Bitcoin rate will increase to $1,000,000 in three years - McAfee

[futureofeth]

The bitcoin rate will increase to $1,000,000 in three years, as its price hit another all-time high at $11,000. The computer programmer and notorious businessman John McAfee has doubled his forecast for the bitcoin price, claiming it could jump to $1,000,000 by 2020.

If wrong, McAfee still is decisive to “eat his dick.”. Earlier, McAfee wrote in his twitter that bitcoin would rise to $500,000 by 2020, adding that he will eat his penis otherwise.

This phrase of McAfee has since become proverbial, with many users in social media reminding to McAfee his promise whenever he makes any publication on bitcoin. Though sounding too optimistic, McAfee's prediction met support from the bitcoin community.

According to Altucher, the bitcoin price is pushed up by the fact that the issuance of bitcoins is limited by 21,000,000 coins, while the number of persons, willing to buy it, is growing. Currently, bitcoin is traded at around $10,000, down from the all-time high $11,300.

[sicparvismagna]

In three years 1,000,000 US dollars I mean its possible but its hard to say especially when we're talking about that huge amount of money. I mean in that three years it's possible for 100,000 USD because the higher the bitcoin get the higher the number of people get attracted meaning a lot of people will notice and have attention and bitcoin and no way some of the biggest business firms or government would stand still about and do some regulations to control the usage of bitcoin that will result to some people nuisance in their interval.

[Lyancy001]

The bitcoin rate will increase to $1,000,000 in three years, as its price hit another all-time high at $11,000. The computer programmer and notorious businessman John McAfee has doubled his forecast for the bitcoin price, claiming it could jump to $1,000,000 by 2020.

If wrong, McAfee still is decisive to “eat his dick.”. Earlier, McAfee wrote in his twitter that bitcoin would rise to $500,000 by 2020, adding that he will eat his penis otherwise.

This phrase of McAfee has since become proverbial, with many users in social media reminding to McAfee his promise whenever he makes any publication on bitcoin. Though sounding too optimistic, McAfee's prediction met support from the bitcoin community.

According to Altucher, the bitcoin price is pushed up by the fact that the issuance of bitcoins is limited by 21,000,000 coins, while the number of persons, willing to buy it, is growing. Currently, bitcoin is traded at around $10,000, down from the all-time high $11,300.

Basically, I think McAfee is just hyping Bitcoin, so more investors could join the ride and make the price of Bitcoin higher.

[Xavofat]

Well, if he's going to keep increasing the forecast every time the price goes up a bit, I guess there's a 100% chance that he'll lose the bet.

The only way that this would be possible is if the US dollar dramatically decreased in value, which is unlikely to happen over such a short time frame.  If the dollar still exists in a few hundred years, I suppose BTC will be worth over $1,000,000 even if it's not worth much in terms of goods and services.

Anyway, the main reason that McAfee is "notorious" is that he's a moron, so I wouldn't treat his opinion as being relevant.

[kueyen]

Why has McAfee become an authority on bitcoin prices all of a sudden? People are taking his opinions seriously but I haven't seen him being able to back his claims with hard facts somehow.

[btcwish1]

BTC price is unpredictable but come on! there is limit to everything.  $1M in 3 years is just impossible.  It may be possible to hit $1m sometimes in future but not in 3 years that's for sure...

[fiulpro]

Well I think its not impossible but for sure very rare because there has been a sharp increase in the number of countries banning bitcoins thus I do think that it will put a hold on that price for sure..
Bitcoins are now seen as a threat to fiat and I doubt it if banks won't come forward to regulate it also there has been a number of speculations about the price of bitcoins being regulated and somehow they are proving to be true .. because just very recently I got to know that.... You aren't allowed to sell Bitcoins over a certain value.. and yes npw I have noticed that in zebpay there is an automatically generated message that prevents you from buying or selling bitcoins after their maximum amount limit thus lets see if bitcoins are able to find ways to evade all these things.

[jtipt]

BTC price is unpredictable but come on! there is limit to everything.  $1M in 3 years is just impossible. 

