Post
Topic
Board Bitcoin Discussion
Re: 5 Reasons McAfee’s $2 Million Bitcoin Prediction May Not Be So Crazy
by
dothebeats
on 24/10/2019, 16:30:19 UTC

    1. Bitcoin’s Scarcity Will Lead to a Price Surge

Always have been considered as a huge factor to such bold predictions.  True that it counts as one but the question is when will it happen?

    2. $2 Trillion+ Institutional Investment Dollars

Trust me, it needs a lot more than that in order to reach a massive valuation of $2M. Not all of that $2T dollars is going to flow to bitcoin alone, too.

    3. Bitcoin Halving in May 2020

Haven't seen a bitcoin halving event taking us to crazy gains just yet, and I'm still hoping that we get to witness one, really.

    4. Governments Holding BTC in Central Bank Reserves

Governments having hybrid financial reserves is also non-existent just yet. Most doesn't even have a solid legal framework to work with.

    5. A Global Recession in 2020

2020? $100,000 is already an impossible number even if we meet a severe recession next year, how would we even reach $2M? Besides, not all the money will flow to bitcoin (again) as surely, some of it will meet gold and other precious metals.