Post
Topic
Board Bitcoin Discussion
Re: 5 Reasons McAfee’s $2 Million Bitcoin Prediction May Not Be So Crazy
by
cr1776
on 24/10/2019, 22:18:42 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/

BTC  is at $7500 as I write and it seems we are going to end up in a BEAR market. so to think BTC  price will go from $7500 to $1Mil , some one will need hell lot more strong weed than that of what John Mcafee is smoking!.  

BTC price going to $1k is more realistic than it to be $1Mil in just 1 year time!  

You sound like the people in July 2010 who were saying it was worthless and would never hit $1, and then 6 months later saying it would drop under $1 and never come back.  The FUD was wrong then and is now.

Will it go that high?  No one knows, but placing bets against it has been a losing proposition for more than a decade. 

Halvings have led to orders of magnitude growth in fiat price each time so far. Much decreased new supply (halved), increased demand follows the supply-demand curve.