John McAfee, a renowned computer programmer and founder of McAfee antivirus software, claimed that it was impossible for the Bitcoin price to be lower than $ 1 million by 2020.
The British-American cyber security expert was the only criterion for justifying the six-digit forecast for Bitcoin.
Biting that the behavioral economy of Bitcoin is completely different from that of stocks, McAfee said that stock paradigms and formulas cannot be used to understand the future value of the largest crypto money.
Come on people !!! It's time to brush up some basic math skills and run some f * ^ # $ ng numbers !!!! It is mathematically impossible for Bitcoin to be less than $ 1 billion by the end of 2020. Bitcoin is not an effing stock !!! You can't apply stock paradigms or formulas and expect answers! pic.twitter.com/KM6qVX204R
– John McAfee (@officialmcafee) April 15, 2019
How did $ 1 million come to an end?
The famous computer programmer said in May 2018, how he found the $ 1 million du There are several ways to achieve this estimate. The most common way is to take the number of Bitcoin's users. Bitcoin is expanding its user base, increasing bitcoin and demanding Bitcoin with salary payments. First, I looked at the number of users and user growth. I thought it might be 3 or 7 million dollars. Secondly, I believe that this is more valid, I went through the mining route. The latest Bitcoin will be issued 5 The miners will cost him $ 4 billion to $ 5 billion. This bitcoin should be worth more than its cost. Even if it cost a billion dollars, why don't you come back from there and find the end of 2020? It's probably $ 5 million… So $ 1 million is out of the estimated lower range, so I'm pretty sure çok And not just Bitcoin alı There are 2000 other digital currencies… You can't stop them. You can't change them. You can't control them. Accept them and try to correct your life to make it real. In the 1930s we made a law that you cannot drink alcohol. At that time, we were consuming more alcohol than any period in American history. Arı
McAfee thinks that people will start to use Bitcon for payments and receipts over time, and in the long term they will stop using currencies such as US Dollars, Euros and Chinese Yuan.
Bitcoin needs to grow by more than 19,000 percent
Bitcoin is currently trading at $ 5200 on the crypto money exchange Bitstamp. For McAfee's prediction, crypto money must grow by more than 19,000 percent by December 2020.
McAfee may be right that Bitcoin will reach $ 1 million, but 2020 seems too early for that.