John McAfee Bullish on Bitcoin Price Reaching $1 Million by 2020.
He wrote in Twitter: "When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong."
Can yo believe this? What are your own predictions?
The price hikes of bitcoin will depend on how many trillions of dollars are poured in from CBOE and CME within their investment funded portfolios. If the public decides to get on board, which may take longer than expected due to the volatility of the marketplace, then bitcoin could possibly increase towards 100k per share down the road. For bitcoin to his a million dollars per share would need most of the world to be confirmed as vested into the currency.