Fundstrat founder and strategist Tom Lee recently announced that bitcoin prices would reach $ 91,000 by March 2020. What do you think about this prediction? Please comment on this issue?
Maybe, or price could be higher, cryptoexpert John McAffee said that bitcoin will reach $500,000 in the next few years!
Wow. This is the peak of optimism or may be we can say you are too optimistic about the future and the future returns. I would say that Bitcoin does have the potential to cross even this value but this thing is decided by the market and not by anyone else. If the market demand for the Bitcoin rises, the market price will also rise which means at some point in time in future, the value of Bitcoin might cross the value.
I hardly think you could call McAfee a cryptoexpert yet, not many people deserve that title. He was advising crap coins like Digibyte only late last year lets not forget now. It is possible we reach 91k by 2020 but I would think it will happen after the halving in that year and not before.