Bitcoin Forum

John macafee tweeted last month that bitcoin will hit 500,000$ in next 2 to 3 years whats your opinion about that? are u seeing this or not??

i don't think bitcoin can reach $500k, cuz 10 Trillion market cap is a lot! maybe will hit $50k, the only info that i know now is bitcoin will
reach $13k in Feb/Mars 2018  ;)

lol didn't he say he would eat a dick on live TV if it didn't? I think he's playing off some stats that the US economy will go into hyperinflation and then $100 2020 = $1 today and then I guess it could eh? lol (EG $50,000 / coin by 2020 and US economy goes to shit with hyperinflation) - I don't see it happening.

He's probably being pretty hyperbolic, but a lot of what happens in 2018 and 2019 will be a better tell of where Bitcoin is going to go by the time 2020 rolls around. If I remember correctly the next halving is supposed to happen by then and the rest of the happenings in the market will be the great indicator. If Bitcoin cracks $100,000 by 2019 then there is a chance, however very unlikely due to the amount of money required to push it up. If the market isn't very active and doesn't charge upwards over the course of the next few years, it might as well be a pipe dream at the very best.

lol u have set your goals. well best of luck with that :P

You have realistic targets and then you have this..

A lot has to happen for this to come true and 2020 is quite close actually..

hey, it's only an unbroken run of about $600 upwards a day for two and a bit straight years.

By 2020, the only realistical price of Bitcoin (1 BTC + 1 BTH) is hitting 10,000$. Very high likelihood in my opinion (75%)

He's just exaggerated with his claims that bitcoin can reach $500,000 on that year. The maximum possibility that bitcoin will be making it pump will be at $50,000 - $100,000 I guess or this is still too much by that time or the close one which is $10,000 - $20,000. Let's wait for him to eat his d.

then is he going to do that thing on national TV ? :P lol

I read about what the forecast for 2050. 2020 is too early. Impossible that in 3 years will be such a price. This is 120 times more than the current BTC price.

These predictions are only valid if they disclose they're not invested in what they're promoting.

People have forever been buying shares in things & claiming the price will go "to the moon" to turn their profit.

Its could be the most obvious when people promote gold and silver. Its almost like a pyramid scheme where you see ppl get in early and hope they can entice investors into raising the price for them with their "gold/silver is the investment of a lifetime" media marketing campaigns.

It's possible to Bitcoin but not in 2020 it will take some more years to reach that goal. I think in 2020 Bitcoin value will be more than 10k usd sure.

What is Bth? Do you mean BCH?
Why would you connect these two? BCC/BCH is completely separate and independent and its price isn't derived from the price of BTC.

THat said, I believe 500k is possible, although unlikely. I expect maybe $10k by 2019 and maybe (if we're lucky) it will double by 2020.

I think around 10 000$ per BTC is pretty possible, but 50 000$ more looks like fantastic. Bitcoin just can't raise non stop. One day the babble is going to pop, so I would not wait too long before to cash out my assets. Too greedy persons are loosing, I don't want to be a one of them.

what if it goes to this value and u cashed out before that???

yes it seems impossible

McAfee meant Bitcoin Cash, not current Bitcoin. He later deleted the tweet. He only referred to Bitcoin Cash as to Bitcoin.

The problem is, bitcoin will probably only be a digital gold, that's why the bubble will pop, it won't be used by people, but OMG (OmiseGo) will take over the payment systems.

If u want to make real money, u should invest in OMG.

what is special in omg?

Wow no, i dont think it can get that price in only two years, that is impossible.
Bitcoin has been quadruplicated in less than a year, so it has to be more than 1000x to get to that price.
There is not even enought volume to make it happen, so no, it can not.

Omise processes around $500M of payments in SEA area every day, they, together with Ethereum founders are building new wallet for FIAT & crypto and payment system with its own blockchain called OmiseGo. Every customer of Omise will use OmiseGo when it's launched (merchants, shopping malls, etc), that means first widely used blockchain technology by people that don't need to know what blockchain is. It will be a decentralized exchange and wallet for every crypto and FIAT. If ethereum had 4000 % run, you can expect even more with OMG. Do your research about this, this is gonna get big. Every crypto personality including major crypto developers is already involved in OMG, but the market will only realize after it booms another 500 %. A lot of people went all in from Bitcoin to OMG because this is huge.

Bitcoin is digital gold, but the real payment system is yet to be developed.


