Post
Topic
Board Bitcoin Discussion
Re: 5 Reasons McAfee’s $2 Million Bitcoin Prediction May Not Be So Crazy
by
blckhawk
on 24/10/2019, 00:44:10 UTC

    1. Bitcoin’s Scarcity Will Lead to a Price Surge
    2. $2 Trillion+ Institutional Investment Dollars
    3. Bitcoin Halving in May 2020
    4. Governments Holding BTC in Central Bank Reserves
    5. A Global Recession in 2020

https://bitcoinist.com/mcafees-2-million-bitcoin-prediction/
We can run the numbers but we cannot predict the future. There are more factors that may affect the price. Ome of them is the counterpart of supply, which is demand. Even if supply slows down in the market, if demand does not catch up with the supply growth, minimal changes will only occur. People would still trade bitcoin, buying and selling depending on personal factors. However, if hype comes up too much to bitcoin, and digital currencies gain market attention, it may be possible. But there's still a lot of factors to consider, from government policies to market trust.