by Alexander Romero 
A $2 million Bitcoin at the end of 2020 according to John McAfee.
John McAfee, creator of the McAfee antivirus, had already attracted attention with its initial forecast of a $1 million Bitcoin in late 2020.
In a recent interview with Jessica Walker following the Malta AI Blockchain Summit, McAfee revises his prediction with a new Bitcoin price at $2 million at the end of 2020.
Considered unrealistic, doubling the price of its Bitcoin price estimate is even more surprising if we stick to the simple technical analysis and growth cycles of Bitcoin since its creation.
John McAfee is a very intelligent person and you wonder how he gets such a price for Bitcoin at the end of 2020, it would require a huge capital inflow in the crypto market and in Bitcoin to raise the bitcoin price at this level.
That would mean that the dollar is worthless and that a financial earthquake has passed by, a financial crisis that is announced with notably the FED (American Central Bank) which keeps injecting dollars into the American economy via QE or quantitative easing.
The Fed simply prints dollars and injects them into the financial system to keep it afloat so that it does not collapse. They print dollars like in a Monopoly game.
Arthur Hayes, the CEO of Bitmex, also predicted a rise in the price of Bitcoin BTC in the short term to $20,000 because of the FED practices that abuse quantitative easing precisely.
John McAfee persists by doubling his estimate for the price Bitcoin end 2020 and said in this video that if at the end of 2020, the price of Bitcoin is not 2 million dollars as he says it is that mathematics do not work!
The creator of the famous antivirus believes that only a small percentage of the world’s capital invested in Bitcoin is needed for its price to reach those amounts that seem unrealistic.
He insists that there will only be 21 million Bitcoins in the world, including several million BTC lost forever.
From there, he concludes therefore that in the long run, the limited supply of Bitcoin associated with a percentage of global finance that would enter Bitcoin would bring Bitcoin prices to that price level.
2020 is for him a key year for Bitcoin and cryptocurrency.
John McAfee who just launched a decentralized crypto exchange the McAfeeDex.
By the end of 2020, we will know if John McAfee’s prediction was crazy or not.
It is certain that the media and the crypto community will remind him of his predictions if what he announces does not happen.
