John McAfee, Bitcoin supporter and founder of the popular McAfee antivirus software, is being very positive about Bitcoin. He predicted that Bitcoin price will hit $1 million by 2020 following last year’s prediction of $7000 which was well surpassed.
Bitcoin Price Prediction Tracker portal, Bircoin.top, did the maths and explain that Bitcoin needs to grow daily at 0.4840957034310259% per day.to meet McAfee’s prediction. Currently, Bitcoin is around $ 8,207 compared to $ 7,171. Cool right? However, to hit McAfee’s target, BTC would end the year just over $29k.
Apart from the economics behind the limited supply of Bitcoin, his prediction considered the factors like the increased adoption of Bitcoin and blockchain as well as a total cryptocurrency’s market cap around $162 billion which gives large room for growth
“BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $1 million by the end of 2020. I will still eat my d**k if wrong” – John McAfee
https://twitter.com/officialmcafee/status/935900326007328768/photo/1
- officialmcafee
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Bitcoin will hit $ 40,000 – Llew Claasen (Executive Director, Bitcoin Foundation)
Last month, Llew Classen made a bold statement to reassure Bitcoin believers that the cryptocurrency is on the right track –specifically, on track to reach the $40,000 mark. Though his outlook for some altcoin holders was not very encouraging, he made it clear that as something new, cryptocurrency will be as risky as it is exciting.
Bitcoin to pass $43K by December 2018 – (Survey by Finder.com)
Finder.com sought opinions of 13 cryptocurrency experts and concluded that Bitcoin price will witness a 300% growth to land at $43,000 by the end of the year. The site also predicted Bitcoin at over $14K by March 1.
“While we saw the top 10 coins dive by 24 percent last month, our survey shows panelists are expecting this to be a bump in the road as these coins are set to recover.” – Jon Ostler, UK CEO, finder.com
Ostler noted that the predictions were not cast in stone as they can easily be swayed by “outside factors such as regulations, laws, and banking systems”
Bitcoin will reach $1million – Bobby Lee (CEO BTCC Exchange)
Bobby Lee, CEO of China’s first Bitcoin exchange speaking at the London Blockchain Week went overboard with his prediction. Lee said bitcoin will surpass $1 million but unlike McAfee, he could see this happen in 20 years’ time.
“Bitcoin, I think will get to $1 million per bitcoin…Right now it’s 10,000, it will go 100,000 and then 200,000, 500,000.” – Bobby Lee