Will Bitcoin rise to $500k in three years?

[Question123]

No it is impossible to happen because if you have 2 bitcoin you become millioniare what if those people have thousands of bitcoin they are now billionaire on that day. And for sure the maximum price of bitcoin maybe 30k or 50k only. But we dont know what will happen to the bitcoin price . I think the price of bitcoin in the year of 2020 is maybe it will become 20k dollars and that's big amount.

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[Clavulanic]

$500,000 per 1 Bitcoin. Are you kidding me?  ... Although Bitcoin is a good coin. But you don't be crazy. The maximum is $50,000.

Maximum in 3 years is 50k$, but who knows, price might rise even more than that through next 3 years . Of course we are only predicting it, and nobody knows what will happen this far in future, but it's still silly to say that price can't go above 50k$.

That's pretty awesome to speculate, but I don't think were into the journey of that price within three years because many holders were dumping their assets when price is getting higher. So even that $50k still cannot be obtained with that value, however if there's a possibilities that many businesses will be adopting this bitcoin currency that's not impossible in either ways that it can pump up to $500K which is very much expensive. Well, it was just predictions and the very most important idea is I am after to reality, yet bitcoin price now pumps its price unstoppable.

[BTCMILLIONAIRE]

No it is impossible to happen because if you have 2 bitcoin you become millioniare what if those people have thousands of bitcoin they are now billionaire on that day. And for sure the maximum price of bitcoin maybe 30k or 50k only. But we dont know what will happen to the bitcoin price . I think the price of bitcoin in the year of 2020 is maybe it will become 20k dollars and that's big amount.

At 500k per Bitcoin at most 8000 people could be billionaires if they held 2000 Bitcoins each. In reality, Bitcoins are much more scattered, so that's not going to happen. But even if that wouldn't be any problem. There are tens of millions of millionaires and thousands of billionaires in the world already.

Who cares if you add a few to that, there are still going to be 7 Billion "normal" and poor people in the world.

[BTCMILLIONAIRE]

lol, I think he just kidding. How can 1 BTC equal a half million dollars? If it reaches that peak, I think all investors in the world will waive Stock market to invest in Cryptocurrency. :v

Did you ever hear about the great depression that has started 1929 after the New York stock market crash? If something like this will happen until 2020 and it can happen at any time because the fiat system is an illusion based on believes, then one bitcoin can easily cost $500k. In such cases only one bread could cost $100!

There aren't enough Bitcoins to cause such a massive dollar inflation with a price of "only" 500k per BTC.

I don't understand what you mean with aren't enough bitcoins, because the less bitcoins available and the higher the demand, the more the price will increase.

But such a massive dollar inflation will be caused by the FED with printing more and more dollars to stimulate the economy without real countervalues.

Google for "Helicopter Ben".

There aren't enough Bitcoins around to make enough people rich from a 500k Bitcoin price to cause any sort of economic problems where bread would cost $100.

If that happens it would be because the federal reserve keeps crapping out too many dollars, but that's completely independent of Bitcoin and only one scenario in which the USD/BTC rate could skyrocket. It's the least likely though, at least in the next couple years.

[BTCMILLIONAIRE]

lol, I think he just kidding. How can 1 BTC equal a half million dollars? If it reaches that peak, I think all investors in the world will waive Stock market to invest in Cryptocurrency. :v

Did you ever hear about the great depression that has started 1929 after the New York stock market crash? If something like this will happen until 2020 and it can happen at any time because the fiat system is an illusion based on believes, then one bitcoin can easily cost $500k. In such cases only one bread could cost $100!

There aren't enough Bitcoins to cause such a massive dollar inflation with a price of "only" 500k per BTC.

I don't understand what you mean with aren't enough bitcoins, because the less bitcoins available and the higher the demand, the more the price will increase.

But such a massive dollar inflation will be caused by the FED with printing more and more dollars to stimulate the economy without real countervalues.

Google for "Helicopter Ben".

There aren't enough Bitcoins around to make enough people rich from a 500k Bitcoin price to cause any sort of economic problems where bread would cost $100.

If that happens it would be because the federal reserve keeps crapping out too many dollars, but that's completely independent of Bitcoin and only one scenario in which the USD/BTC rate could skyrocket. It's the least likely though, at least in the next couple years.

I see now the misunderstood. It's almost impossible that the bitcoin price will increase to $500k within 3 years at the current value of the US dollar.

Only if the US dollar with lose its value heavily based on a great depression or because they print too much and throw the dollars out of helicopters, then the scenario of $500k per bitcoin could come true. And in this case the bitcoin owners don't become rich, because $500k will be worth $10,000 compared with the value of the US dollar today.

