John McAfee on Bitcoin: ‘You Can’t Stop It’, Reiterates $1 Million by 2020 Price Target

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His rational is a bit interesting to say the least, though I am not sure I fully agree with it. However, I also can't really say I fully disagree with it either. Basically he works backwards, projecting when the last few coins will be mined and the costs that will be associated with mining those coins. His theory is that if the costs are projected to be roughly "X" amount than the price of what is being mined must be many times more valuable than "X".

More than just financial reasons, I just hope he's right so I don't have to watch him eat something that I really don't want to see. I just visited his former home in Belize. He is still a hot topic of discussion bitcoin worth 1 million by 2020. Read up on his WIKI:. At that time, McAfee was in bed with his girlfriend, who, McAfee said, was traumatized by the incident.

A GSU press release stated that McAfee was arrested for unlicensed drug manufacturing and possession of an unlicensed weapon.

On November 12,Belize police started a search for McAfee as a "person of interest" in connection to the murder of American expatriate Gregory Viant Faull. Faull was found dead of a gunshot wound on November 11,at his home on the island of Ambergris Caye, the largest island in Belize. The magazine Vice accidentally gave away McAfee's location at a Guatemalan resort in early Decemberwhen a photo taken by one of its journalists accompanying McAfee was posted with the Exif geolocation metadata still attached.

On December 5,McAfee was arrested for illegally entering Guatemala. Shortly after he was placed under arrest, a board to review McAfee's plea for asylum was formed. The committee denied his asylum, so he was taken from his holding facility to a detention center in order to await deportation to Belize. As of JanuaryBelizean police have presented no new accusations, and they have not persisted in seeking McAfee's imprisonment for any of the crimes of which they accused him.

However, they have auctioned off McAfee's seized assets, and his home was burned down under suspicious circumstances. On August 2,McAfee was arrested in Henderson County, Tennessee, on charges of one count of driving under the influence and one count of possession of a firearm while intoxicated.

Wow, he's a brave man betting his dick like that hehe. Then again, who would have bet Bitcoin would reach 19K on ? I was certainly surprised by that.

Also, we'll have to see what dollar inflation behaves like ina lot depends on that and how long the Stock Market can remain on the green without crushing precipitously. I'd be very happy if it was at k bitcoin worth 1 million by 2020 bybest of both worlds: P Knowing McAfee, he he'd probably enjoy making good on that bet.

Haha, that is pretty funny. Heck, now that I think about I wouldn't hold him to that bet if bitcoin was any number by then. I used to listen to what he is saying, but stopped while ago as IMO he is just a pump and dump man! And I don't believe that bitcoin will ever be worth that much. We all know that it is not the best coin at all. People tend to have some sentiment towards bitcoin, but those aren't worth that much. That would be really nasty!

I just hope he's right so I don't have to watch him eat something that I really don't want to see. Interesting logic he uses McAfee is a damn wild man. Still baffles me as to why he has such a following within crypto. Entertaining nonetheless and free publicity for him. Half the time he sounds incredibly smart, the other half he sounds incredibly out there. I just hope it's the first half that is making these predictions. Bitcoin worth 1 million by 2020 tips for a new steemer? Any advice would be most appreciated: Its not that Bitcoin will gain any real value.

One Bitcoin will still be one Bitcoin. Other currencies will be obsolete and worthless. What do u think jrcornel? Yeah hope he is right for his own sake: But in crypto world logic can be sometimes deceiving Just posted like 2 hours ago about John Mcaffe and his dick eating bet.

Hoping he does a livestream of it. I think bitcoin worth 1 million by 2020 has studied the chart and figures before picking 1million. That's why he is convinced about it. That's a very odd rationale for the price of bitcoin to go up that high. No talk on the utility of the coin in relation bitcoin worth 1 million by 2020 the other cryptos.

I still think that bitcoin is doing well because of the market's appetite for risk right now. When investors run for safety like in the case of a bitcoin worth 1 million by 2020 I don't know that they would bitcoin worth 1 million by 2020 run to bitcoin.

He is wildly out, he has to be but There is always that what if he's right thing going on. I mean who among us would like to be the person who sold their 0. It totally could be, he has a huge following and announcements like this get even more mainstream folk in a froth.

Bitcoin will not be a utility, but a store of value long term. If Bitcoin can capture just 0. When the World Bitcoin worth 1 million by 2020 crash in the next months, and people seek out safe havens, John's forecast of Bitcoin is a very fair value of long term.

The reality is that the only people running away during these little price drops are the weak handed fools that thought they could jump into a market they know nothing about and and make it rich overnight. They have no idea what they are investing in and why. Anyone who is a true believer knows the potential of the crypto market and the value of Bitcoin being king of that market.

