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Author Topic: Bitcoin = $1 Million by 2020  (Read 5306 times)
NetDetective
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December 04, 2017, 09:58:35 AM
 #21

John McAfee Bullish on Bitcoin Price Reaching $1 Million by 2020.
He wrote in Twitter: "When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong."

Can yo believe this? What are your own predictions?


I can't believe you'r own prediction which is base less but maybe when last bitcoin is mined, 1 btc worth 1 million.
For now is just dreams.
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December 04, 2017, 10:01:03 AM
 #22

John McAfee Bullish on Bitcoin Price Reaching $1 Million by 2020.
He wrote in Twitter: "When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong."

Can yo believe this? What are your own predictions?

That's totally absurd in my opinion and a quite insane to think and predict. 3 years won't be enough for Butcoin to have a market value as that much ,knowing that bitcoin is volatile so there are chances of its market value to fall. Surely, its market value will be more expensive in the future but a value of 1million for a currency is really expensive so I don't think it will happen.

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December 04, 2017, 10:01:05 AM
 #23

John McAfee Bullish on Bitcoin Price Reaching $1 Million by 2020.
He wrote in Twitter: "When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong."

Can yo believe this? What are your own predictions?


I think that satoshi will be happy with your assumption on already his expectation on bitcoin price has been suceeded three years before. When bitcoin comes to market satoshi expects that time bitcoin to be touched 10k USD in 2020 but already we crossed that amount and now we expecting bitcoin to grow than now. As economic theory says every high level bumping product or share that will dip to cheap value. Fortunately bitcoin is decentralized currency as of now one is having control on it. So your fund invest on bitcoin will be always still it have the volatile nature.

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December 04, 2017, 10:20:45 AM
 #24

John McAfee Bullish on Bitcoin Price Reaching $1 Million by 2020.
He wrote in Twitter: "When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong."

Can yo believe this? What are your own predictions?

McAfee is a 70 year old drugged out bankrupt has-been. By 2020 Bitcoin will not be valued at 1 million USD. It’s only 2 years away... 30-40K is possibly reasonable.
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December 04, 2017, 10:30:09 AM
 #25

I don't want to be that high in optimism, but I would love that to happen especially when I start buying/investing Bitcoins right now then holding it for a long time. However since Bitcoin's price is really unregulated and it is unstable, it is always in an up and down motion. At a certain month, it might constantly go down. I mean it really depends on the buyers and sellers, and never forget our miners. The demand and supply affects the movement of BTC.
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December 04, 2017, 10:37:00 AM
 #26

bitcoin sure for $ one million for sure in 2020.short term goal for 20000 usd in march 2017.
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December 04, 2017, 10:41:53 AM
 #27

The problem with bitcoin reaching these highs will be many people selling. I'm sure many will happily sell at 1 million I know I definitely would.

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December 04, 2017, 10:53:20 AM
 #28

John McAfee Bullish on Bitcoin Price Reaching $1 Million by 2020.
He wrote in Twitter: "When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong."

Can yo believe this? What are your own predictions?


definitely, however you count, you arrive at the same number, 1 million dollar:

one way: if you take all the money circulating worldwide, take some sensible percentage of it and divide it by 21 million (all the bitcoins there are) you get around a quote of 1 mln$ per BTC

Bottom up: 1 bitcoin can be divided to the eighth decimal place. It is called a satoshi. If 1 satoshi is valued to 1 cent, than 1bitcoin will be valued 1 mln $

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December 04, 2017, 10:54:38 AM
 #29

The problem with bitcoin reaching these highs will be many people selling. I'm sure many will happily sell at 1 million I know I definitely would.

sure, but others will buy.
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December 04, 2017, 10:58:28 AM
 #30

John McAfee Bullish on Bitcoin Price Reaching $1 Million by 2020.
He wrote in Twitter: "When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong."

Can yo believe this? What are your own predictions?


definitely, however you count, you arrive at the same number, 1 million dollar:

one way: if you take all the money circulating worldwide, take some sensible percentage of it and divide it by 21 million (all the bitcoins there are) you get around a quote of 1 mln$ per BTC

Bottom up: 1 bitcoin can be divided to the eighth decimal place. It is called a satoshi. If 1 satoshi is valued to 1 cent, than 1bitcoin will be valued 1 mln $

As somebody on some other thread points out, there is less than 1% people worldwide who know about bitcoin. If you connect it with the price, which stands currently at 10 000, you have another calculation: if 100% people worldwide knew about bitcoin, it should stand at 1 million dollars, shouldn't it?