I do agree that $500k in just 3 years is too short. But I don't think that a "galloping" US dollar inflation would be required to reach such a price. The market cap would be "only" 8 trillion with that price, which really isn't that much if you consider that Apple and Alphabet are roughly 0.8 trillion EACH. The stock market is several times that number too.

[BTCMILLIONAIRE]

lol, I think he just kidding. How can 1 BTC equal a half million dollars? If it reaches that peak, I think all investors in the world will waive Stock market to invest in Cryptocurrency. :v

Did you ever hear about the great depression that has started 1929 after the New York stock market crash? If something like this will happen until 2020 and it can happen at any time because the fiat system is an illusion based on believes, then one bitcoin can easily cost $500k. In such cases only one bread could cost $100!

There aren't enough Bitcoins to cause such a massive dollar inflation with a price of "only" 500k per BTC.

I don't understand what you mean with aren't enough bitcoins, because the less bitcoins available and the higher the demand, the more the price will increase.

But such a massive dollar inflation will be caused by the FED with printing more and more dollars to stimulate the economy without real countervalues.

Google for "Helicopter Ben".

There aren't enough Bitcoins around to make enough people rich from a 500k Bitcoin price to cause any sort of economic problems where bread would cost $100.

If that happens it would be because the federal reserve keeps crapping out too many dollars, but that's completely independent of Bitcoin and only one scenario in which the USD/BTC rate could skyrocket. It's the least likely though, at least in the next couple years.

I see now the misunderstood. It's almost impossible that the bitcoin price will increase to $500k within 3 years at the current value of the US dollar.

Only if the US dollar with lose its value heavily based on a great depression or because they print too much and throw the dollars out of helicopters, then the scenario of $500k per bitcoin could come true. And in this case the bitcoin owners don't become rich, because $500k will be worth $10,000 compared with the value of the US dollar today.

I do agree that $500k in just 3 years is too short. But I don't think that a "galloping" US dollar inflation would be required to reach such a price. The market cap would be "only" 8 trillion with that price, which really isn't that much if you consider that Apple and Alphabet are roughly 0.8 trillion EACH. The stock market is several times that number too.

I also don't think that a "galloping" US dollar inflation would be required to reach such a price one day. Especially as there are trillions parked in the derivatives market and if they fear it will crash or it starts to crash and look for something else promising, then bitcoin can experience an unpredictable boom!

But the question is until August 2020 and without a hyperinflation of the US dollar this scenario is almost impossible.

I'm with you on this assessment. $500k by 2020 seems way over the top unless we quadruple every year from now on.

[zeaderza]

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.

It may will happen if whole world will start using it and everybody will be using it all across the world and this will happen soon in future still a lot of work must be required to spread bitcoin knowledge and proper information to the every person in this planet and this can only be done by the promotion advertisement and satoshi and co must take decision to arrange some international level seminars so that people invests.

Yes that’s the main thing to achieve this mile stone and this will happen in future as this price is achievable as in start of bitcoin who believe that this coin will go so high everyone was not hopeful everyone says that it will stay for 3 to 4 year but it has cleared 7 years and still progressing and so believe in it and use it to spread it and work for its popularity as 500k will be achieved that time will be golden time and profiting.

[Forester78]

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

You just have a bigger pocket of yours, to manage to add up such amounts. Is it possible to believe in such a nonsense, you imagine, now many have more than one cue ball available and if this happens, then it is terrible to imagine what will happen to the world.

[ausbit]

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

$500k on 3 years time? Not possible even if we do compare on the current rally on bitcoins price as of now then it wont still really be sufficient enough to reach out that peak price since its really too much to consider.
Even talking on 20k usd would really be already hard for sure. Adoption is still on the move this is why we can still hope for more price increase compared to its current price.

Like you said the $ 500K in three years is looks like not possible i expect that it will reach about $ 20K at the end of 2020.But we can see that bitcoin is reaching new price high every day,so anything can happen in the next three years.So have hope on bitcoin then it will give you better future.So start investing today to make profits.

bitcoin is undaughterly future of all the coins. Bitcoin price is now very rapidly increasing as everyone knows the predicted price of bitcoin till the end of year has increased from 6000$ to 10000$. and this has made a great difference in the price after three years it can surely reach the price of $500k in the next three years. More and more people are joining the bitcoin community and this will make bitcoin a globally accepted currency one day.

