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

[echogomodrill]

Elon, stop this bacchanalia!

[TorbiK]

interestingly he will answer for his words? I think the appearance of futures for Bitcoin on Monday will force him to change his forecast again or he will remain without a penis.

[Drnice]

When bitcoin becomes too expensive, then it will have a bigger treat to the government and at that time, the use of bitcoin will become high on illegal activities, and that might start leading to the destruction of bitcoin.

[Oceat]

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.

All i can say is this is way too far from the impossible, he's way too beyond of his mind to think like this. Can you imagine when Bitcoin was first released in 2009 it's almost free near to cents its price. Until it hit $10,000 in 7 years and if you do the math here it is way too far from the prediction, even half of the price of Bitcoin that he told can't meet. This is totally absurd and beyond on any imagination amongst Bitcoin users here.

[habibruis]

I think it is possible, already a lot of people has been attracted by Bitcoin ! With the increase in demand, the price increase.  It is a common matter.

[criticoflife]

Before i thought he was ludicrous but after the previous 3 weeks happenings in the markets i'm now not so sure. Maybe old John is onto something here guys with the limited supply of 21,000,000 coins and many lost in old wallets or discarded by miners in the early days. With the massive spike in the number of adopters and investors of bitcoin maybe it just will do that!

[Genosx]

from the other people it is quite impossible to happen but there is no such thing impossible that may happen.
If the company and management of bitcoin maintains their performance in the market they can rich that target in future.

[virtualdn]

If you guys think this guy is still joking you haven't learned a thing about cryptos yet.

[coinfinger]

If you guys think this guy is still joking you haven't learned a thing about cryptos yet.

Crypto currencies are showing a progressive increase in there worth, yes bitcoin has raised much in this year it's all due to its properties and the comfort which it is providing to the people, a high output is an attraction for the investors. They became able to earn more in no time by investing into bitcoin. It's not the end yet bitcoin has much more to achieve

[AltcoinAuthority]

Before i thought he was ludicrous but after the previous 3 weeks happenings in the markets i'm now not so sure. Maybe old John is onto something here guys with the limited supply of 21,000,000 coins and many lost in old wallets or discarded by miners in the early days. With the massive spike in the number of adopters and investors of bitcoin maybe it just will do that!

That would be nice, a lot of people would be able to purchase a bunch of cool things without having to spend a full Bitcoin.

[deviant99]

It's not possible to reach in a million in 3 years. Maybe the rate will retain or go up but it will not reach it. Maybe it will took a lot of years to reach a million because bitcoin due to its volatility it cannot maintain its price , it may go up or down, who knows about it. we can't predict the future of it.

[kiver]

i know bitcoin haven't reached the price of stability for now but dont you think 1 million dollars is a bit too much for bitcoin as a price maybe in the upcoming years there better altcoin that could replace bitcoin as a mean crypto currency and who knows i might be wrong too

[junoreactor]

The thing is, if I did not know anything about Bitcoin I would perhaps think the same, because the potential is huge. But question is: does McAfee know Bitcoin is not a currency?
Does it know it is impossible to buy everyday life products with Bitcoin because of big fees and transaction time?
I hope for him he knows a little about what he invested into!

[Darklinkz]

I would really love that to happen but let's be realistic. McCafee is just basically making bitcoin shine like a diamond in every people's eyes that will convince them to invest a whole lot of money.

[sammrheza]

so there will be many new millionare created by bitcoin  ....

[bitcoinveda]

BTC will increase for sure but nt exactly as McAfee says it is crazy figure to imagine Btc will be more volatile in coming days Regulation and SEC many such factors will come in place

[hualangktsld841]

It is possible to reach $100 thousand in three years. But the $one million is a little exaggerated, and it will be a fragile price if only the price increases without the support of other practical applications. Because the price rise is actually related to the growth of the community, the encrypted currency circle has grown rapidly this year.

[denzkilim]

If it hits $1,000,000 dollars per single piece of bitcoin the 100k satoshi minimum fees of market will surely kill us. It will be like $1,000 dollars fee (if im correct) for a single transaction.

[barontamago]

This is too much but possible when no forks delaying the growth of bitcoin.

[lance04]

I think for some people it is quite impossible thing to happen but for there is no such impossible thing in the company of bitcoin.
as long as they can maintain they performance in the public and innovate their system to provide a excellent quality service they can reach these things in future.