Post
Topic
Board Bitcoin Discussion
Re: If bitcoin doesn't reach $500K in 3 years....
by
ostrogoto2012
on 26/07/2020, 22:47:11 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.

That statement by John Mcafee was made out if confidence in the fact that bitcoin was moving fast like wildfire withut the interference of government and other financial regulatory agencies globally. I understand that it may be an extreme self inflicted challenge but it only goes to show his confidence in the technology and all it brings. But it ain't all that easy as it sounds, normal market forces will playout in the long run that will alter it.

John Macfee mentioned in some twitter post that was only a joke.  Regards bitcoin price 500K i think is just made by people who speculate on price , it could never go up like to 500K$ too much.