This is the guy who predicted success of Ethereum, now predicts OMG.
https://pbg-assets.s3.amazonaws.com/editorial/pbo/201708/20170817-pbo-monthly.pdf

Anyway, read OmiseGo's reddit, twitter, read their website, get some info.

There is literally nothing with greater potential in Crypto market now. It has potential to rule the crypto world. It will also be proof-of-stake (like Ethereum, Vitalik, the founder of Ethereum is also behind OMG), so if you have enough coins, you will be able to passively earn some good money in the future.

I would like too... He has quite the bet going lol.

I  think  15 000$ per BTC is pretty possible, but 50 000$ more looks like dreams . Bitcoin will be 50000$ sometime ,but not 2020

Yes a typo, I meant BCH. Bitcoin and Bicoin Cash is connected because basically every Bitcoiner has Bitcoin Cash as well, and the distribution is basically the same. One Bitcoin has small blocks and very likely just ends as Digital gold for investments, while the other Bitcoin aims to be more like Cash where more people can use it, thanks to bigger blocks.

What is the difference between OMG and WAVES? And between OMG and TENX?

Agree. By buying now, a good target is 5 figures by 2020 or 2021 IMO.
Personally I am fine with keeping bitcoins until 2030, a lot can happen, it could disappear or reach 6 figures. 100,000 by 2030 is what I am aiming for.

Exactly. Fix the title OP. He doesn't care about bitcoins , he's trying to say that BCH/BCC will be 500k. It very well could be ONLY because he and Roger Ver are the only idiots buying out as many as they can and lots of people are just HODLing so they don't sell the wrong version of bitcoin! If you're educated on bitcoins you know what to do. If you don't then good luck! Just hold both. I thank them for the extra (real) bitcoins I now own.

The prediction from him was 500k for BCC and 2400 for bitcoins. Just an FYI. Kind of a screwed up thread for sig spammers that don't actually understand what's going on.

Wrong. He said that before the hard fork to BitcoinCash, so he was clearly talking about Bitcoin. If I am mistaken please post the link where he clearly said that BitcoinCash will be $500,000 and Bitcoin will only be $2400.

Very funny ,500000 dollars in 2020 is impossible. It may reach nearly 15000 dollars. But definitely not 500000 dollars. For bitcoin to reach that price it may take nearly 30 to 50 years in my opinion. Its the same for bitcoin cash too. By that time bitcoin and bitcoin cash , both will be popular among all nations of the world.

fk off cant up that much but for sure wil bee +10k

Upon reading previous post, So it's bcc/bch. Now, that is the most unrealistic price prediction i've ever seen. What makes it more unrealistic is that, it will overtake bitcoin in just 3years from now and that is very high to reach in just 3 years. Even btc can't do it then how come bcc/bch.

Yeah, and he said he'd eat his own dick if he fails. It is really as ridiculous as that.

Not sure where he was going with tha prediction. Maybe he held bitcoins and just wanted a short term profit knowing that nobody would force it into doing what he promised since it's going to be ugly af if it does happen.

$500k could be possible if fiat all of a sudden collapsed. That's for sure. But if it holds even just 10% of its value in 4 years time, i doubt it. The price is already over par at 4k, $500k is just unthinkable.

If that`s gonna happen a lot of people here is going to be a millionaire, it is safe to say that 10K is reachable in 2 to 3 years if the uptrend continues bitcoin is growing exponentially every months, the possibility of reaching 500k can`t be done in just 2 to 3 years.

I don't take this a serious prediction at this moment, he might just getting things a little loss from hard day of work. And make a prediction in a light mode of conversation to make fun of it and I know he feel much exaggeration as he speak or tweet about it.

I still do think that the prediction of John Macafee is a bit too high,because i really do not see that happening in three years time,but in the long term anything is possible,for those valuations to be true the price of bitcoin should rise $495,500 more in the next 28 months which is highly unlikely. We could see a realistic price around $20000 other than that it is just a fantasy price. ;D

I think that Mcafee is more optimistic to tweet like that.Its really a very high price for bitcoin to reach within three years.Bitcoin price is $4081 today and we could expect bitcoin price to reach $5000 by this year end.In november,some expect another hard fork and we don't know what would happen at that time.So,by 2020,we could expect a price of $20,000.

That is not going to happen it is simply too high of a price to be reached that easily almost all the economy will have to move through bitcoin for that to happen and the chances of that happening are zero.

I agree or not, it will not change the future price of BTC (at least I hope so).

But 500k is really a lot, it can be achieved with a mainstream adoption to everyone's daily life, and it will not be that quick.

50k though, can be achieved with investors only.

