It's just too exaggerated to give a random numbers while the market price today is under $9,000.
McAfees Dick Math may be based on point-set topology. Also re-read the lengthy post I made in this thread.
The legacy BTC price is likely going to $1 million in 2020, but I posit the official Bitcoin Core (which is actually an impostor) is going towards ~$0 after the SegWit anyone can spend donations to the miners attack at the May 2020 halving event if Craig Wright fulfills his Long-term advance notice. Craig is indeed a fake Satoshi and his BSV is probably a red-herring, but his warning is probably reality. Read the linked threads entirely to learn why.55k is definitely not too high if you look at the history of Bitcoin. Even 100k is not too high.
In 2017 we went from 900 to 20k in a year. When we broke previous ATH we went times 20! Breaking 20k would take us to 200k if it happens again. I know we can't compare because it takes a lot more money to reach those levels but when we were below 1 k people were talking about the 2013 bull market and saying the same thing that we went from 300 to 1000 in a month but a 3x rise from ATH won't happen because it's a lot of money. Do you even remember today what people were saying when we were going through 3k? No? I don't remember it too because it was so fast.
Everyone forgets, incorrectly thinks Bitcoins price is decelerating, and gets lulled to sleep. Here is a mathematical model of what you are referring to:
McAfees Dick Math: illuminating Bitcoins ACCELERATING pricei believe that the more we move forward as the market size grows, the less drastic the big swings are going to be. meaning both rises and falls are going to happen in a more reasonable percentages. it is about more adoption and more packed order books that makes it so that when a big buy or a sell take place the price wouldn't jump up or down 30%!
so with that logic this upcoming rally price should go up to about $300k since last time price went up from $150 (the bottom) to $19900 which is 13166%. with the current bottom being $3200 that means reaching $424,512 which if it becomes smaller we should reach $300k instead
Everyone seems to think Bitcoin is decelerating, but its actually accelerating. My theory as to why is because of the upcoming readoption of legacy Bitcoin and the destruction of the Bitcoin Core imposter soft-fork, thus focusing wealth as most people are kicked off of Bitcoin and their BTC is donated to the miners. Whales never sell, thus the liquid float will decrease. Everyone seems to think Bitcoin needs to scale transaction volume, but I posit that was never the intended purpose of Bitcoin when the global elite created it.
My (and apparently McAfees) theory is you are being deceived by mismatching your comparisons of peaks from different topological sets. See the above link to McAfees Dick Math.
Your $300k is also my lowest level target for 2020. But $1+ million may be more likely if you believe the (unpublished) math McAfee claims.in 2012 and 2016 halving, people still put a lot of doubts in bitcoin saying bitcoin will have zero value, majority did not believe that bitcoin will be worthy in the future and then the price skyrocketed, proven they all wrong.
nowadays majority so over confident about the upcoming bitcoin halving making speculation it will worth 5 to 20times from the current price , guess what should happen? the price fall down , prove the majority wrong?
Instead I posit that everyone will be destroyed by the SegWit attack at the halving and then the price will go much, much higher than anyone expects. But this attack is going to hoist huge income taxes on everyone due to the free airdrop of the Core tokens when it is forced to hard fork-off.
The majority is always wrong, but never in exactly the same way. New tricks are the up the sleeves of our slave masters who created the 666 Bitcoin.