5 Reasons McAfee’s $2 Million Bitcoin Prediction May Not Be So Crazy

[fullhdpixel]

I am surprised that you of all people too could believe in this madness, and look at it yourself, how is it possible for bitcoin to reach such amount next year, what possibility do you see from these factors that you listed here, bitcoin scarcity fine will lead to price surge, but the only thing that can cause bitcoin scarcity is when there are no more miners of the coin which I don’t see that happening at any time.

Secondly if all the coins has been successfully mined, then this issue of scarcity can come in, and There is no institution that will pump such amount of money into the market, not even the combination of 10 institution together, so forget that aspect, and bitcoin halving can only surge the value of bitcoin to at least $50000 and not even $100k.

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[vintages]

I don't think the guys is 100% talking trash though.
At least in every nonsense, there is still sense in there. The main point is that the time frame he merged his prediction as to when Bitcoin will each the millions, is just too short or looks unrealistic.
The price of Bitcoin will one day reach millions but there will be many circumstances and controversy that will push it to it

[Mike Mayor]

After being in the crypto world or awhile now I do not think anything is crazy. Think about it. Crypto is still so new and many people have not heard of bitcoin never mind crypto. Bitcoin has not even begun being used the way it should. When shops start accepting it more and more and we get to the point it becomes an alternative and accepted way of payment that is when you will see the price really shoot up since it will enter mass adoption. We are all still incredibly early even though it has taken 10 years. Things take time to change and remember the bitcoins are almost all mined and that will have a huge impact on the price. In 10 years from now, who knows what will happen.

[vladimirhf]

I don't think the guys is 100% talking trash though.
At least in every nonsense, there is still sense in there. The main point is that the time frame he merged his prediction as to when Bitcoin will each the millions, is just too short or looks unrealistic.
The price of Bitcoin will one day reach millions but there will be many circumstances and controversy that will push it to it

it's not impossible, but the point is "when". One year, five years, ten years? I'd say 50k-100k in one or two years, but 1 million is too high. A quick run to 100k would lead to a correction, then another around 500k, that's why I don't see this happening so fast. Unless you are expecting a world war, earthquakes, meteors, locust clouds, a combination of apocalyptic events that could lead to a crazy quick rise.