What do people think about Mcafee statement?

[thecodebear]

It's well within the realms of possibility. I keep saying this to everyone but people keep making the same mistake.

Bitcoin has octupled(multiplied its value by within a year. If that happens again by this time next year, we're talking 50k+ and then 400k the following year. Forget what the value is in fiat, look at the %.

Yeah Bitcoin is up 7.6x so far this year, and with 8 weeks left! But in all likelihood the percentage gains will slow down each year from here on out as the price grows and it gets harder to move it up by the same percentage.

Personally I think a tripling up to $25k-30k will happen next year. But depending on how quickly and how hard institutional investors start coming into bitcoin next year, it is possible we could see $50k next year if they really strongly invest. If you take the growth just since May when it really started booming, and apply it until the end of 2018 it'd peak at $90k at that point. So who knows! But I'm expecting a slowdown and to "only" hit $25k or $30k next year.

[Yakamoto]

McAfee said Bitcoin will be $500k within 3 years: https://www.cryptocoinsnews.com/john-mcafee-claims-bitcoin-will-worth-500000-three-years/

Do you think he's worth listening to?

I still think that he is grossly exaggerating Bitcoin but I do respect the man's opinions and choices. I will never say he is a bad person, I'll never say anyone is a bad person, some opinions and actions incline for them to be such a way in my view. McAfee has faith in cryptos, but I think it is somewhat misplaced. There doesn't seem to be enough enthusiasm and money to turn Bitcoin into $500k per piece, but you never know when it may all get turned around. I sure as hell have no idea what Bitcoin is going to look like in 3 years.

[PrimeBlackBelt]

Honestly, not within the next 3 but maybe the next five. Mcadee exagurates, but this might be true.

[100%succes]

McAfee said Bitcoin will be $500k within 3 years: https://www.cryptocoinsnews.com/john-mcafee-claims-bitcoin-will-worth-500000-three-years/

Do you think he's worth listening to?

could happen if everyone starts investing in bitcoin all information is to be heard, we are free to believe it or not, it all depends on each person.

[ankit05]

I'm one of the people who would like see BTC hit $500k in the next in the 3 year. The current market  cap of bitcoin is 110 billion USD. I would have only laughed at it. So it is possible that such uber - bullish predictions do come ture.

[yugyug]

it is too exaggerated about McAffee's statement that it will reach to 500k usd per bitcoin in 3 years time, the answer lies on the supply and demand, its network support, the miners' support and its transcation speed, but the issue of the oldest bitcoin problem could not be resolve then i think tht it couldn't reach that high, maybe antoher rival coins would attempt to replace bitcoin on the top spot but i guess it's fork is not the contender.

[Lm2e4]

Maybe he is saying that because he has his own ICO?

I agree, I think he is just also promoting his ICO. 3 years is still not enough for bitcoin to reach $ 500K. Really so impossible!, maybe he is just making crazy sounds also to let people hear about his own ICO.

[perla]

Maybe he is saying that because he has his own ICO?

I agree, I think he is just also promoting his ICO. 3 years is still not enough for bitcoin to reach $ 500K. Really so impossible!, maybe he is just making crazy sounds also to let people hear about his own ICO.

even $500k is impossible maybe because of it can make bitcoin price rise too  , more people that believe in crypto ( even he only want to promote his ico ) it is good for the price

[michellee]

Maybe he is saying that because he has his own ICO?

I agree, I think he is just also promoting his ICO. 3 years is still not enough for bitcoin to reach $ 500K. Really so impossible!, maybe he is just making crazy sounds also to let people hear about his own ICO.

even $500k is impossible maybe because of it can make bitcoin price rise too  , more people that believe in crypto ( even he only want to promote his ico ) it is good for the price

it is possible to see the price is increase until $500k but we need more years to see its really happen and I think it will happen after many of forks again. maybe we can see the price is reach $500k in more than 5 years from now but we can expecting that the price will be happen soon. now people is getting involve in crypto currency especially in bitcoin and they can see that there is a big opportunity to be around in bitcoin world and they invest their money to make a lot of profit in future.

[CoinClarity]

Nope. He is absolutely not worth listening to. In case you forgot, he fled to Belize to avoid prosecution by the United States and so he could marry a 16 year-old. He's 72 years old himself, BTW.

[Spendulus]

McAfee said Bitcoin will be $500k within 3 years: https://www.cryptocoinsnews.com/john-mcafee-claims-bitcoin-will-worth-500000-three-years/

Do you think he's worth listening to?

Absolutely. If you want to understand bitcoin you must listen to McAfee.

