Bitcoin Price Will Hit $1 Million in 2020 Because Maths, Stupid: John McAfee
By CCN.com: John McAfee has been really bold when it comes to predicting the price of bitcoin, claiming that each unit of the cryptocurrency will be worth $1 million by the end of 2020.
The cybersecurity expert had first said in July 2017 that one bitcoin would be worth $500,000 by the end of 2020. If that didn’t happen, he promised that he’ll do something that none of us probably want to see.
if not, I will eat my dick on national television.
— John McAfee (@officialmcafee) July 17, 2017
But it looks like last year’s crypto bear market hasn’t injected any fear into McAfee’s soul that he might have to live up to his words. He is sticking to his million dollar prediction despite the volatility.
In one of his latest tweets, McAfee claims that it is “mathematically impossible” that one BTC will be less than $1 million “by the end of 2020.”
Come on people!!! It's time to brush up your basic math skills and run some f*^#$ng numbers!!!! It is mathematically impossible for Bitcoin to be less than $1 mil by the end of 2020. Bitcoin is not an effing stock!!! You can't apply stock paradigms or formulas and expect answers! pic.twitter.com/KM6qVX204R
— John McAfee (@officialmcafee) April 15, 2019
Is $1 million bitcoin possible?
Bitcoin had a terrible 2018, losing close to 80% of its value as the price of one unit of the cryptocurrency fell from more than $17,500 in January to just over $3,800 in December. That massive decline followed a terrific 2017 where the price of each bitcoin shot up from less than $1,000 to around $20,000.
