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

[Irvinn]

It is absolutely unrealistic that the price bitkoy in three years has increased to one million dollars. Even if such trends are to be outlined, state structures will interfere and will regulate bitokoyn in order to limit its course, since such a price will affect negatively and unbalancing the economy. While the states actually observe and do not intervene in the process of a sharp rise in price of bitcoins, however, there is a limit to everything. Therefore, if bitkoyn and will rise significantly in price, it will not be so direct and painless its growth. Dramatic events about the cost bikkoyna we have yet to come.

[FRJ]

Look,the rate of bitcoin can rise upto $1000000..But we can't say it emphatically. Because,in the case of bitcoin,there cannot be said anything before it happens.But if the price goes to $1000000,that would be great.

I think McAfee has predicted this only to create an attention so that people become interested and more and more people buy bitcoin.That is how,the price of bitcoin will increase.

[Sithara007]

If something like that happens, then do you guys think that the governments will just sit back and watch? Bitcoin is an asset which can never be controlled by the governments (unlike the case with treasury bonds, fiat cash, equities, mutual fund and to some extent bullion). Here in India, the government is trying to charge Bitcoin users with treason charges!!!

[traderethereum]

If something like that happens, then do you guys think that the governments will just sit back and watch? Bitcoin is an asset which can never be controlled by the governments (unlike the case with treasury bonds, fiat cash, equities, mutual fund and to some extent bullion). Here in India, the government is trying to charge Bitcoin users with treason charges!!!

I am sure that the government will interfere and will do whatever they think that they can to ban or stop bitcoin for not going more increase. although the government cannot control bitcoin, I am sure that they will search and use their source to controlling bitcoin. if this happens then bitcoin user cannot feel free again when they want to use bitcoin.

[junoreactor]

If something like that happens, then do you guys think that the governments will just sit back and watch? Bitcoin is an asset which can never be controlled by the governments (unlike the case with treasury bonds, fiat cash, equities, mutual fund and to some extent bullion). Here in India, the government is trying to charge Bitcoin users with treason charges!!!

I am sure that the government will interfere and will do whatever they think that they can to ban or stop bitcoin for not going more increase. although the government cannot control bitcoin, I am sure that they will search and use their source to controlling bitcoin. if this happens then bitcoin user cannot feel free again when they want to use bitcoin.

Governments will be willing to tax rather than ban it IMO.
Look this thread about France's case for instance > https://bitcointalk.org/index.php?topic=2602056.0;all

[mickymax777]

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...

At first I thought the prediction is crazy but if you start quantifying the real quantum of the financial markets and the value of the forex market $1m is achievable.

We are in the process of what I would like to call digitizing the world economy the pace of which is determined by the rate we can feed money into the crypto space.

We are not the early adopters we are the pioneers the1% that know about this tech and will be rewarded for hodling it.

What we do with the new found wealth is the question, there are alot of peole that is giving it to the less privilege. The income will be greater than our expenses. I’m personally committed to donate 10% to charity.

Just HODL

[hopepears]

It might be possible to happen since the trend today is gradually increasing. But, then again, we can't say that for sure since the trend can be very unpredictable.

[senin]

The forecast on the price of bitcoin by 2020 that it will cost a million dollars, to my opinion, is not real. If you consider purely bitcoin and the demand for it, then, perhaps, it would have happened. But bitcoin does not exist in amorphous space. It exists among various states that have serious levers of influence on it. States will not be indifferent to looking at the fact that there is a crypto currency in their territory that is tens of thousands of times more expensive in value than their own currency and that rises and falls in price every day for thousands of dollars, creating confusion and tensions in their economies. As these states will react to this behavior of bitcoin, we will see, but such a reaction will definitely be negative and it will hinder the price growth of bitcoin.

[samcrypto]

It might be possible to happen since the trend today is gradually increasing. But, then again, we can't say that for sure since the trend can be very unpredictable.

Bitcoin improves every year and I do hope that the problem with the transaction fees and speed will be solve and by this we will see bitcoin on its high note. I know $50k this year is possible and can really go further better to hold more.