Post
Topic
Board Bitcoin Discussion
Re: 5 Reasons McAfee’s $2 Million Bitcoin Prediction May Not Be So Crazy
by
Kyraishi
on 23/10/2019, 22:47:40 UTC
    1. Bitcoin’s Scarcity Will Lead to a Price Surge
That's fair - the halving event will definitely be impactful for the price and future of bitcoin and I can definitely see it going up after it.

    2. $2 Trillion+ Institutional Investment Dollars
Companies/investments coming into the crypto-space is good, and means more adoption which could mean better prices.

    3. Bitcoin Halving in May 2020
Point 1

    4. Governments Holding BTC in Central Bank Reserves
Doesn't really affect the price?

    5. A Global Recession in 2020
I am under the impression bitcoin will also drop during that time period.

Some decent reasons, but not enough to think BTC will basically go 200x.
https://bitcoinist.com/mcafees-2-million-bitcoin-prediction/
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