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Author Topic: John McAfee Reiterates That Bitcoin with get to $1 million MINIMUM by 2020  (Read 205 times)
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May 13, 2018, 04:46:09 PM
 #1

We all know that McAfee took a bet that Bitcoin would be $1m by 2020

He has once again said on record that he stands by this claim but this time he goes even further and says he believes it will be a MINIMUM of $1million

Here is the short video interview for those who might want to check it out.

https://www.youtube.com/watch?v=ZPOP0T-DLiE
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May 13, 2018, 06:11:45 PM
 #2

I have no idea that this should happen so that even bitcoin cost 1 million dollars. The whole market will immediately crash.

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May 13, 2018, 06:12:28 PM
 #3

Is this the famous case where he said that otherwise he would eat his dick privately? I think that he will have to do this if he is responsible for his words. By 2020, bitcoin can not cost one million dollars. Increase to such a price bitcoin just will not give such people as Mt. Gox from Tokyo. But when bitcoin exceeds even a hundred thousand dollars, many of its holders will start selling it, as many will want to use them to purchase new housing, cars and so on. Therefore, bitcoin will invariably more than once fall in price.

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May 13, 2018, 07:03:44 PM
 #4

I have no idea that this should happen so that even bitcoin cost 1 million dollars. The whole market will immediately crash.
To be able to see this happen in the real life, there would have to be a lot of companies and retailers adopting and using bitcoins for it to reach such a high place and i believe when the issue with high volatility is dealt with it's going to happen.



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May 13, 2018, 07:33:12 PM
 #5

McAfee is a loser. He did what I expected him to do.

In an interview he was asked about his prediction (which was that Bitcoin in 2018 would reach $78,000) and he denied having said that. In the video they show footage of him clearly stating him having made that prediction. The same will happen with his current prediction. For anyone willing to see the whole interview (60 minute duration) here is the link; https://www.youtube.com/watch?v=WBgFGwJA1D0

These people don't do anything for Bitcoin. He's nothing more than a vampire trying to suck as much money out of this market as possible. Seriously, what billionaire will get involved in promoting shitty altcoins? It's just the money he's after, and that clearly shows.

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May 13, 2018, 08:09:00 PM
 #6

McAfee is a loser. He did what I expected him to do.

In an interview he was asked about his prediction (which was that Bitcoin in 2018 would reach $78,000) and he denied having said that. In the video they show footage of him clearly stating him having made that prediction. The same will happen with his current prediction. For anyone willing to see the whole interview (60 minute duration) here is the link; https://www.youtube.com/watch?v=WBgFGwJA1D0

These people don't do anything for Bitcoin. He's nothing more than a vampire trying to suck as much money out of this market as possible. Seriously, what billionaire will get involved in promoting shitty altcoins? It's just the money he's after, and that clearly shows.

I think very few people actually take him as serious investor advisor, but many speculators probably take his shilling into account, because they expect that some noobs will react to it, turning it into self-fulfilling prophesy. But his Bitcoin predictions are absolutely useless, because his influence only covers altcoin/shitcoin markets. And all these recent predictions seem to be based on last years performance, two years ago no one was telling that it will go to such high amount by 2020.

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May 13, 2018, 08:35:15 PM
 #7

But when bitcoin exceeds even a hundred thousand dollars, many of its holders will start selling it, as many will want to use them to purchase new housing, cars and so on. Therefore, bitcoin will invariably more than once fall in price.
of course because very rarely people who can not sell bitcoinnya when the price is high ,, they will certainly sell as soon as they do not lose the moment for waiting for higher prices ,, although in fact not like that
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May 13, 2018, 09:35:41 PM
 #8

well this thread is definitely in the right section > speculation <

can anyone calculate the numbers on this?

I mean the market cap would have to reach a certain value in
order for Bitcoin to reach $1,000,000 in the next 2 years,

to me this seems like a fantasy.

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May 13, 2018, 10:10:56 PM
 #9

well this thread is definitely in the right section > speculation <

can anyone calculate the numbers on this?

I mean the market cap would have to reach a certain value in
order for Bitcoin to reach $1,000,000 in the next 2 years,

to me this seems like a fantasy.
We can calculate how big market cap will be when the price will (hypothetically) reach 1 million USD. But I wouldn't bother with that.
There is no point, and now I am beginning to see that John McAfee might be high or something because there is no way that BTC will reach that high in so short time.
I think we may reach 100k maybe - but 1kk? Fat chance.

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May 13, 2018, 10:14:35 PM
 #10

2020 is just  a few 2 years ahead of us , for bitcoin to reach 1000000 USD is near impossible. Bitcoins is now trading at 7000 and below and to say it will hit a million dollar by 2020 is not true and no matter how the market behaves, no way it can go that level.
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May 13, 2018, 10:25:47 PM
 #11

I seriously admire him if its about his career and achievement on what he contributed to the technology.

But his predictions are getting weirder and weirder as time goes by, before it was $500,000 and then $1,000,000 and now minimum of $1,000,000.

I'm bullish to bitcoin but not to this point but we all want it to come right? but I doubt this prediction is serious and real.

2020 we might get $100,000 and that's a realistic claim.

