Post
Topic
Board Bitcoin Discussion
Re: If bitcoin doesn't reach $500K in 3 years....
by
kryptqnick
on 19/07/2020, 10:46:58 UTC

source

^ I'd forgotten about this self-imposed challenge  Grin

We know that he backtracked but I just want to remind everyone that even crypto personalities can't predict the market and they get it wrong most of the time. Do not fall for their "expert" opinions. Some of them are paid reviews/opinions anyway.
McAfeee is a weird guy with changing views. But the fact itself is quite sad. I mean, that it was so realistic 3 years ago that Bitcoin would cost $500k that a popular person was so sure that he said such a thing. And here we are, three years later, with Bitcoin still never making it past ATH or even getting close. It does currently cost almost 4 times more than it did in July 2017, though, so it's not that bad. When I think about Bitcoin costing $20k, I don't realize it was such a long time ago. Bitcoin really has been struggling for too long this time. But maybe it's not meant to be worth dozens of thousands of dollars, and it might even be okay if we think of Bitcoin's future as money.