John McAfee relies on a $ 1,000,000 Bitcoin (BTC) prediction and publishes a difficult date

John McAfee Stills expects Bitcoin to reach seven digits

By the end of 2017, as BTC exceeded key levels each day, we reported that tech guru John McAfee had predicted that Bitcoin would be getting a million dollars by the end of 2020. He put his virility in danger.

And while cryptocurrency has obviously dropped considerably since, it has recently doubled this ambitious forecast in a tweet. In response to the million-dollar forecast issued by another crypto-computing enthusiast, McAfee, currently on the run from US authorities, said it was certain that BTC would reach the $ 1 million mark. Here on December 31, 2020, adding that he "never loses his bets". McAfee, cynical, added that the pbading of this price by Bitcoin is possible because "two years, it is long".

Although it seems categorical that he will be true to his prediction, dickline.info, a website created to follow McAfee's stealth call, BTC is currently 89.5% below its goals.

Prediction "conservative"?

While a million dollars seems like a wacky sum, McAfee has repeatedly stated that it was only a conservative estimate / forecast. According to previous reports from Ethereum World News, the presidential candidate explained that the growing number of transactions and individuals using the Bitcoin network indicates that the true value of BTC is increasing dramatically.

McAfee, the creator of the cybersecurity giant who shares his last name, then added that the short-term downtrend in the cryptography market should not trouble investors, as he pointed out that "artificial pressures" n & # 39; 39 had created only "temporary" gaps for cryptographic badets. . As such, taking a forward-thinking approach, McAfee said that if "you follow the usage curve" [of Bitcoin]", $ 1 million per BTC by 2020 (its initial prediction) is conservative, adding that ultimately, BTC will be valued by its use, not by speculative factors and investors.

And, interestingly, he is not the only one on the channel to think that a seven-figure evaluation of Bitcoin is not irrational. At an IBM-run event, Jesse Lund, head of the technology giant's blockchain division and digital badets, told the cryptocurrency branch of Finder.com that he believed in Bitcoin, particularly in long term. Mr Lund pointed out that even if BTC reached only $ 5,000 by the New Year's Eve, the digital badet would begin to run in the years to come.

Travis Kling, director of investments at Ikigai, recently released a chart describing how BTC could move to a seven-figure valuation. The graph, taken from Crypto Voices, shows that if Bitcoin manages to absorb all the fiat and gold holdings in circulation, the badet would have a fair value of $ 1.5 million. This, of course, was theoretical. But many are convinced that the flagship cryptocurrency will soon begin to make its way into the world of traditional finance.

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