I don't think there's enough time for it to happen

$500k would be a heck of a rise which i don't think that we will see right now. To achieve that kind of price level, you would have to have more than 100x rise when btc has already risen by 10x this year. It's just too much to demand.

Honestly this is more of a publicity stunt than anything else. You shouldn't believe everything that the media spoonfeeds you.

If somehow mainstream adoption was achieved in the next year, then it's an achievable claim. But otherwise, as i said, probably not going to happen.

Definitely no, If you do see on the speculated amount its somehow impossible to reach out that price range in a matter of 3 years as of now. $500k is too much and its hard to achieve and the marketcap would really be huge if that would happen and i do see its really an unrealistic thing to consider.And im little bit excited on how mccafee would eat his d*ck in front of the public if the price didnt reach on the amount he said. haha

Nope, it is only 125 times the current price of 4000, anyway getting to that price is impossible, that is not even a prediction that is a wild dream that is not going to happen.

500,000 dollars is very high amount and i think it will not happen even you wait few years or for lifetime . Because if that happen for sure the whole world use bitcoin before reach that and thas very impossible . I think the highest price of bitcoin is 20,000 to 30,000 follars . But everything will possible to happen in this world and for sure if you have a lot of bitcoin to make a lot of profit . More bitcoin is better.

maybe it possible that bitcoin can reach 500.000$ in 2020, if john macafee got more investors to invest in Bitcoin it maybe, but i think it will never happen in 3 years from now.

Maybe he and his billionaire friends are planning on pumping billions of dollars in Bitcoin and make it rise to more than $500,000 per Bitcoin. I believe that will be a better outcome for him than eating his own dick on national television. :D

I appreciate his optimism but i don't think it is going to happen.

Honestly, if would shock everyone, even the biggest bitcoin fans if it happened.

He actually made the prediction when the price of bitcoin was steadily rising on a day to day basis, and i think that's what has mostly influenced him to say such an outrageous thing. Obviously, he did not consider that growth will ultimately slow down. There is nothing on this world that can sustain 10% per day gains, without correcting itself in a major way. I see a major correction happening next year, which will slow us down quite a bit.

So sorry Mr. McAfee.

I think 500k is too much is such small time.
We just need more time  ;)

2027

It's impossible but $ 100rb is reasonable based on Harvard University who calculate bitcoin graph on year 2020 on Feb
Althought nothing is impossible but everyone still have faith on bitcoin for example Japanese and South Korea legalize bitcoin for their transaction need

I don't think it will reach 500.000$ in just 2.5 years of time. But I believe it will hit 50k$ tince 2021. And people will actually start to think bitcoin can hit 500k. I am waiting for 2020 sitting on my couch.

It would be great and amazing, but to go to $500k in such a short time from now just seems crazy and impossible. But then again, way back in the day, saying Bitcoin to $100 seemed crazy and impossible...  :o

Anyway, I would be ecstatic if we even got to just $10k in 2020. $500k, $100k or even just $50k? That would make me explode.

McAfee is clearly getting the wrong meds.
In another tweet he added that he is going to eat a part of his genitals live on national television if his prediction is wrong.
How serious can you take such a guy?? Exactly...

Lets simply take one step after the other and have a look how this whole November fork situation will turn out.
After that it will be more clear in what direction we will be moving.

$500k in 2020 is absurd and there is zero chance of that happening.
I think there is a decent chance of bitcoin being $500k in the future, maybe in 10 years.

I think $50k is very likely for 2020. But ten times that no way!


People estimate there are on the order of 10 million people with bitcoin now. So if we get over 1 billion people with bitcoin that could put btc in range of $500k. Is bitcoin gonna pass a billion people adoption in 3 years, I don't think so.

Being a positive thinker as that, that is too much. It's good to hear someone opinion that high on trusting bitcoin value but that is totally wrong when it will not touch on reality. 2020 is 3 years from now so it will only be just 300000$ below. That is what I believe in.

i think its too soon to reach $500,000 in 2020 because we know bitcoin price is too volatile especially for now we have bch that trying to increase like bitcoin. we need to break much higher price before we can reach that price and its need more time before we can go to that price. but i am sure that many people including me that agree if bitcoin price will reach that price.

Noone should pump bitcoin with huge amount of money , it will increasing so high anyway.
If you really don't believe on what the master of programmer predicts , then just hold a little bitcoin for at least the next 3 years.
There's no harm and let's see what will happened , mcafee stated that of course with strong reasons.

