Post
Topic
Board Trading Discussion
Re: Cliff High and McAfee - Do you take their predictions seriously?
by
Bolt Brownie
on 22/02/2018, 21:14:28 UTC
Both Cliff High and McAfee have made bold claims about Bitcoin's future.  McAfee recently claimed that Bitcoin would reach a million by 2020.  Do you take these predictions seriously? 
 

Of course not. Those guys just like to put on a show, and they are quite good at it. Crypto is a very speculative market, and most people don't use their head when they invest, so they want to be reassured by people with a high profile like McAfee, and they just bet blindly on their projections. Since a lot of people do that, it actually works in some times.

With this I'm not saying I don't believe in bitcoin, because I do. It could perfectly reach those values, but there is no reason to say that. Bitcoin needs to evolve, and even with good development it still needs good adoption, and for that people need to accept it and understand it. I think this will be the hardest part to be honest.