Will Bitcoin rise to $500k in three years?

[KEPLER99]

$500k, that's more of an exaggeration than speculation.
Bitcoin can never go that high even in more years to come.

Three years is a very less time period. There is no way that bitcoin can increase up to this much of value and that too in a time spam of only three years. There is no doubt that bitcoin is a very good coin and its market value as well as demand in the international market will increase with each passing day. But 500k$ is a very huge amount and I don’t think so that bitcoin will reach this value.

[celex89]

the greater the demand and the higher the price. if 20 million people wanted a bitcoin each ... boom

[Bitcoinjheta]

the greater the demand and the higher the price. if 20 million people wanted a bitcoin each ... boom

If this surely happens that bitcoin will rise to 500k in prediction of the next three years, it could be unbeliebable to reach in that huge amount within three years. My prediction in next three would be $30k is gonna be something like that because bitcoin considered as fastest selling almost every year.

[Daveeoff]

Did they really say this? Pretty optimistic but I don't see that happening. THere will be huge gains for sure tho.

[xebecstyx]

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?

It may up its value significantly, but this amount is so much of a big jump that it is already unreasonable and too much to assume. On the previous years as bitcoin was starting up, it's value rose from scratch to its current $6,000-ish value, following that increase and trend, it's highly impossible for it to increase its value basically 830%. In any business that kind of increase is almost always never going to happen, maybe it can reach a little or near 100,000 but that's at best.

[Smarty14392]

$500k, that's more of an exaggeration than speculation.
Bitcoin can never go that high even in more years to come.

Definitely this is more than an execration. We all here are optimist about bitcoin for making high prices in coming future but this $500k is really out of the box. You can’t make such worst predictions that are not even seems realistic. But yes like I said above, we all here are waiting for such good prices to come and we want to have our investments yielding maximum profits.

[airdagon]

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?

hopefully mcAfee's prediction really happened. If that happens, it is very surprising for the miners, and possibly also, there will be many newcomers or miners to participate in bitcoin world and will be many people who invest in bitcoin world .. hopefully that prediction really happened.

[BTCMILLIONAIRE]

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?

hopefully mcAfee's prediction really happened. If that happens, it is very surprising for the miners, and possibly also, there will be many newcomers or miners to participate in bitcoin world and will be many people who invest in bitcoin world .. hopefully that prediction really happened.

If it happens more people will start mining as the price increases, which will increase the network hashrate and thus lower the profits down to similar levels as they have been.

[angelmavr]

Yes , there is possibility this will happen but i'm not encourage for it as well. Cause if Bitcoin rise the price to 500k$ , trust me, the inflation will increase with it. So it's good for Bitcoin's holder, but actually it's really bad to the whole world.

[BTCMILLIONAIRE]

Yes , there is possibility this will happen but i'm not encourage for it as well. Cause if Bitcoin rise the price to 500k$ , trust me, the inflation will increase with it. So it's good for Bitcoin's holder, but actually it's really bad to the whole world.

Inflation won't increase with it because of the limited supply of Bitcoins. If Bitcoin was $500k then you could only have 8 Million people with 1 Million USD worth of Bitcoin (2 Bitcoins each). And that's not even 0.1% of the world's population, and thus nowhere close to driving any inflation.

[bitqistchris]

Haha 500k$ is by far the most optimistic prediction I've heard so far. I personally would be surprised if it will be worth more than 20k$ in the next few years.

[BTCMILLIONAIRE]

Haha 500k$ is by far the most optimistic prediction I've heard so far. I personally would be surprised if it will be worth more than 20k$ in the next few years.

You're in for quite a ride then.

[ZFXToken]

I'm going to go out on a limb and say $50k but seriously I think we are all underestimating just how far outside the general populace Bitcoin still is. Once we have wide spread adoption (think internet) I don't think 500k per bitcoin is unreasonable in years to come.

[hahay]

WOW!! I guess to hit a 500k usd value will take a longer time, if only in 3 years I'm sure it will not happen. I personally never imagined anything like this, now better you focus to utilizing 100k usd value that might be hit in the next few months or at the end of 2018.

[dmamigo]

I'm going to go out on a limb and say $50k but seriously I think we are all underestimating just how far outside the general populace Bitcoin still is. Once we have wide spread adoption (think internet) I don't think 500k per bitcoin is unreasonable in years to come.

Even if there is increase in adoption, expecting that high is normally not possible. Obviously it will be great to see it, but kind of unnatural prediction.
$50000 to $100K is still a favorable predictions we have came through from various sources within the coming 3 years

[BlackBi88]

In the next 3 years I surely that the exchange rate of BTC will be higher than current but to reach $ 500k is absolutely impossible. I realize that the BTC price is gradually reaching the peak, the maximum will be only $ 10k 

[BTCMILLIONAIRE]

In the next 3 years I surely that the exchange rate of BTC will be higher than current but to reach $ 500k is absolutely impossible. I realize that the BTC price is gradually reaching the peak, the maximum will be only $ 10k 

It will definitely be higher than $10k if there is no significant attack on crypto from many governments at the same time. And Switzerland is already trying to play into its image as a world leader in finance by promising very lax rules for crypto related businesses, so it's not extremely likely that cryptos will get attacked successfully.

[Welsh]

In the next 3 years I surely that the exchange rate of BTC will be higher than current but to reach $ 500k is absolutely impossible. I realize that the BTC price is gradually reaching the peak, the maximum will be only $ 10k 

It shouldn't be impossible and isn't, it's probably not probable though, especially considering three years is such little time and there will still be plenty of coins to be mined. The more exclusive Bitcoin becomes the more in theory it should be worth so I would think that these figures would be closer to the small percentages of Bitcoin left to be mined. 

[BTCMILLIONAIRE]

In the next 3 years I surely that the exchange rate of BTC will be higher than current but to reach $ 500k is absolutely impossible. I realize that the BTC price is gradually reaching the peak, the maximum will be only $ 10k 

It shouldn't be impossible and isn't, it's probably not probable though, especially considering three years is such little time and there will still be plenty of coins to be mined. The more exclusive Bitcoin becomes the more in theory it should be worth so I would think that these figures would be closer to the small percentages of Bitcoin left to be mined. 

I love your wording, lmao. It definitely probably is not probable.

We'll easily crack the $10k well before 2020 though.

[Drnice]

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?

Prediction is a free state of saying anything you wish, and which can and might not be archived. Three years from now is too close to make or expect such a high prediction I know anything can happen, but $500k is too high within such a short time .