Nope, it is not a matter of getting more investors is a matter of the whole world economy running through bitcoin and we are not even close of that happening so that price of bitcoin is not going to be seen at the time frame he established.

I agree that $500,000 seems way too high at least for 20 years or so. There will most likely be gains but probably a more gradual increase with some corrections along the way.

There needs to be more adoption by businesses and big investors before the price will really take off. That's going to take years and will be very gradual.

$ 500,000 is just a number, it can be achieved in less than 20 years because in the next 5 to 10 years I believe there is a big company that will make bitcoin famous.

First of all, bitcoin doesn't need any big companies to make it famous. It is decentralized, and by definition it does not need a central entity to promote nor sustain it for it to survive and thrive. Yes it would be good to have some big companies to back btc but it's not necessary.

Second, $500k is indeed just a number. Fiat is going to inflate in the long run and bitcoin is not inflationary. That means that intrinsically bitcoin is only going to go up in fiat value as time goes on, and mass adoption takes place.

However, John Mcafee seems to think that mass adoption can happen within just 3 years. I don't think this is likely.

Spot on.

Mcafee is completely right to be bullish about bitcoin, in fact i think he is one of the only big names outside of crypto that supports the growth of bitcoin publicly, and is willing to take a bet on it.

However 500k is just way too big of a number to achieve in 3 years. It could happen but i do think that he is being a bit overconfident with his predictions. It's probably not going to climb all the way up, but rather in stages and gradually, with a lot of corrections that can't be avoided.

But still, prove me wrong Mr. McAfee. It it does climb to 500k then i'd be more than happy since i do hold btc as well.

Exactly. He isn't even considering how hard it is for us to move up by $1000, and he's already thinking about $500k. I mean it's good to talk about the long term but 2020(3 years time) isn't exactly long term.

I hate to say it but, i don't think that this is likely to happen at all. The price has risen a lot and in between halvings there is usually reduced economic activity within the bitcoin ecosystem. $500k per bitcoin would be a whopping 8 trillion dollar market cap. Something that i think we'll achieve in a few decades time when btc goes mainstream but definitely not now.

I think that we'll all be entertained by him giving himself a nice BJ on national television, though. We'd all be entertained by that.

I think it might reach $50,000 at some point in the next 5-10 years. But no, $500,000 is insane in my opinion.

Let's march for $5000 at first, then we could start thinking for a 100x over it but not possible in the next 3 years because it takes a lot of volume as well as fiat in order to move the markets towards where we want it to be. $500k is not crazy but the bet that the guy made was, absolutely. We should be prepared for newer ATHs that are going to be seen but should really not expect such extreme volatility in the markets which could drive it away to the said point.

I didn't know John MacAfee married a hooker who appears to be even more out of it than he is.

https://www.youtube.com/watch?v=zxuxNFtsrCU

Good luck to the pair of them anyway. I truly wonder where his life will head next.

With a fee of BTC0.002  ::)

Amazing future for Bitcoin  ;)

No way, 2020 is two and a half years away. I don't know what should happened so that bitcoin can raise in value so much. I have to agree, it is my opinion too, that we could easily see bitcoin price at 10 000$ in that time. 500 000 sounds to abstract, to beautiful for everyone that saves bitcoin and I know that it's just to good to be true.

No , i don't think so because this date is close and the current price is just a little above 4000$ so in just 2 years and half i can't imagine that the price will highly rise to reach $500k, it is almost impossible.

I do not think we are meant to take this prediction literally since there is no way for bitcoin to have that value, I think this is just a declaration of a sentiment, he feels bitcoin is going to be very valuable in the future and in that he is not wrong.

I think the chances is near to zero, to reach that high it need so many people to actively used it and when the price is too high people tends to look for another coin to invest, I do hope it can reach untill 500k but I think the best it can reach is 100k when 2020

I do believe that bitcoin will go as high as $500,000 based on what is happening in bitcoin market. I believe that before 2020 bitcoin has gone mainstream and that is what will multiply bitcoin price *20 or even 30*. Macefee prediction may come truth as many people are daily become knowlegable of making money with  bitcoin.

He seems to be completely serious about this, even if this was just a publicity stunt i think that he does mean what he say. He isn't just throwing $500k around as an arbitrary number for bitcoin, he is giving that figure as a target AND he is giving a time that this is going to be achieved as well. I doubt that he's merely demonstrating that he is a supporter of bitcoin, as this would be a rather idiotic way to do it.

Usually after the pump(which is now), there is a few years of bearish or sideways movement in the bitcoin market.

