Or the bubble will burst soon?
Middle of 2017, the software expert and MGT Capital Investments CEO John McAfee John McAfee predicted something that become JOKE for that point of time for those are novice to cryptocurrency market.
There is a forecast on bitcoin also, which it would reach $500,000 by the end of 2020.
For God shake, only the time can reveal the truth and verify these predictions!
John McAfee is predicted that by 2017 the price will hit at $5,000 and we are 19 days ahead to close 2017.
Well, McAfee’s $5,000 bitcoin was achieved couple of months ago….
On today, we are trading it for $16,390 no more $5,000.
So, it can be said that McAfee undervalued bitcoin market about 70%?
We can’t debate much about it now.
The forecast for the year 2020 is matter now!
In 2020, it worth $500,000 or $1 million?
Well, it might be a Hypothetical questions…
Yes Steemians we have to admit it!
Bitcoin is on bullish now.
Recently, the self-renewing guru and former hedge fund manager James Altucher also predicted similar to McAfee.
He declared that "I'll say $1 million by 2020, as well, easily," on CNBC's "Squawk Alley."
James Altucher on CNBC, Wed, 29 Nov 2017
"There's 15 million millionaires around the world. All their financial advisors are going to say, 'Hey, buy a bitcoin. You need some exposure."- Altucher, 2017
As per we know that there are only 21 million bitcoins ever minted in history, where with limited supply and expanding demand, the market price can pull higher then what we don’t expect eventually in cryptocurrency market.