John McAfee’s prediction of $1,000,000 Bitcoin (BTC) by the end of 2020 has been around since 2017. The forecast has seen a host of resistances from crypto pundits who see the prediction a little too exorbitant.
However, a crypto expert has reopened the topic, claiming that only a linear thinker will be perturbed about the distinct prediction.
A lot of analysts make up the crypto sphere. Some are bearish while some are bullish. There have been lots of predictions regarding digital currencies, especially Bitcoin (BTC), but John McAfee’s prediction of $1 million Dollar eclipses all.
Tim Draper, the founder of Draper University had also predicted $250 thousand Bitcoin by 2022. Tom Lee, Co-founder at Fundstrat also highlighted some signs to support his prediction of BTC surpassing its All Time High by 2020.
After McAfee’s bold prediction, some analysts that believe in Mathematical formula are beginning to subscribe to his forecast.
Time-Traveler Who has Ever Been Accurate Predicted $1 Million By 2021
Luka Magnotta, a self-proclaimed time-traveler, who has never been wrong since 2010, claimed to have seen as far as 2025. According to his message shared on twitter by Crypto Rand, there is greater future awaiting Bitcoin, its teeming enthusiasts and investors.
Read the excerpt of the message below:
“…From now on, there’s a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021.”
The #Bitcoin time-traveler has been right since 2010.
He is targeting $100,000 for 2019. pic.twitter.com/1S930a43ig
— Crypto Rand (@crypto_rand) May 28, 2019
McAfee will not have to eat his di*k if the above prediction can come to reality in accordance with the allocated time.
Omar Bham Says Linear Thinkers Gets Perturbed with $1 million Bitcoin’s Prediction
Omar Bham, a YouTube content creator and crypto analyst wonders why people are perturbed about the hypothesis that surrounds Bitcoin (BTC) attaining $1,000,000. He noted that only linear thinkers will get disturbed.
He said “People that are perturbed by the hypothesis that BTC will indeed reach $1,000,000, or more, are likely thinking linearly. Remember: Your portfolio goes up in percentage terms, and not *really* in dollar amounts.”
Bham concluded by pointing that Bitcoins in circulation are countable with minimal supply. So, the price of Bitcoin is liable to explode exponentially when the demand for it gets outstandingly high.
“Bitcoin is finite, and in very short supply, compared to the U.S. Dollar. Significant demand will it’s explode price exponentially.”
Bitcoin (BTC) in the Market
Bitcoin has not seen a significant price upsurge since its last surge towards $9000 mark. At press time, BTC is trading at $8,681.79, with 0.46 price plummet in the last 24 hours. There’s hope the price of the digital asset will skyrocket and go beyond its all-time high.
Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.