John McAfee: Bitcoin will go above 500k $ in 3 years

[Iranus]

Archived the page.

If you want him to eat his dick on national television in three years, come back to this thread and don't forget to thank me.

I love how he gives loads of vague terms related to "math systems" and doesn't actually explain what they are or why he's using them to suggest that Bitcoin will have a completely ridiculous price.

Maybe he's joking?  

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[webcrypt]

https://twitter.com/officialmcafee/status/887012614131372032

He acceptes bets about it...

Sounds like he has a lot invest in btc and is getting nervous watching it slide down.. He is getting lots of bets.

McAfee has a massive ego that doesn't mix well with investing. He also bet on the US and the usd collapsing, built a compound in the Belize jungle and then came running back when the locals started pillaging him.

[LFC_Bitcoin]

500k is 3 years, hell yeah, that's what I'm talking about - I personally think it's unlikely but I won't be complaining if it comes true

[The One]

Well exponential growth can make this happen, you cannot predict what will happen. In terms of exponential growth, 3 years is probably not enough, but 5-10 years things can change enough for BTC to explode into a ridiculous price overnight as more and more useless fiat money enters the capital B blockchain, specially when bond market collapses and gold continues to underperform a lot of trillions will come.


Of course this is assuming big blockers don't keep ruining the price.

McAfee is a big blocker and he is predicting $500k.

[macartem]

$500k in 3 years, that is by far the biggest Bitcoin price prediction , I don't believe there

[avikz]

https://twitter.com/officialmcafee/status/887012614131372032

He acceptes bets about it...

Well, he is speculation and investing in bitcoin since a long time now. I remember, he also proposed a plan about a 10 PH/s mining farm earlier. However, the price he mentioned about feels like over speculating and over valuing bitcoin. Because to reach that price, bitcoin market cap should be more than the GDP of USA and that is really tough to happen.

So I am not believing that bitcoin will ever reach that milestone, but yes, bitcoin will go up much higher than its current level for sure. So whoever is planning to invest in bitcoin, please start now or else you may loose a bit from your future profits.

[passwordnow]

Hes trying to convince other investors to get in already. As halving will take place by that time, its very possible for the increase but $500k is really far three years from now. I'm guessing it can be $10k-$20k by that time.

[jorneyflair]

https://twitter.com/officialmcafee/status/887012614131372032

He acceptes bets about it...

Woah, that seems to be a little too much for me. Bitcoin right now is at 2300 USD and he expects that the price will be 500,000 in 3 years. 3 years equals 156 weeks. If this was to be possible, bitcoin would have to rise at least 3000 USD a week, which is 350 a day. Seems pretty impossible in my opinion. I feel like he is really over valuing Bitcoin and this seems impossible. Maybe after Segwit, if the price goes up, then Bitcoin will have a chance of reaching 500,000 but right now, there is zero possibility of Bitcoin reaching that high in even 5 years. Maybe 10K in 3 years will be possible. 

[eindbaasje]

All those 500k bitcoin dollars have to come from somewhere?

I don't think this can come from a few million small investors.
There have to be hedge funds, private equity managers and some serious (scared of the dollar) billionaires in play to get it to go that high.

[HaXX0R1337]

Looking at it now,it is a crazy bet,but who knows what the future will be,but in three years it is impossible,but down the line we could expect these sort of valuation five or ten years down the line,for that to happen we need big investors investing multiple billions or trillions of dollars into bitcoin to see those valuations.

[Wesimon]

From all the bitcoin predictions I've seen, his prediction on bitcoin going 500k is the highest. Seems like he is very confident about it having bets on this. I am confident that bitcoin will soar higher but who knows how much it will be.

[TryNinja]

https://twitter.com/officialmcafee/status/887012614131372032

He acceptes bets about it...

Woah, that seems to be a little too much for me. Bitcoin right now is at 2300 USD and he expects that the price will be 500,000 in 3 years. 3 years equals 156 weeks. If this was to be possible, bitcoin would have to rise at least 3000 USD a week, which is 350 a day. Seems pretty impossible in my opinion. I feel like he is really over valuing Bitcoin and this seems impossible. Maybe after Segwit, if the price goes up, then Bitcoin will have a chance of reaching 500,000 but right now, there is zero possibility of Bitcoin reaching that high in even 5 years. Maybe 10K in 3 years will be possible.

