalization to reach this value.



What?you have agreed in reaching 1 million$ but not sure what will happen this 2020?are you joking here mate and just breaking your own words?

Bitcoin will never fall 1$ and will never grow 1million$ this 2020 and that is 100% sure.