His date of 2020 falls on a halving which could potentially bring bitcoin back to the price right now or even above($5k), but $500k is 100 times that figure.

But talking seriously we wont really able to reach out that price range on 2 years time as of now we might see above 5k but talking on $500k its not really possible and i would say his confident and beliefs on bitcoins potential is too high but well its really achievable but i would say it would really takes decades on where also comes to a point on which bitcoins is already being max adopted worldwide.

until the time is not done yet zero chances can be change too, bitcoin already surprises most of us guys and if ever a big big billionaires invested money
and try to hold every bitcoin that he can have maybe that will be the time that bitcoin price will go there since its controlled by little numbers of players.

Even if it goes mainstream i don't think $500000 is a realistic figure to look at right now.

I'm not sure whether McAfee was high when he said this or he just genuinely believed in bitcoin. If he genuinely believed in bitcoin then great, i have nothing against that. However he should really consider what he says before he actually says it to millions of people publicly. He is making bitcoin sound like some sort of magical investment fund that pays off everyone who invests in it, which isn't exactly what bitcoin is.

Anyways, $500k is way more than 20x the price. It is more like 120x the price, which means that mass adoption HAS to happen before this sort of price level can happen. So either a) hyperinflation happens, 500k is worthless anyways or b) everyone decides to use bitcoin in 3 years time, or at least the majority of people on earth, which is highly unlikely.

If that is the case then I do not know what to say since it is impossible we are going to reach that price in that time frame, I’m not even sure we could see that price in the next century.

Well yes given the long term horizon of 5 years I see btc may be somewhere above 25000$ or so. But in couple of year 500000$ is weird considering the altcoins coming in market are also started to capture a bit of market. And the pace at which technology is changing in next 5-10 years there would be something new and better than btc may come up which will eat away btc market if people like that thing more. So price may drop at that time.


But if it reaches this mark by 2020 everybody who owns it will be super happy .

Can't deny it completely. Everything happens with regards to the growth in the users as well the market acceptance. Bitcoin is a surprise to the people who are into it. Everyone were just speculating about $2500, but in unexpected time the price pumping took place in multiples of $10000and reached the current price in a short time period. Hope the same can happen in the future years too.

Not yet, we are going to tank.. and hard.. but we are going to the moon..  Make sure you are ready for the rough ride.

So short it. Or are you not THAT sure?

John Macafee claim of $500k by 2020 quite possibly can become a reality. The reason being the availability of huge potential market which with increased awareness recently has started being targeted. Bitcoin has the potential to target Billions of internet users if advertised or propagated properly. With some millions of users (<100 million), Bitcoin already reached $4k. There is a huge chance that with some 100 millions users, price would touch $500k.

I do not think it will get that high unless they do something to lower with the fees for transactions.

Yeah that price is unreachable I do not think we are going to even get to 10% of that price I think a range between 10000 dollars to 25000 dollars seems a lot more realistic to me.

Sad to say but that's quite impossible for that short period of time. Two to three years I think, won't be enough for Bitcoin to reach and amount of that high. But I'm not saying that Bitcoin won't be able to reach that. Maybe in the future, Bitcoin will be able to be priced at that high, but it will take more years for it to happen. Hoping that Bitcoin will be more successful in the next years to come.

He is shilling his position like everyone else.

Yes I agree with your point. Since the price of bitcoin is raising day to day.Yesterday the price of bitcoin is around 4300$.Today the price is crossed of 4400$.Tomorrow it may reach of 4500- 4700$.Then sure bitcoin will go to 500000$ in 2020.That's the power bitcoin has.

It's totally ludicrous to believe it would happen, but I think it can happen and there is really no stopping bitcoins from reaching said amount. It may be high as fuck but who knows it might reach it. We just need a lot more adoption for it to happen. That's three years away but if the growth of adoption grows exponentially each day then it could be possible.

It's too unbelievable. 2020 is not so far indeed, just two years and three months. 10k$ seems more realistic to me now, but bitcoin has surprised many of us already, so maybe in two years new surprises are waiting for us.

Just tell me, how will it go to 500,000$ in less than 3 year? Do you or John Macafee see dreams? There is no way, I even doubt if it will reach 10 000 in 2020 year. It's not mother nature to happen something magically suddenly. For me every person who says that bitcoin will reach 100,000$ or something similar, is just dreamer who knows nothing about bitcoin and crypto world. Then if anyone believes btc will reach 500K, sell your house, get max loan and buy bitcoins immediately, you will be richer than current USA president.
Please be realistic guys..