[redsun114]

In my opinion, if we follow the trend of exponential growth in the market of bitcoin's price, $500,000 is not impossible to reach in the next three years. Bitcoin is gaining popularity all over the world in every single day whether it is bad news or good news. We all have to accumulate as much bitcoin as we can right now and focus on the achievement of our goal for long term profit and hope for the best to come.

Stop raising this to a meaningless point….the rate of $6000 took several years to accomplish, 8 years precisely. How can.you be saying that a whole $500,000 per Bitcoin can be accomplished within three years, that’s kind of madness.

Then you’re trying to say each person will $500,000 worth of Bitcoin each, bet me, just one person that will sell off will send the whole market crashing if it was to put at such rate with its current

[bamb]

Impossibility is nothing when it comes to bitcoin price! Who would have thought that 0.1 btc could ever be $700 plus. At this point in time  with bitcoin, I have stopped to rationalized or second guess bitcoin in terms of bitcoin prices. Wherever bitcoin leads, I'll follow.

[Fear]

Maybe he is right. Because you can see the growth rate now. It's about 700%/year, too high. However, to be honest, I don't believe. 

[fasdorcas]

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

it can be happens bitcoin can make any history in the field of cryptocurrency. prediction is always prediction it would not be true or similar. so after the 2020 bitcoin where to placed in no one can imaging that. 

I would speak with full honesty here. I like bitcoin but I don’t want to give false hopes to anyone. I read some articles about the future price of bitcoin and the experts predicted it to be somewhere around 10k dollars after 6 months while a in a period of upcoming five years, it can touch 25k dollars.

500k dollars is a HUGE target. Maybe one day bitcoin will touch that but it is impossible for this or any asset to make such progress.

[BTCMILLIONAIRE]

In my opinion, if we follow the trend of exponential growth in the market of bitcoin's price, $500,000 is not impossible to reach in the next three years. Bitcoin is gaining popularity all over the world in every single day whether it is bad news or good news. We all have to accumulate as much bitcoin as we can right now and focus on the achievement of our goal for long term profit and hope for the best to come.

Stop raising this to a meaningless point….the rate of $6000 took several years to accomplish, 8 years precisely. How can.you be saying that a whole $500,000 per Bitcoin can be accomplished within three years, that’s kind of madness.

Then you’re trying to say each person will $500,000 worth of Bitcoin each, bet me, just one person that will sell off will send the whole market crashing if it was to put at such rate with its current

If Bitcoin was $500k the market cap would be in the trillions. So selling a bunch of Bitcoins would have no significant impact, because the market volatility would be far lower than it is now. At that point Bitcoin would be adequate as an actual currency too, assuming the transaction times and fees are still good enough for dealing with it.

And since you don't seem to be aware of this, groundbreaking technologies usually take a long time to reach public awareness and once they do they keep exploding until mass adoption is achieved.

[Yabuy92]

It’s impossible to predict what might happen by next 2 months, so good luck to those who are predicting it by 2020. In reality, there is NO ONE (human) who have any CLUE what is going to happen, so just don’t try to do something, which is not doable! Don’t follow predictions.

that's true, no one knows the future only here the law of economics applies in see bitcoin supply stay a little to make the price become more expensive as time passes

[angaper]

It will always be difficult to predict the future, but at least at this precise moment $500,000 in three years seems very difficult but not impossible. In fact, the line of $100,000 would seem excessive, and as has been said, the compliance of multiple factors that the bitcoin ecosystem requires to achieve such a price still seems very far. But the current price of $7,000 also seemed like an impossible dream three years ago, so let's let bitcoin keep surprising us.

[Isaak Bitcoin]

Too optimistic assumption, I do not believe in such a cost.

[chineseprancing]

Apparently no one can says regarding with the fluctuation of bitcoin in the market, but $500K in three years?. I think it was a big and exaggerated speculation, because how it happen? Even how bitcoin value rapid to raising up I think it is too much. Maybe $100K it is impossible to reach on that short period of time.

[bitsnkes]

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

I want this to happen but predictions are always be predictions. It may happen and it may not happen, if McAfee said that maybe there are some surprises that he'll do just to make this happen.

And this is a very tuning in prediction because he's condition is very crazy - check out this reply from https://twitter.com/officialmcafee/status/887024683379544065?lang=en

I hope it happens and I'll definitely going to sell maybe some of my bitcoin by that time and will live happily ever after.

Me too i also want bitcoin to reach that high so that i can sell some and make some real profit out of it.
I bought it very high 7000usd ,Donot know how long i have to wait to gain profit.
But i am very possitive about the 2x fork

[krayzie32]

I think it's just for fun. It will continue rising, I'm sure that. But $500,000 is not a real number.