Obviously if this happens, a lot of new millionaires, billionaires and maybe even trillionaires will be born. Do you think this would have a large impact on society? Would this cause nocoiners to become the new low class? Would prices of every day goods rise? Would Fiat currency even be worth anything? Or would we just have a lot of new money in an otherwise unchanged society?
(Hopefully) obviously, this post is purely hypothetical and in reference to John McAfee's prediction.
If that's happen then for sure a lot of millioners were born but I think the goods will stay on its price because bitcoin is not owned by the governments. Fiat will still have it's own value. Hopefully I am also holding some bitcoin when that's happen.
Apparently, those who are taking the advantage today and those who are really trying their best to at least hold up to a bitcoin. Generally, this is not something I think can ever happen in the mid 2020 as OP implied, but since he said IF, I guess the only thing that would happen is to see the space to have grown more than it is right now. No one could have thought that in a single year, bitcoin could actually attain more than x20 anyway, so anything is possible.