Bitcoin will rise. But this "prediction" it's just nuts.

And worse, he's not even talking about "the Bitcoin". But of the altcoin that Jihan is creating.

Now we just need to figure out which TV channel will be brave enought to accept his little apparition on national television.

[bit1]

https://twitter.com/officialmcafee/status/887012614131372032

He acceptes bets about it...

Woah, that seems to be a little too much for me. Bitcoin right now is at 2300 USD and he expects that the price will be 500,000 in 3 years. 3 years equals 156 weeks. If this was to be possible, bitcoin would have to rise at least 3000 USD a week, which is 350 a day. Seems pretty impossible in my opinion. I feel like he is really over valuing Bitcoin and this seems impossible. Maybe after Segwit, if the price goes up, then Bitcoin will have a chance of reaching 500,000 but right now, there is zero possibility of Bitcoin reaching that high in even 5 years. Maybe 10K in 3 years will be possible.

Bitcoin will rise. But this "prediction" it's just nuts.

And worse, he's not even talking about "the Bitcoin". But of the altcoin that Jihan is creating.

Now we just need to figure out which TV channel will be brave enought to accept his little apparition on national television.

I didn´t  know he meant about that altcoin, Maybe it was a joke then, And can´t be taken seriously that statement, In the other hand, He has declared that he is a miner so I do not rule out that He can be in favor of the group that seeks to take over BTC (Better understand yourself, J.....,B.S....) to mention only two, Neither I do not want to say that all the miners support that group. Anyway it is not good to make projections too high as in this case since it creates false expectations by calling it somehow.

[Kumo77]

Sounds like a longshot, unless the USD undergoes some kind of hyper-inflation, which is not likely.

Someone ought to mail McAfee a hotdog bun and packet of mustard in three years.

[xskl0]

I think 1 bitcoin will have a value of 500k usd in 3 years too

[pooya87]

people usually make this silly speculations online but he seems to be genuinely thinking $500k can happen in 3 years. and by that time we will be around the block reward halving and it is known to have a significant effect on the price so who knows maybe he is right!

[tiger2monkey]

500K in 3 years would be great! Let's see what happen in three years.

[Karmakid]

https://twitter.com/officialmcafee/status/887012614131372032

He acceptes bets about it...

What the hell is his problem we all know that it is really impossible for bitcoin to be that high in just 3 years maybe even if you added a couple of years it wouldn't be that high,
Just look at it's current price and how long it took to be at the current price.

[cocoinin]

people usually make this silly speculations online but he seems to be genuinely thinking $500k can happen in 3 years.

or, what is more likely, he was just drunk

[Rahar02]

Right, and he also says it will be Jihan Wu's forked version of BTC. And he is a friend of Wu... Looks like he is pumping his friends (future) asset.

I'm very bullish on BTC, and when I tell people my price expectations, they think I'm crazy. But $500,000 within three years is just stupid; the probability for that is very, very low.

And I bet none of those bets will happen. Anybody can say: "Send the contracts over." Doesn't mean he will sign them... Why should he? For sure he is already heavily invested in BTC, he doesn't need additional bets against people from all over the world whom he has no idea if they will pay or not.

Btw, his real prognosis is 2-5 million dollars... That half a million is just what he is willing to bet about.

This is just silly. Very, very silly. Please don't take it seriously.

He really asked about escrow, he really accept everyone who serious want to make bet with him.
He said : "97 Scott Street, Lexington, TN, 38351. $10 million. settled in US dollars. July 19th, 2020." as the contract for his bet.
Here some tweets :
https://twitter.com/officialmcafee/status/887051746622795776
https://twitter.com/QuodVeritusUnum/status/887053152805158912

He must be so sure about bitcoin could reach $2-2,5Million in 3 years, so he dare to make a bet just $500K.
Furthermore, he has so much money to put on the gambling table, even asked for $10 Million for bet.