John McAfee confirms his prediction of a $1 million Bitcoin BTC at the end of 2020
by Alexander Romero 
John McAfee confirms his prediction of a $1 million Bitcoin BTC at the end of 2020.
John McAfee, famous for having created the antivirus of the same name, persists and signs his prediction of a Bitcoin BTC at the price of one million dollars at the end of 2020.
2020, it’s tomorrow and something really important will have to happen for Bitcoin to reach this price range.
John McAfee is known in the crypto community as a fervent defender of individual freedom and therefore cryptocurrencies like Bitcoin BTC.
He would also be a candidate for the US presidential election, not credible as he has not paid taxes to the American tax authorities for years and is therefore outlawed.
To get back to his prediction of a Bitcoin BTC at $1 million at the end of 2020, John McAfee has posted his prediction on Twitter again:
Ignore this drop in Bitcoin's price. I am firmly with Peter Brandt in his medium term $50k price prediction. I am also firm on my $1 mil price by the end of 2020. Stop wringing your hands! Watch GOT reruns, or woo your spouse or finish off your drug stash. All is well. pic.twitter.com/gMFdLaVkQc
— John McAfee (@officialmcafee) September 30, 2019
He says that he agrees with the price prediction of a $50,000 Bitcoin by Peter Brandt (a known trader in the crypto community and a very old trader for decades).
Peter Brandt, who predicts a $50,000 BTC Bitcoin as the next high after Bitcoin BTC has finally completed his correction.
The Bitcoin BTC price which is currently around $8,000 following the recent Bitcoin Crash and its drop of almost $2,000 the other day.
Peter Brandt’s price prediction of BTC is quite credible, but John McAfee’s is much less predictable.
A $1 million Bitcoin would certainly mean that the international financial system has collapsed and that the USD dollar is worthless.
For a Bitcoin BTC to be priced at $1 million, there must be a transfer of value to this new asset that is actually sometimes called the new gold or digital gold.
A safe haven such as precious metals.
John McAfee had said this to explain his price prediction of $1 million per BTC token:
“In any case, do some calculations!”
“If bitcoin accounts for 5% of global financial transactions, it will get there you all know this.”
“I’m just a very conservative man.”
“I said $1 million and I stick to one.”
Nothing is impossible as it can be said sometimes but the gap between $8,000 today and $1 million in a year is huge.
The financial system is currently showing signs of weakness, the FED (the US central bank), has recently injected tens of billions of dollars into the US economy!
Alarming fact that had not occurred since the last global economic crisis of 2008.
Same period of time when Bitcoin BTC was created in response to the bailout of banks by governments.
These cash injections in billions of dollars seem to keep a financial system afloat, which is therefore based solely on dollar bill printing, QE or quantitative Easing.
Arthur Hayes, CEO of Bitmex, also recently referred to quantitative easing, predicting a $20,000 Bitcoin BTC in the short term.
The future will say if John McAfee was right, see you in a year to see if 1 Bitcoin is worth $1 million!
