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

[erricducducan26]

    1. Bitcoin’s Scarcity Will Lead to a Price Surge
    2. $2 Trillion+ Institutional Investment Dollars
    3. Bitcoin Halving in May 2020
    4. Governments Holding BTC in Central Bank Reserves
    5. A Global Recession in 2020

https://bitcoinist.com/mcafees-2-million-bitcoin-prediction/

[mlmdaily]

He's a clown who always want to hype

[btcwish1]

    1. Bitcoin’s Scarcity Will Lead to a Price Surge
    2. $2 Trillion+ Institutional Investment Dollars
    3. Bitcoin Halving in May 2020
    4. Governments Holding BTC in Central Bank Reserves
    5. A Global Recession in 2020

https://bitcoinist.com/mcafees-2-million-bitcoin-prediction/

BTC  is at $7500 as I write and it seems we are going to end up in a BEAR market. so to think BTC  price will go from $7500 to $1Mil , some one will need hell lot more strong weed than that of what John Mcafee is smoking!. 

BTC price going to $1k is more realistic than it to be $1Mil in just 1 year time! 

[Reosta_]

    1. Bitcoin’s Scarcity Will Lead to a Price Surge
    2. $2 Trillion+ Institutional Investment Dollars
    3. Bitcoin Halving in May 2020
    4. Governments Holding BTC in Central Bank Reserves
    5. A Global Recession in 2020

https://bitcoinist.com/mcafees-2-million-bitcoin-prediction/

McAfee is known by this kind of statements of his. I don't think that his ideas are valuable enough to consider. The reasons that are given for this claim are sensible but I don't give a chance for Bitcoin to be 2 million dollars in just 1 year while the price is walking around 8k dollars.

[error08]

If the global recession really happens in 2020, we might have more countries glance at bitcoin, but holding BTC like Venezuela requires parliamentary approval depend on the situation of the country obviously. Because the volatility of bitcoin unavoidable, the price could rise and fall in a relatively short time, in the last 24 hours bitcoin drop 9% from $8025 to$7293 as the bottom.

[DatKing]

    1. Bitcoin’s Scarcity Will Lead to a Price Surge
    2. $2 Trillion+ Institutional Investment Dollars
    3. Bitcoin Halving in May 2020
    4. Governments Holding BTC in Central Bank Reserves
    5. A Global Recession in 2020

https://bitcoinist.com/mcafees-2-million-bitcoin-prediction/

The reasons are true for Bitcoin but the prediction price by McAfee is too extreme as usual. I think there needs to be a miracle to see the price as 2 million dollars in such a short time.

[Kyraishi]

    1. Bitcoin’s Scarcity Will Lead to a Price Surge

That's fair - the halving event will definitely be impactful for the price and future of bitcoin and I can definitely see it going up after it.

    2. $2 Trillion+ Institutional Investment Dollars

Companies/investments coming into the crypto-space is good, and means more adoption which could mean better prices.

    3. Bitcoin Halving in May 2020

Point 1

    4. Governments Holding BTC in Central Bank Reserves

Doesn't really affect the price?

    5. A Global Recession in 2020

I am under the impression bitcoin will also drop during that time period.

Some decent reasons, but not enough to think BTC will basically go 200x.
https://bitcoinist.com/mcafees-2-million-bitcoin-prediction/
[/quote]

[kawetsriyanto]

BTC  is at $7500 as I write and it seems we are going to end up in a BEAR market.

It is true. Instead, it dropped more. The current price is only about $7,477 and potentially to fall more.
OP must consider this situation and not only view on positive factors. The fact, we are getting away from bullish.

BTC price going to $1k is more realistic than it to be $1Mil in just 1 year time!  

I agree with you. How could bitcoin be worth million of dollars with current price only around $7,477.
McAfee never learns the fact and current issues on Bitcoin + crypto space. He only wants to make a HYPE.
So, don't believe in McAfee’s $2 Million Bitcoin Prediction.

[red023]

You desperate people are so CONSUMED by your hope that you loose every clear thought. His prediction is total and utter BS. He thinks he can attract a few people people to buy into BTC so his own stock goes up. Turns out one little bullshit man is doing shit for the BTC price.

I actually like his mindset and his libertarian-ism. At the same time I get why the libertarian party hates him. He spouts to much BS! He is also super crazy, it would not surprise me if he actually did kill his neibour in Belize. He faked a heart attack to get out of there ... .

Remember him selling his "unhackable" wallet? Shortly after some hackers got DOOM running on that thing. Bahahaha. He tells so much bullshit. Why would you buy into his utterly stupid predictions?

[Shasha80]

I don't think using logic is possible for Bitcoin to reach a price of $ 2 million, despite the 5 reasons stated on the OP. Especially those
who give the opinion of Mr. McAfee increasingly convinced this was madness. Only lies coming out of her mouth, I'd better not respond
too much to what he's talking about. Bitcoin makes more sense at $ 10,000 moreover market conditions are now more alarming.
Sometimes I'm confused with people who can trust John McAfee, what's wrong with them. Maybe they are frustrated with the bearish market,
so it's a bit of a hallucination.

[Wintersoldier]

I don't think using logic is possible for Bitcoin to reach a price of $ 2 million, despite the 5 reasons stated on the OP. Especially those
who give the opinion of Mr. McAfee increasingly convinced this was madness. Only lies coming out of her mouth, I'd better not respond
too much to what he's talking about. Bitcoin makes more sense at $ 10,000 moreover market conditions are now more alarming.
Sometimes I'm confused with people who can trust John McAfee, what's wrong with them. Maybe they are frustrated with the bearish market,
so it's a bit of a hallucination.

