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

[pearlmen]

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

He acceptes bets about it...

When I saw the screen shots of his tweets I knew he was just rambling whether bitcoin will rise to that level or not is another discussion except he has some more information he is not sharing, I don't see that as a possibility simply because the basis for that is not shared and aside that his bet amount is not what can be effected or compelled to do even on live TV so its just a simple expression of opinion and nothing else.

[alt213]

Well let's wait for 3 years and see , bitcoin price on Feb 2011 took parity with US dollar so price x2500 since then , 500k $ in 3 years means price x200 , if bitcoin reach that insane price who can buy it?

[virtualdn]

I would say to not underestimate what this guy is saying... Such price is no way a fantasy... think again folks, think again.

[Wexlike]

Don't be stupid.

The next halving is in 2020. The block reward drops to 6.25 coins every 10 minutes. With this price it would mean that 450 million $ are created every day. Sure. 

[swogerino]

I am bullish on bitcoin too but 500.000 dollars after three years sounds a bit unbelievable. I think the price of bitcoin will continue to rise after August 1 settles the dust of what will happen. It is now a good time to buy or to mine whichever you prefer to do and whichever you think will make you plan realized faster.

[mindrust]

Let alone this dude probably won't be alive 3 years later from now; he is mentally unstable. I heard that he is a murderer and killed 2 people. Not one, two.

I also watched some of his videos, he is pathetic. He is showing off with all those bitchez, money and everything on youtube but he is still miserable as fuck.

The dick he is promising to eat probably don't even exist so it may be just another sick joke.

[ImHash]

You can't eat something that doesn't exist if we imagine a price like that for bitcoin that means you'll need a tennis stadium filled with ASIC to start mining efficiently for a block of bitcoin, is there enough space on earth for so many mining farms that doesn't belong to governments and other people?
I was thinking about $9000 in 3 years not $500,000 that's a lie and not a reasonable price.

[FiendCoin]

Don't be stupid.

The next halving is in 2020. The block reward drops to 6.25 coins every 10 minutes. With this price it would mean that 450 million $ are created every day. Sure. 

That's nothing, the US gov ALONE prints $560 million a day.

[Vishnu.Reang]

Don't be stupid.

The next halving is in 2020. The block reward drops to 6.25 coins every 10 minutes. With this price it would mean that 450 million $ are created every day. Sure. 

Do you really think that he was serious? I don't trust McAfee. He was suspected of unlicensed drug manufacturing while he was in Belize. On top of that, he is a suspect in the murder of Gregory Viant Faull.

[talks_cheep]

John McAfee is a bat-shit crazy nut job, everyone and his grandmother knows it. Bulltards must be getting desperate....

[Silberman]

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.

This, bitcoin has great prospects to grow but to think it will reach that amount of money then most of the world economy will need to move through bitcoin and even if the entire world was willing to make that a reality the truth is that bitcoin cannot manage that amount of transactions in the present, and it cannot manage that in the near future either, so that price is not going to happen at all the chances are zero of that happening in the next 3 years.

[webcrypt]

This, bitcoin has great prospects to grow but to think it will reach that amount of money then most of the world economy will need to move through bitcoin and even if the entire world was willing to make that a reality the truth is that bitcoin cannot manage that amount of transactions in the present, and it cannot manage that in the near future either, so that price is not going to happen at all the chances are zero of that happening in the next 3 years.

Another big issue is fiat currency in owned by governments. They are not just going to let billions and billions worth of wealth just go away from their greedy ownership. 

[19Nov16]

Although prices continue to rise, but I think it is impossible to reach 500k in 3 years, the thing that can make the price skyrocket is the legality of bitcoin by big countries like USA, China and european union.

[audaciousbeing]

For me, I would not based my decision on guess works which is obviously the expression of opinion of an individual without knowing the basis of his conclusion. I will take it as nothing other than various speculative threads we see during high price about how its going to reach the moon in few weeks or months without any reason to justify that position. And the bet he is going to do, is definitely not achievable.

[KingdomHearts]

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

500K in 3 years is not a long time. I guess 500k in 3 to 5 year is a possible. It will reach to 500k soon as people getting know about bitcoin. Why would people complained where they will. So keep watching the future of bitcoin. Keep calm and wait for that day when bitcoin will reach to peak what are you talking about it will be happen soon.

[nizamcc]

If it becomes true, this could be the most exciting news I would ever witness. He is taking bets for the same and that's insane.
Even pumping Bitcoins to that level would need billions, so how will it become possible for Bitcoins to be even 1/10th of what he said it will be at?
The worst part was when he committed he will lick his dick in front of National Television if BTC won't be above 500k, can you imagine watching this guy doing such shitty things?

[eaLiTy]

If it becomes true, this could be the most exciting news I would ever witness. He is taking bets for the same and that's insane.
Even pumping Bitcoins to that level would need billions, so how will it become possible for Bitcoins to be even 1/10th of what he said it will be at?
The worst part was when he committed he will lick his dick in front of National Television if BTC won't be above 500k, can you imagine watching this guy doing such shitty things?

I am not sure whether John McAfee is a sane person  a speculative astronomical price is one thing and committing to lick his body parts in front of national television  either he was high on some drugs doing these predictions because three years is a very short time to see those valuations,if he would have said ten years then it might be possible but not in three years time.

[Bitmore]

Don't be stupid.

The next halving is in 2020. The block reward drops to 6.25 coins every 10 minutes. With this price it would mean that 450 million $ are created every day. Sure. 

That's nothing, the US gov ALONE prints $560 million a day.

This is a very relevant point. 

The fed is creating / devaluing fiat at a rate that would be the minimum required for the value of Bitcoin to increase if it is to replace fiat or if it is used as a lifeboat to preserve wealth...

Hyperinflation has historically happened with little warning, or at least without the warning signs being taken seriously, and then happens with lightening speed.  The rush to preserve wealth will also happen very quickly, and perhaps even faster.  We see it already as JP Morgan buys record amounts of silver, another lifeboat for wealth.

The days of the US dollar as the sole reserve currency and petrodollar,,, are over.

[Despacito]

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

He acceptes bets about it...

Everybody would be happy if this happened but honestly he's just kidding or doing joke. Not 500 thousands dollars, 5 thousands dollars is even debatable these days. I approach very nicely to the personal predictions, yet this time it's not logical.

[fabiorem]

It's possible to reach 50k in 3 years, I think.

500k would be for 10 years, perhaps early than that.

People who don't want bitcoin to reach that price are those who don't believe in it.

There is a creed behind bitcoin, it's not a simple commodity that you trade around for quick bucks.

That's the reason why there are too many HODLERS.

Back to 2013 nobody thought it would be possible to reach this price today.

And still the market cap is very small, it's less than Bill Gates fortune, it's less than Apple.

Some people are worried that HODLERS might become millionaries in the long run.

And these people dont believe in bitcoin as a substitute for fiat.