10,000 by 2020 is perfectly reasonable and reachable if we look at the history of bitcoin, it is not a crazy prediction at all. 10,000 could very well be reached by 2019 I think. My guess is that Bitcoin will see its peak in two or three years, then many investors will sell at 10,000. Bitcoin should remain between 8000 and 10 000 for a while in 2019.

500,000$ is so insane thought and we can't really expect that to came easily since bitcoins are not a ponzi coins which no downs like The billion coins introduce to there fool supporters but the decent way to speculate for that month to came is maybe lesser more with that and maybe 10,000-20,000 will be the decent numbers for this to come by 2020.

The main point John Mcafee is raising is the potential not that he knows absolute values at that date.   This exact price is unlikely unless US dollar suffers the loss of its status as the world main reserve currency.    In that scenario value drops substantially allowing the nominal price of bitcoin and many products to rise, value then will not equate to a 2017 figure $500k

i agree with the fact that bitcoin will go to 500000 usd, but i cannot say it with the time frame, since we cannot tell what will be going on before 2020, i think if all news we receive will be positive, i think bitcoin might hit the 500000 usd mark, however we cannot say it for the bashers of bitcoin, since they will always capitalize on the negative news that they will hear, just like what had happened during china's banning of bitcoin, we cannot tell if another scenario might arise, but for sure, bitcoin can overcome it over and over again. i think he said that, probably because of the fact that a lot of people are already accepting bitcoin and some are even creating their own crypto coin, hopefully the run will still move smoothly for bitcoin, and in that time bitcoin  had reach 500000 usd, it is already considered very high and hopefully for us, we already have a lot of bitcoins with us, since we cannot control the rise of bitcoin. his statement will surely bring light to all those who sill don't believe in bitcoin, since it shows its legality and legitimacy.

2020 is a very short time for bitcoin to go that far. That is a crazy prediction and  it doesn't have any solid basis to support that statement. I know that bitcoin can go up even more but no one knows on how much value it can  reach. It's unbelievable for now but we know that these types of news attracts more users and investors of bitcoin which will help it to skyrocket.

lets see what happen till 2020 as its been 3 years to that time. May b it reached there if bitcoin is adopted as world currency by all countries and no banning occur as China did that in this year. Such bans will effect the growth of price of bitcoin but it will continuously grow with time as this cannot be regularized.

Ok let me lay out my opinion on this, first it is possible but the chances are very very low, and to support the posiblity, my reason is this, if corrupt politician all over the world will recognize bitcoin as their bank from the money they corrupted from the govt. Then 100$k is possible, politicians will be untraceble from their corrupt money, their asset will be hidden frm public

I dont think price of bitcoin will reach 500k dollars in 2020 or even after fee decades it will not happrn because that price is very high and I think it is very impossible. Maybe the price become 50k dollars and thats the highest price of bitcoin so if you have a lot of bitcoin you can earn a lot of profit in the future. But it depends on the demand on the market if the price decrease or increase.

How can anyone ever be THAT sure? 2020 is a very short time for bitcoin to go that high, and, even if, theoretically, it did, then it would be for a very short while, due to an overbought trend, and will start dropping like hell, that too very rapidly. It would become very unstable as a currency which would result in mass decline, so I think that it better not go anywhere near that value in such less time, for it's own sake. A gradual, slow rise is much more beneficial to itself.

Even though we cannot predict the future but I feel that is quite a very huge amount in the next 3 years. I cannot imagine the level of adoption that will cause such a huge spike in just that few period no matter how huge investors pull in unless of course we have the whole world trying to rush in at the same time, so as to have a little piece of the cake before it stabilizes a bit and that surely will be a massive growth.

So you are seriously saying that the price will be half million dollars in just three years? well.. good luck with reaching that goal, i think that if the price gets over $15k, then we will really be in a bubble that is going to explode, and you are thinking about seeing bitcoin at 1/2 million? this is insane, how do you think it is possible? the market cap would be huge if that happens.
Just do this math: 21.000.000 x $500.000, and this will give you the answer (obviously impossible to happen)

I think that's quite impossible for that short period of time. 3 years won't be enough for Bitcoin to reach that huge amount. Maybe if 10 or more years and when Bitcoin is already legal to most countries, that value would be reached because the demand will definitely be high when that day come since it will be used by more people in daily transactions that will make the value of Bitcoin more expensive.