Why is this even news? Macafe is in the crypto promotinal business now and has been for quite some time. Well we will see that for sure! If his claims the value or his part gets vanished in the thin air. This is a great analysis work. Early inwhat about the market, we know that. Eagerly wait for this moment. If done that will be great revolution of Cryptocurrency. People will cash out before it gets to 1 mil. Man cannot bluff for such a high mark while talking about bitcoin.

Bitcoin worth 1 million by 2020, I think it's a little high forbut who knows. No one thought it would get as high as it did back in December. To hear the speech version of this post click the Play link. Brought to you by tts. It you find it useful please consider upvote this reply. Or he will eat his what? More about his original claim can be seen here: How does he come up with that price you might be wondering?

Give the video bitcoin worth 1 million by 2020 listen if you get a chance, pretty interesting stuff in there. Here's to hoping he is right! Authors get paid when people like you upvote their post. Read up on his WIKI: John McAfee what a character still cant get my head around him!

That dude is crazy enough, he will eat his dick! That is a pretty scary chart for anyone saving dollars He just Jinxed it Maybe that is part of his plan to keep people from selling? Bitcoin is actually a good coin to thank you for posting about Bitcoin.

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If what these business leaders say is true then Bitcoin could hit over a million dollars per coin in the next ten years. There are a lot of indications that point to that possibility but watch this video and you decide. Bitcoin Versus Normal Fiat Currency by luzcypher. Learn more about Basic Universal Income here. I don't know if anybody can guarantee anything with crypto. I think Bitcoin has a good chance of reaching crazy heights.

But, it could also be different.. Ethereum has come close already to dethroning Bitcoin, and we are only in the early stages of blockchain development. Who knows what the future may hold.. It is interesting that the conversation has changed from whether bitcoin is real or not to which crypto will win.

I think the alts will win the transaction space because of their speed and inherent lower cost. But Bitcoin remains the trusted entry and exit point for most which means it will at least get the benefit of the bulk movement from Fiat into crypto. That keeps it in demand for some time. Not sure how many Bitcoin Roger Ver still has. Still depends on when near term is though.. If it's by the end of this year? Right now I wouldn't dare to really bet on how high it will go in the short term.

The market seems way enthusiastic.. At some point maybe next year the FOMO will be unstoppable! I guess we should always define our terms. For me long term is greater than 10 Years. Mid term is 3 to 5 years. Short term is anything less than 1 year.

Perhaps in this world I should look at redefining my terms since everything changes so quickly. I have a personal goal of doubling net worth every 3 to 5 years from all sources. Cryptocurrencies are becoming a valuable contributor in a very short time. And you'd be doing yourself a disservice looking at that length of time when there is so much to be had when looking at a shorter timespan.

Ha ha OK I will step it up. I have only invested a small amount of money in crypto so far and I should be doing more. I have invested a lot of time in it though and that mainly through Steem. I am one year old now so that could be my new definition for long term. I actually think that should be my minimum period anyway because of the IRS rules on capital gains.

Tax returns are going to turn into spaghetti if I have to trace my way through all of the trades that I am inclined to do when my outlook is short only. I think as long as you don't convert it to fiat, and switch it between crypto's, there is no taxes in the meantime to do. Like, the USDT on exchanges isn't actually dollars So if you sold Bitcoin for USDT you did not actually sell for fiat and thus did not make capital gains?

I am not an expert and I am not sure there's even clear rules on this yet. Im thinking more along the lines of 50K in 3 years, rising exponentially every year is probably a stretch - but 1 million by is possible Then the money is just transfered around and used..

You don't need to cash out to fiat if you can buy everything you ever wanted with bitcoin.. No, no, because when you use an ATM card what happens behind the scenes is that your crypto gets sold for dollars and the merchant receives dollars. In essence if you spend crypto this way, you are 'selling' your crypto just as if you were selling it on the open market. The only way to keep crypto within the system is to find merchants who allow payment in crypto but which will actually hold that crypto instead of cash it out for fiat.

We're still some ways off from that point.. We may get there sooner if we do spend the bitcoins first, to get merchants used to the idea. Thx for this post: Bitcon continue to grow every seconds I'm into photography and art.. Whatever price it is, it'll likely rise in "fiat value" due to inflation. I've seen so many of these and the answer is of course NO. That's a bold claim but is it really possible? What do you think the price of Bitcoin will be by the end of this year, or in 5 years, or 10 years?

Authors get paid when people like you upvote their post. Ahhh, no man, in crypto the numbers are different. I view at it more like: I think it will hit 1 million on one condition..

People need to forgot about this idea of cashing out in a blaze of glory 10 years from now.. If everyone cashed out the market would collapse. Wouldn't it be nice? I also post about bitcoin in Indonesian. Dont forget visit my blog..