But listen to his opinions on how to implement a security plan so you don't get hacked and lose your crypto currency.

Otherwise it's meaningless how high it will go, because you won't have any.

[iluvpie60]

I don't think bitcoin will go much higher for awhile after this fork.

There really isn't much incentive for people to buy more of it after the fork short term. What is the thing that will escalate bitcoin into being worth more? More adoption hasn't really happened in many years and that is still slowly chugging along. If anything, the price should go down because the only real thing driving bitcoin price up lately is FOMO(fear of missing out) so a lot of new money is being thrown at it.

That money is going to vanish after this fork because the price will drop as the coins battle eachother for hash power.

[FoxTheHuman]

McAfee said Bitcoin will be $500k within 3 years: https://www.cryptocoinsnews.com/john-mcafee-claims-bitcoin-will-worth-500000-three-years/

Do you think he's worth listening to?

Why are people always delusional about the bitcoin value can be achieved? Do not get too trusting in bitcoin because no one is sure to tell you that it will last forever.

[aizen10]

McAfee said Bitcoin will be $500k within 3 years: https://www.cryptocoinsnews.com/john-mcafee-claims-bitcoin-will-worth-500000-three-years/

Do you think he's worth listening to?

to be listen on someone is the attitude of a good person, but to follow on his telling you, its up to you, we all witness the success of this bitcoin, year after years, bitcoin proves it self on to us (bitcoin holders) that this bitcoin will grow more farther than what it is before, so meaning the price of $500k is not possible to reach/hits soon, bitcoin is more better and getting more bigger day by day, so its no doubt that McAfee prediction will soon to be happen.

[sabine80]

McAfee said Bitcoin will be $500k within 3 years: https://www.cryptocoinsnews.com/john-mcafee-claims-bitcoin-will-worth-500000-three-years/

Do you think he's worth listening to?

i cant believe this... but in the crypto world is everything possible i thing. like the thought a bitcoin can cost 500k.

[taiwww]

John McAfee, a cyber security expert has made a bold state regarding bitcoin, saying that each bitcoin will be worth $500,000 in three years time. As McAfee knows inside and outside of digital currency tool, his statement compelled many people think about bitcoins.
It will not touch $500 but will hit $100.
It is possible, If the whole world stated using bitcoins in their day to day transactions, but current sudden rise in price is making it difficult. $7000 how a common man afford this currency.
Its decentralised nature and limited supply will make it happen, but it will lose its status as currency & will become only a price Tag.

[jklaw]

I like what he said but he is nuttier than a fruitcake, a true tinfoil hat wearing paranoid bat crap crazy individual.    Notice I never said he was stupid, just crazy.    I hope he is correct, personally I  think projections are a giant waste of time.   Trying to predict and model off other financial instruments just doesnt cut it; he could be off by decades or never.  Like the dollar, bitcoin has no innate value other than what we give it.  You could have something new come along tomorrow and replace cryptocurriencies because people are fickle.   Its only worth what someone else is willing to pay for it and I hope they continue to buy.

[Lagduf]

I actually impressed with his optimism that bitcoin could reach $500,000 in three years, but I also can't resist that infact in the cryptocurrencies world everything can happen, even the bitcoin price could possibly reach above $100,000 overnight, It's kinda make sense regarding his statement.
It also seem that he's proving his statement with some reasons including the math he did. Not going to deny it, it's possible.

[thecodebear]

I don't think bitcoin will go much higher for awhile after this fork.

There really isn't much incentive for people to buy more of it after the fork short term. What is the thing that will escalate bitcoin into being worth more? More adoption hasn't really happened in many years and that is still slowly chugging along. If anything, the price should go down because the only real thing driving bitcoin price up lately is FOMO(fear of missing out) so a lot of new money is being thrown at it.

That money is going to vanish after this fork because the price will drop as the coins battle eachother for hash power.

That's a bizarre opinion. Price has been rising rapidly all year. What does that have to do with the fork? Institutional investors are about to start getting in, which means the money that has been put in so far is gonna look tiny compared to whats coming. Yes absolutely the incentive is FOMO because more and more people are getting that this is a rocketship that is only just taking off, not sure why you think people will just decide they don't want to be on board for the ride.

[IceOleg]

McAfee said Bitcoin will be $500k within 3 years: https://www.cryptocoinsnews.com/john-mcafee-claims-bitcoin-will-worth-500000-three-years/

Do you think he's worth listening to?

I just wish more influencers will tell this. The price for BTC grow thanks to people like him and if they will continue to do that - I'll become a dollar millionaire in 3 years - which is ok for me