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December 04, 2017, 10:59:03 AM
 #31

John McAfee Bullish on Bitcoin Price Reaching $1 Million by 2020.
He wrote in Twitter: "When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong."

Can yo believe this? What are your own predictions?


I would love to see him eat his dick, lol, but what more i love is that his prediciton is going to be true. That is what we love more right guys?
Although i really doubt bitcoin will reach 1 million usd in 3 years, but i really want it to be happen. With this prediction like this and many people support it, i guess it would give more benefit and positive things to bitcoin such as price increasing.
But still, in my opinion, it would reach 1 million usd in 10 years from now, which is 2027. That is logically more acceptable by my logic, tho.


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December 04, 2017, 11:02:56 AM
 #32

Looking at the chart on how the price went up, it was just the end of this year it suddenly peaked. The price from previous years looks like a very slow rise.

Now on the speculation on how it will increase more within three years, it may not be surprising to reach that much.

End of December 2016, price of bitcoin was only around $960, End of 2017, it may be still around $10K. So in a span of 1 year, the price multiplied by 10. If the growth continues that trend, every year multiply by 10, it may reach $1M by 2020.

Maybe that was the model he used that is why he speculated that much.

I think it will reach around 100-200K by 2020, it might plateau its price or will go on slow rise as how it was in the previous years.
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December 04, 2017, 11:12:03 AM
 #33

i will start invest in bitcoin but 1M is huge number .
bitcoin is strong now and hope i do right thing when start investment .
you can’t be rich from simple holding
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December 04, 2017, 11:22:32 AM
 #34

It is true that Bitcoin is increasing very fast, but I am not sure whether his prediction will be right or not. It is the future of major businesses. Like dotcom bubble Bitcoin bubble will also take place once it reaches millions. It is not a million dollar industry but one day it will become a billion dollar industry.

It is literally not smart to think that the Bitcoin will reach 1$ Million in 2020. But being optimistic and having hope is not bad. Even if it doesn't reaches 1$ Million but it will cross 200 or even 300k mark. John McAfee might be too greedy to predict Bitcoin to be 1$ Million. However, it might reach that peak in 2025 or later.
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December 04, 2017, 12:06:08 PM
 #35


It is a fact that Bitcoin is increasing in value faster than expected by some investors predictions, but it's too soon to assume that Bitcoin will reach $500K or even $1Mill by 2020.

Reason being is because we do not know if Bitcoin or Cryptocurrency in general will still exists by that time. Bitcoin has gone through and will continue to go through many forks, also corrections happen from time to time.

If Bitcoin does reach that price, then the supply will be close to nothing and only the very few Millionaires will reap the benefits of Bitcoin.

It's too soon to make that kind of prediction.

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December 04, 2017, 12:10:54 PM
 #36

John McAfee Bullish on Bitcoin Price Reaching $1 Million by 2020.
He wrote in Twitter: "When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong."

Can yo believe this? What are your own predictions?


It has a big chance that bitcoin will make it to the 1 million marks by 2020, but keep in mind that we are not the only player here there is also the government, hopefully bitcoin will make it worth a million and last long enough.

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December 04, 2017, 12:11:05 PM
 #37

John McAfee Bullish on Bitcoin Price Reaching $1 Million by 2020.
He wrote in Twitter: "When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong."

Can yo believe this? What are your own predictions?

Я yжe пoвepю в любoй иcxoд cвязaнный c биткoинoм, мнe кaжeтcя чтo впoлнe вoзмoжнo дocтигнyть цифpy в 1 млн$. Зa биткoинoм бyдyщee Smiley

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December 04, 2017, 12:16:16 PM
 #38

Well the world of cryptocurrency is world of speculation. Bitcoin may reach $1 million considering it's recent growth plus the fact that the number of people using it may increase

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December 04, 2017, 12:24:17 PM
 #39

I expected that bitcoin will reach around $500k in mid 2020. But this is way too exaggerated. Bitcoin has a lot of work to do and if he wants it to happen, then a miracle is needed.

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December 04, 2017, 01:13:46 PM
 #40

I hope Bitcoin really has a value of $1 Million for 1 Bitcoin, many people say that in 2020 the movement of Bitcoin will be increasingly crazed.

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