That word itself contradicts your second sentence. If its unpredictable, as we know it is, then it is completely possible for BTC to reach $1M in 3 years. Yes it maybe is not probable but its not impossible. There was a post on Reddit about 4 years ago in which a man claiming to be time traveler said the price of BTC will read $10k by 2017 and $100k by 2021, the $10k prediction coming true is causing that post to surface again. You can read that here.Well its likely just some troller but its a good read.

[deedan19]

The price of Bitcoin is determined by traders. It is very possible for Bitcoin to reach $1m price mark. Anything can happen since the  use of Bitcoin is decentralised.

[JTASSOCIATES]

Nothing is impossible with bitcoin also the same. Mean while we should be practical also so the bitcoin rate will be in next three is can be achievable of 100,000$ is my prediction no and not having any strategy to achieving this target. So far the consistency of bitcoin after the correction of its rate is more promising and always set the new target rate for achieving immediately.

[LTU_btc]

To much coccaine, right?
Do he really want to eat his dick on national TV? Why he changed his prediction.
I can't imagine that his prediction will become real. Offcourse, nothing is impossible, but I don't have any ideas, what thing can cause such unrealistic rise.

[p i e c e]

This is just some sort of hype, and nothing more. I believe that Bitcoin can cost around 50 thousand (who knows?), but a million??? Even taking into account its capitalization, which is growing only, it is nonsense. IMHO

[ranggawulung]

The bitcoin rate will increase to $1,000,000 in three years, as its price hit another all-time high at $11,000. The computer programmer and notorious businessman John McAfee has doubled his forecast for the bitcoin price, claiming it could jump to $1,000,000 by 2020.

If wrong, McAfee still is decisive to “eat his dick.”. Earlier, McAfee wrote in his twitter that bitcoin would rise to $500,000 by 2020, adding that he will eat his penis otherwise.

This phrase of McAfee has since become proverbial, with many users in social media reminding to McAfee his promise whenever he makes any publication on bitcoin. Though sounding too optimistic, McAfee's prediction met support from the bitcoin community.

According to Altucher, the bitcoin price is pushed up by the fact that the issuance of bitcoins is limited by 21,000,000 coins, while the number of persons, willing to buy it, is growing. Currently, bitcoin is traded at around $10,000, down from the all-time high $11,300.

Uniquely, bitcoin will still grow several times in value and bring a lot of money to its holders. This is evidenced by technologies that lead to prospects and growth in price. But in fact it is not very hard to believe that bitcoin will be so expensive and what's the point. Can money be depreciated in this case?

[Raimy]

I just think McAfee wants to eat his dick. While I too want the btc price to go up, his ridiculous bet is just that, ridiculous. He probably means "suck" anyway and not literally eat which sounds more like a perversion, didn't he say he would do it on live TV or something too?

[pri3oner]

When do yall post my thoughts about future bitcoin price in such articles?  I can do it too. I mean everyone can guess at btc price like Mr  McAfee 

[hahahafr]

This is very incredible, seeing how they are in a hurry to see bitcoin going to one million dollars seems a little bit shady for me.

How is he so sure that the price is going to be over $100k? i have not even think about, and we dont even know if it is possible because we dont know how the market could react if the price touches those rates.

There is a huge demand for bitcoins right now, and that is the main reason of why it has been increasing so fast.. But one million dollars, seriously? It seems a little bit difficult to reach that price. and just in two years..

[God Fist]

Hearing such statements from somebody who already made a fortune out of bitcoin can't do more than encourage people to invest more in such wonderful invention which will make the economy as we know it go further and become even better and thus making life way easier for people around the world . Even tho i don't think that it'll reach 1 million dollar in 3 years , but 100 thousand dollar is totally doable .

[saidlik]

I believe him look at the increase of btc in last year

[batang_bitcoin]

There's a chance that he can keep his prediction but there's a chance that he is jus bluffing. But in reality, I like this to happen. Who doesn't want to be a millionaire by just having 1 bitcoin for 2 years from now? Its either he'll do pump it when its close to that year and otherwise he is pushing and attracting all types of investors to hop into bitcoin size he's known a person/business/technology icon.

[tunctioncloud]

His prediction is way too optimistic. McAfee is rather crazy, and I would not rely on him to make investments... Of course Bitcoin price will rise in the future, but I doubt it will be to such an extremely crazy level.