Quote from: Ingoats on October 07, 2017, 07:53:34 AM

Quote from: waqarkahloon on August 19, 2017, 08:14:59 PM

John macafee tweeted last month that bitcoin will hit 500,000$ in next 2 to 3 years whats your opinion about that? are u seeing this or not??

I think that's quite impossible for that short period of time. 3 years won't be enough for Bitcoin to reach that huge amount. Maybe if 10 or more years and when Bitcoin is already legal to most countries, that value would be reached because the demand will definitely be high when that day come since it will be used by more people in daily transactions that will make the value of Bitcoin more expensive.

Maybe he predicting too much high value and it is not possible to reach 500,000$ in two years time, even there is a huge growth in the market but at the same time market value should also increase, in order to increase its price.