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May 13, 2018, 10:39:36 PM
 #12

This has been discussed back and forward for more than a while now and it is getting boring now. Even the thought of McAfee being able to chop his dick off or eat it or whatever.
McAfee is a loser. He did what I expected him to do.
In an interview he was asked about his prediction (which was that Bitcoin in 2018 would reach $78,000) and he denied having said that. In the video they show footage of him clearly stating him having made that prediction. The same will happen with his current prediction. For anyone willing to see the whole interview (60 minute duration) here is the link; https://www.youtube.com/watch?v=WBgFGwJA1D0

These people don't do anything for Bitcoin. He's nothing more than a vampire trying to suck as much money out of this market as possible. Seriously, what billionaire will get involved in promoting shitty altcoins? It's just the money he's after, and that clearly shows.
Worst part is that he gets paid a shit load of money just to mention the name of altcoins in his tweets and stuff. A shit load I repeat.
For obvious reasons, McAfee is doing this for popularity and all that crap,and there is no one to stop him. Even Roger Ver is better than him.


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May 13, 2018, 10:45:42 PM
 #13

His prediction is not accurate just like what happened last year, for me, it is clear that he encourages people to invest more in bitcoin so that the movement price of bitcoin will increase more and holders will sell including him.

However, it might be possible to happen in bitcoin, but not in 2020 maybe 2140 the price could reach nearly $1 million, but it depends on how they develop bitcoin and how people use it, if there are more improvements about bitcoin and all country accepts bitcoin as payment maybe it could be possible to reach nearly $1 million, but for me it's impossible to happen unless if there are many big investors enter into cryptocurrency maybe the price could hit that value.

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May 13, 2018, 10:51:11 PM
 #14

I've not been following his words and happenings that much (can say at all), but my friend has been following him on twitter and his "coin of teh week" and I can say that, even tho most of them are low price coins, he made quite a profit from listening to him. Now, is that an organized pump or just leading a mass to invest into that coin, I don't know. But hey, as long as it works.
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May 13, 2018, 10:53:13 PM
 #15

can anyone calculate the numbers on this?

What people usually forget to add, and he does too, is that his prediction is based on Bitcoin radically devaluing the USD by 2020. It had better get its skates on because the USD looks pretty steady from here.

That adds a double dose of bath salt-soaked gubbins pouring from his faeces-encrusted lips.

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May 14, 2018, 09:56:19 AM
 #16

These people don't do anything for Bitcoin. He's nothing more than a vampire trying to suck as much money out of this market as possible. Seriously, what billionaire will get involved in promoting shitty altcoins? It's just the money he's after, and that clearly shows.
Let him be, at least him making that prediction somehow helps Bitcoin and crypto in general to gain more publicity(he is a prominent person after all). This somehow is a great boost to the increasing adoption rate. I wonder though, will he swallow his dick if he's wrong? As far as I remember he made a bet to swallow his own dick if ever Bitcoin doesn't reach his speculated price.
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May 14, 2018, 10:14:01 AM
 #17

I wonder though, will he swallow his dick if he's wrong? As far as I remember he made a bet to swallow his own dick if ever Bitcoin doesn't reach his speculated price.

No, he won’t but he will have achieved what he wanted: to create expectation and spread popularity, of bitcoin and of himself.

I also think it is difficult to reach $1 million by 2020 but I bet 10K seemed impossible when bitcoin price was $1. It could happen if bitcoin price keeps growing exponentially but I think it is difficult.
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May 14, 2018, 10:34:34 AM
 #18

He said around 2:39 - 2:44 of the video that:
Quote
I promise you 1 Million Dollars is the lowest it can possibly be, I'm gonna win this bet

Talking about self-confidence, this man is predicting numbers without any good basis and saying early on in the interview that this is his "most safest bet" which I don't know what that means, his made up basis was "working backwards starting from 1 trillions $" which he thinks that the lowest outcome is 1 million $ per BTC. I don't think that he is reliable when it comes to predicting prices as his last attempt at 2017, he predicted BTC to end 2017 at a price of 5,000$ which is way off from the real price (16,700$), the bad thing is he used his wrong prediction to create a "new model" predicting that BTC will go up to 1 million dollars instead.

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May 14, 2018, 10:54:53 AM
 #19

We all know that McAfee took a bet that Bitcoin would be $1m by 2020

He has once again said on record that he stands by this claim but this time he goes even further and says he believes it will be a MINIMUM of $1million

Here is the short video interview for those who might want to check it out.

https://www.youtube.com/watch?v=ZPOP0T-DLiE

I can not take him serious, sorry.
Everyone who has watched the Netflix documentary about him, knows about that guys past and several interviews where very likely was on some drugs can not take him really serious.
Maybe he is going to buy 1 BTC for USD1million in 2020, will he have won his bet then?? I mean when he says he can not lose this bet, so there must be some loophole. I mean we aren't over $10k right now and making a 100x performance in less than 2 years seems very unlikely to me.
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May 14, 2018, 11:55:56 AM
 #20

We all know that McAfee took a bet that Bitcoin would be $1m by 2020

He has once again said on record that he stands by this claim but this time he goes even further and says he believes it will be a MINIMUM of $1million

Here is the short video interview for those who might want to check it out.

https://www.youtube.com/watch?v=ZPOP0T-DLiE

I am tired of this kind of people.
Speculation is a part of this market but this prediction is completely meaningless. No technical analysis, no fundamental analysis just bullshit

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