Basically the reasom on bitcoin halving isn't enough to say bitcoin can surge up to 2million. Right at the moment the market is already sufferring in a huge decline. In order to have 2 million dollar price, bitcoin should be adopted worldwide that its supply was already consumed and all of the transactions uses bitcoin cryptocurrency. In this case, demand is so high that it cannot be sold in a very low pice.

[blckhawk]

    1. Bitcoin’s Scarcity Will Lead to a Price Surge
    2. $2 Trillion+ Institutional Investment Dollars
    3. Bitcoin Halving in May 2020
    4. Governments Holding BTC in Central Bank Reserves
    5. A Global Recession in 2020

https://bitcoinist.com/mcafees-2-million-bitcoin-prediction/

We can run the numbers but we cannot predict the future. There are more factors that may affect the price. Ome of them is the counterpart of supply, which is demand. Even if supply slows down in the market, if demand does not catch up with the supply growth, minimal changes will only occur. People would still trade bitcoin, buying and selling depending on personal factors. However, if hype comes up too much to bitcoin, and digital currencies gain market attention, it may be possible. But there's still a lot of factors to consider, from government policies to market trust.

[millennium00]

That scenario may arise, however, I do not think that such an exaggerated jump in a period of one year and reach such values ​​would be a real milestone.

[BlackBaron]

lol $2million is just crazy for even next 5years, yeah I know everything is possible but I think the chance is very small my prediction for bitcoin max ATH is $250k-$400k before the bubble start popping up

[clickerz]

    1. Bitcoin’s Scarcity Will Lead to a Price Surge
    2. $2 Trillion+ Institutional Investment Dollars
    3. Bitcoin Halving in May 2020
    4. Governments Holding BTC in Central Bank Reserves
    5. A Global Recession in 2020

https://bitcoinist.com/mcafees-2-million-bitcoin-prediction/

BTC  is at $7500 as I write and it seems we are going to end up in a BEAR market. so to think BTC  price will go from $7500 to $1Mil , some one will need hell lot more strong weed than that of what John Mcafee is smoking!. 

BTC price going to $1k is more realistic than it to be $1Mil in just 1 year time! 

At least more sensible and practical post , $1,000,000 dollar to a bitcoin next year  I think not happen. Too bold prediction but with our situation right now, seems its difficult to surpass that number.

In the long run hold, possible but for a year which happen  next year, not possible.Though there are investors joining in but it may happen in staggered bases slowly, not abruptly as this will aother pump and dump. It must be organic growth.

[meanwords]

Never in your life time you will see that $1,000,000. We haven't even recovered from our all-time high and you still expect to reach $1,000,000 just because of those. The most realistic scenario that I could see is $10,000 or $15,000. That will be a good recovery price from the all-time high and not $1,000,000. Let's be real here, he just wants a reason to eat his dick in a national television.

[CryptoBry]

Run the f***ing numbers. If Bitcoin is less than $2 million by the end of 2020, then mathematics itself is a flawed disappointment.
- John McAffee

Yeah, I believe there is a big chance that Bitcoin can be reaching a new high at $2 Million before December 31, 2020 and I am staking my own head for this very simple prediction. Just kidding. I am sure that John McAfee is just having a great time in his life whenever the media and some people are listening to his superbly outlandish prediction. Look, there is nothing wrong with being optimistic because if one is a pessimist then he has no place hodling on to Bitcoin. Pessimists can short Bitcoin though, and make big money while doing it. John McAfee is just a good and big joker and should not be taken seriously. But then again, if his prediction is coming true then I am willing to change my views on him, anytime.

[Argoo]

Never in your life time you will see that $1,000,000. We haven't even recovered from our all-time high and you still expect to reach $1,000,000 just because of those. The most realistic scenario that I could see is $10,000 or $15,000. That will be a good recovery price from the all-time high and not $1,000,000. Let's be real here, he just wants a reason to eat his dick in a national television.

In my opinion, John McAfee has already overshadowed his previous forecast for the price of bitcoin at one million dollars. Now is he talking about two million? It is safe to say that bitcoin will never cost either two million or one million dollars. It will be a very big event if he ever can briefly rise to $ 50,000. And then this is not very believed. However, the coming years will show where cryptocurrency is going in relation to its prices.

[bounceback]

Never in your life time you will see that $1,000,000. We haven't even recovered from our all-time high and you still expect to reach $1,000,000 just because of those. The most realistic scenario that I could see is $10,000 or $15,000. That will be a good recovery price from the all-time high and not $1,000,000. Let's be real here, he just wants a reason to eat his dick in a national television.

This is a ridiculous prediction thought by John Mcafe. I don't believe him because he said bitcoin would be $ 2 million in a year, in my personal opinion, that's impossible because we know the price of bitcoin now, with an average price of only $ 1k or more why does john Mcafe dare say bitcoin will have a price $ 2 million by 2020.

[Willitivity]

McAfee is more of a joker to me, can't even take any of his baseless predictions and assumptions serious. How on earth can Bitcoin get to $1m dollars in just one year time from it is at the moment. He is just chasing clout, saying anything just to claim being relevant. With Bitcoin price slipping gradually, we're in for another long red drag.