While a $500,000 price is eventually possible certainly, it's not gonna happen in 3 years. If global adoption happens (billions of people using bitcoin) and it becomes a major asset class for investors then $500k is definitely in the realm of possibility. But in 3 years I think $50k is a much better prediction. I expect bitcoin to just pass $50k by the end of 2020. $500k maybe in 2030 if bitcoin has been globally accepted.

In 2020 could be yes. Because, when maybe true technology has spread evenly in various places. So, bitcoin has no such restrictions. So for value $0.5M very possible to reached.

It's hard to take McAfee seriously when he is pumping so many shitcoins. However, looking at fundamentals of Bitcoin, it's entirely possible that Bitcoin could reach a few hundred k in 2020.

It will if bitcoin raises in value and usd loses its value at the same time. Second is already a fact as inflation push prices up, thus 1 usd is worth less now than 5 or 10 years ago. But bitcoin needs also to raise its value. Possible, but we need to find a quick solution to network congestion and high tx fees.

$500,000 is too high for now but it could happen if the spreading of bitcoin is every country and the government gives permission for cryptocurrency for being used by free. we still have two years from now and if the price increase higher than the highest price in the last time we see, then our opportunity to see the price increase high is wide open. I guess every people could make their own prediction about how high bitcoin price will go in the next year.

because that's his pridiction to the BTC. we can not do it. my opinion is better if so happens but we can not tell if the BTC is down. but thanks to his opinion because we have all the courage to continue investing in BTC and other coins and token.

Although this post is pretty old, there are still people who are talking about abnormally high Bitcoin prices. It seems to me BTC will never reach this sum, and it will cost this year maximum 25K.

Not only John Macafee has his owns predictions there are other people who have their own. I agree with you whoever has their own predictions many of us got the courage to invest or buy more btc. It shows many users that are currently believes on what bitcoin may offer.

I think the title of this thread should be changed to  'Is John McAffee going to follow through with or reneg on eating his testicles?'

I think he updated his bet to 1000.000
I rather not witness a guy eating a dick tbh.

I was full of positivity when I heard that in December but now it's funny because everything turned 360° and that $500k looks foggy now but don't get me wrong because I still support bitcoin and it's just now is not the time to talk about it.

Nothing is impossible. But that price is too high unless all of these countries will support and use bitcoins. Yeah the price of it will increase but in the next 2 years, hmmm make it 10 and maybe it will reach half of what he said. John Macafee is not our God nor a Saint, so dont mind him.. Just keep on earning and saving bitcoins and by the time it reaches its peak value then sell it.. For now, just earn and hold it.

This is an interesting claim honestly. I didn't think about this much prices first, but I changed my mind after I saw bitcoin price rally took place last year. Bitcoin can make anything on the global market.

He never said anything about his testicles I think. And maybe he didn't meant literally "eating" it but just doing a blowjob to himself instead in national TV. Most probably that is what he will do.... if allowed.

Unless the whole world enters some kind of economic debacle I find those prices to be outside what I could consider possible, if we reached those prices then almost everyone here will become very rich but we will need a massive bubble for that to happen.

Yes it is we will became rich if the bubble will continue to strike but its so hard to convince all of the people to enter this scene since theirs so many people who still thinks negative on cryptocurrencies especially with bitcoins and surely government will rule the cryptoworld if they can see that their fiat will be dominated by the coin whos floating in digital world.

I don't think bitcoin will hit $500k. It is so high. There are so many countries that are banning bitcoin or regulating it. And this factor can affect the price of bitcoin. But if bitcoin will reach that mark. Then so be it.

Maybe he predicting too much high value and it is not possible to reach 500,000$ in two years time, even there is a huge growth in the market but at the same time market value should also increase, in order to increase its price.

$500000 is more possible than many people think here. Bitcoin has free nature and limited supply, if only we could make transactions faster its price will skyrocket to 50k or even 100k quite easily. Mcafee is bit weird but he may be right.

it seems very unlikely and very difficult to happen because the rise in bitcoin prices is not just because of john macafee but bitcoin increase also there must be technological developments that use bitcoin, because the increase of pure bitcoin in because of the very high demand.

After such a deep correction of the price, I'm sure that bitcoin will not cost $ 500,000 in the next 2-3 years. But in some years maybe 5 it can cost like this!

That is just a fantasy, we all would like a price that high but we need to be realistic the chances of that happening are low and I'm being generous because there is a big chance it is completely impossible, now if bitcoin did reach that price then I think the lives of many people in the forum will change dramatically, even having something as small as 0.1BTC could change the life of someone living in a poor country.

