Do you believe John McAfee is right about Bitcoin hitting $500,000 in 3 years?

[dukemc]

I think it could be possible in 3 years --> this year i think we will reach 50k - 70k

[1714295027]

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[babygun]

I wouldn't pay too much attention to what John McAfee is saying, he is known for creating hypes about some shitty coins so he can sell these at a high price.

[xenomorphe1]

If Bitcoin is $500000, it is 10 times $50000. Last year, in January the price of Bitcoin was $800 and in December the price was $20000. It is 20 times $1000.  Suppose that this year or next year the Bitcoin price reach $50000, then it is still possible that the price of Bitcoin reach $500000 in 3 years.

[green547]

most likeley 100k-200k I don't see it hitting 500k within that time frame.

[thresher]

It sounds mostly plausible. By the end of this year it's mostly expected to hit around 100k mark. If that happens, seeing something close to 500k in 3 years seems rational.

It is hard to imagine achieving such a high price in 3 years. What would have to happen to the price rose to $ 500k. I think all countries would have to legalize cryptocurrencies. I think that 100k $ is already a very high price.

It is expected to hit to a close mark around 100k by the end of this year. If that speculation comes out the way people expect it, something close to 500k isn't impossible. That's all I'm saying.

[liseff3]

Because of his love John McAfee on bitcoin is so high that his prediction is sometimes considered unreasonable, Yes $ 500.000 is a fantastic price.
I think John McAfee's prediction may be true if in association with the current supply of bitcoin about 20% and probably by 2020 bitcoin supply only 4% left. Probably all know the high price of bitcoin measured by the large supply and demand.

[burdeN]

Who could imagine in 2013 that bitcoin will reach 10k or even 20k? But it reached 20k by the end of 2017 and even now the price is still good if you invested in 2013.
500k from 20k is only x25 which is nothing comparing to growth from 100$ to 20k$ (x200)

[anti-scam]

He runs several ICO projects as an advisor and all the projects he runs are very successful.
His company is a well-known company so trust becomes capital for the success of his project. I think it's very realistic.

[_IRMAN]

So here, what we really want to understand is the probability of bitcoin reaching $500,000. The market cap will have to be $8 trillion dollar for bitcoin to hit that landmark. So do you think there is  a little probability for that???

if you see the progress of bitcoin from year to year $ 500K in the next 3 years is not impossible. Why ?

Do you know what bitcoin prices are in early 2017 ?
Under $1000

Do you know what bitcoin prices are at the end of 2017 ?
Almost $20K

So that means that bitcoin prices are up 20x in just a year. If a year rises by 20x means in 3 years bitcoin prices will rise 60x or more
So now you can calculate how much 60x from the current bitcoin price

[elewton]

although I believe that BTC certainly has a good future but I do not think that it can reach that target in 3 years. It is an impossible mission unless most of the countries in the world accept cryptocurrency.

[Gastotade]

He runs several ICO projects as an advisor and all the projects he runs are very successful.
His company is a well-known company so trust becomes capital for the success of his project. I think it's very realistic.

Well its being positive, they knew how the technology will be a great help, having proper analysis and experience and knowing people trust them will give a big impact for the community.

[Sephire]

Actually, he updated his bitcoin price forecast to $1 million by end of 2020 a few months ago in a tweet!
 There are  some others who have bitcoin going to $500K - $1 million  over next 5-10 years as well.
Time will tell!

[Dragonrage201]

It is possible. Crypto analyst, Clif High has forecasted bitcoin going over $1 million over long-term but no exact timeframe like Mcafee.

[AyaYotoko]

I believe bitcoin has more room to grow. What John McAfee predicted is quite possible. Remember bitcoin worth less than a dollar before and now its already 10k that huge price leap seems impossible for some but nothing is impossible in crypto. If bitcoin will hit atleast 50k this year then more likely the possibility to hit $500k in 3 years is much more achievable.

[nc50lc]

He runs several ICO projects as an advisor and all the projects he runs are very successful.
His company is a well-known company so trust becomes capital for the success of his project. I think it's very realistic.

No, he is influential and shamelessly using social media to advertise those ICO to success.
For him to say that "Bitcoin will hit $500k" spells a possible new Pump attempt to Bitcoin, this is too unrealistic but, a price surge might be possible after a month.
As soon as we see another $13,000+ BTC price, expect the small fishes to follow that buy signal. And boom, a Pump.

Seriously, a $500,000 BTC even after 5 years is theoretically impossible.

[huanzhong644306]

Personally, I think it's going to be $50,000 in the next few years, but $500,000 seems too difficult to achieve.

If China and the United States recognize bitcoin. A $500,000 bitcoin is still possible.

[anti-scam]

He runs several ICO projects as an advisor and all the projects he runs are very successful.
His company is a well-known company so trust becomes capital for the success of his project. I think it's very realistic.

No, he is influential and shamelessly using social media to advertise those ICO to success.
For him to say that "Bitcoin will hit $500k" spells a possible new Pump attempt to Bitcoin, this is too unrealistic but, a price surge might be possible after a month.
As soon as we see another $13,000+ BTC price, expect the small fishes to follow that buy signal. And boom, a Pump.

Seriously, a $500,000 BTC even after 5 years is theoretically impossible.

I am not too sure he has any influence over Bitcoin price fluctuations. but he knows this opportunity and he uses it well. the company will continue to adapt the current technological developments.

[Saidmod]

So here, what we really want to understand is the probability of bitcoin reaching $500,000. The market cap will have to be $8 trillion dollar for bitcoin to hit that landmark. So do you think there is  a little probability for that???

Its not a little probability by doing maths and estimate the possible growth by years anyone can make a good speculation but the majority of it can be hit or be over because bitcoins ATH is always surprising how much is the real price when it goes up. The conclusion is speculation can be reach that or not we don't know it in the future.

[UnderTHeCoin]

No way in the world a bitcoin can be worth half of a million dollars, McAfee is known for being super hyperbolic

[Dragonrage201]

Just saw a recent Mcafee's interview with a reporter on youtube and there he is defending his $1m bitcoin bet saying he never loses a bet. Also said that $1m is a conservative bet just to be safe and bitcoin could be higher than that.  Take all this with a grain of salt and hodl.