There's not too much stopping bitcoin from reaching such levels in terms of feasibility but in reality I don't see it happening. Bitcoin will face many more difficulties as well as competition from newer and probably improved cryptocurrencies. In time bitcoin will have to share the market cap with many others and won't always be so dominant. We've seen already its share of market cap has fallen over time and that will surely continue down towards the single figures. Given that, cryptocurrencies would really have to grow immeasurably for the price to go so high.

All these new coins won't have any grassroots movements like Bitcoin had and therefore grew out of an idea by people with a vision of freedom and financial sovereignty!
None of the altcoins is having this!
That's why they are all in some way centralized or have some obvious governance model.
Bitcoin is in a very unique situation. And if it should fail there won't ever be any coin like that again.
This is the chance we all have waited for. It's Bitcoin!! You can not just replace it as you think.

Not even in next 5 years this is probably possible. The person who stated this is either in a deep dream or gone mad. Value this big is so huge and kind of a dream, I accept but a dream which will always be a dream. I think it will never go to that height, $50k-100k would have been still believable, but after the recent crash it seems its tough, and might even take years even if it happens.

100-120k easily, but 500 is a stretch. In fact, Bitcoin may never reach any new hights, and hover forever around 15-20k, that's also a very real possibility.

Even experts can't really determined bitcoin's price in the  future since bitcoin is very volatile. You can expect that it will rise because of its volatility and demand, but i don't think a 500,000 dollar if realizable within that year.

You're right that bitcoin is very unique in its sentiment and the idea behind it. But from a purely technological point of view it could easily be surpassed in the future. At that point it's a battle between the idea of bitcoin and the usability of other coins.

Note that he doubled down on his prediction, now the target is $1m.

It is perfectly possible.

That's how market economics works!

Magic... Pure magic.

This is the kind of post bitcoin haters hate bitcoin more. Whether McAfee's claim is true or not, bitcoin's market cap and price are already expected to rise more than it's highest price mark at 20,000$ last year.

I don't think the price of the bitcoin will hit 500k dollars because it is very unrealistic and very impossible to happen. I think 50k -100k dollars is the highest price and we don't know when it happen maybe after few years or it not happen.  Because if the price increase again at $20k it's hard to increase more it takes time to increase again.  But everything is possible to happen so always be prepare of what possible price of the bitcoin.

Firstly it is possible but how come that if he can rightly predicted it maybe with a mathematical analysis but its very hard and if he agains proves it or near with that it will definitely a big name again for every call or prediction that he will made.

For it to happen the whole world should know about bitcoin, i mean not just the elite but common people not just the rich but the poor also, 500,000 is to ambitious but its not impossible.

In short I agree the old Bastard is right.


We are going for 6 digit figures for sure.


And even if its not 500k and its 250k whats the difference for investors of 2017-2018.  ;)

The cryptocurrency market is very unpredictable to write off the $500k prediction and 2-3 years is a lot of time anything could happen considering  the continued interest coming from people all over the world I think this could happen

The higher the price is, the less hard it becomes to have the price increase further. It may sound weird, but it's a fact. The main thing is that throughout the years, the number of on-exchange coins has decreased dramatically, which heavily contributes towards a market that gains more value, and that in quite a short period of time. Institutions taking long term positions in Bitcoin, people are more willing to hold their coins for a long period of time, the altcoin market that has boomed big time, more people using Bitcoin as store of value, etc. Bitcoin's utility has never seen this much actual usage. If we take things to the next level, then funds based on actual coin supply will take even more coins out of circulation, it's pure madness. Take into consideration that the block halving is not that far away anymore, and understand for yourself how scarce Bitcoin actually is.

Everyone will be happy if that happened since suppose even the person with the least amount of bitcoin in the forum will benefit greatly from such a price increase but being realistic it is almost impossible to reach a price like that at that time, I will be content to just reach 10% of that number since 50000 is a huge amount of money in my country.

If this thing happens many bitcoin holders will be very happy. Anything can happen. But i don't think bitcoin will reach that high in a span of only 2 to 3 years.

250k?:P The problem is not the price since bitcoin has the potential to reach almost any price since it can become a substitute to all the fiat of the world the problem is the short amount of years in the prediction, if the prediction was in the next 50 years then I could think there was a chance it may happen but in 2020? That does not sounds possible.

Mcafee actually said 1 million usd then and that he'd eat his dick off if that doesn't happen. Probably a novelty statement. Though there's nothing to disregard when it comes to bitcoin, that for me is way out of proportion. Best not to take it that seriously