fbpx
The Daily Chain
No Result
View All Result
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List
No Result
View All Result
The Daily Chain
No Result
View All Result
Home All News

John McAfee Doubles Down on $1 Million Bitcoin Price Prediction

Darryn Pollock by Darryn Pollock
21st October 2019
2 min read
0
John McAfee Doubles Down on $1 Million Bitcoin Price Prediction
0
SHARES
0
VIEWS
FacebookTwitterLinkedinTelegramEmailWhatsapp

One man that has not been afraid to share his thoughts on Bitcoin and the power it has to grant financial freedom to the masses is former tech mogul, John McAfee. The cryptocurrency advocate has often been in the media about his bold claims for the future of the technology, as well as his opposition to governments and limitations on freedom.

McAfee arguably made one of the biggest price predictions for Bitcoin – back in July 2017 before it had even reached its all-time high of $20,000. He said that if Bitcoin did not reach $1 million by the end of 2020, he would eat his own genitals. 

Now, unafraid of that prediction not coming true, McAfee has actually doubled down on his prediction for the price of Bitcoin, stating, during an interview with AIBCSummit, that the coin could reach $2 million by the same time point.

“Run the f***ing numbers. If Bitcoin is less than $2 million by the end of 2020, then mathematics itself is a flawed disappointment,” he stated.

This time, McAfee indicated were his predictions are coming from, and it is not just out of thin air like many would assume. The Bitcoin advocate is of the opinion that a number of mathematical, and by extension, economic, factors will push the coin to the price point – and he may not be wrong. 

Putting a number of Bitcoin is always a thankless and perilous task, but the reasoning from McAfee, based on maths, points towards the coin rising substantially in volume. 

In macroeconomic terms, Bitcoin’s supply is firstly capped – meaning there will never be more than 21 million coins in existence. But more than that, these coins are slowing in their circulating supply with the reward for unlocking a new block always halving at certain junctures. 

The fact that coins will join the circulating supply at a much slower rate in the next 100 years, as well as that they will be scarce when fully mined, and the market is still relatively small for its current adoption, only points to an increase in value. 

More so, McAfee could also point towards more external factors to back up his predictions as there is an ongoing wave of institutional adoption, especially in the blockchain space, and the investment with platforms like Bakkt breaking through. 

Tags: Bitcoinjohn mcafeePrediction
ShareTweetShareShareSendSend
Darryn Pollock

Darryn Pollock

Darryn has been interested in the blockchain and cryptocurrency space since he heard about Bitcoin in 2015. He then decided to use his journalism degree to report on this fascinating fintech space in 2016, and has not looked back since.

Related Posts

PayPal-Crypto
All News

PayPal reportedly eyeing purchase of Crypto Storage Platform Curv – Crypto Custody incoming?

4th March 2021
BTC Extends Its Rally Above $52K, while ETH Surges to New ATH
All News

Brave Enlists New Search Engine to Replace Google Browsers

4th March 2021
Bithumb investor has shares seized by Korean courts
All News

Report – former Bitmex CEO Arthur Hayes to surrender to US authorities

4th March 2021
Kings of Leon-NFT
All News

Kings of Leon Become FIrst Rock-Band to launch Album as limited edition NFTs

3rd March 2021
ETH Price Could Rally to $440 as DeFi Interest Surges
All News

ETH Price Flips Crucial Resistance Levels: Why Bulls Could Retest $2K

3rd March 2021
America’s IRS looking a lot closer at crypto transactions in 2020 tax returns
All News

Thailand SEC placates public after crypto draft law outcry

3rd March 2021
Next Post
Fortnite-like Game gets a Shot ofLightning Network

Fortnite-like Game gets a Shot of Lightning Network

Bitmain

Bitmain Cuts Ribbon on ‘World’s Largest’ Mining Farm in Texas

Please login to join discussion
  • All News
  • Editor's Picks

PayPal reportedly eyeing purchase of Crypto Storage Platform Curv – Crypto Custody incoming?

Brave Enlists New Search Engine to Replace Google Browsers

Report – former Bitmex CEO Arthur Hayes to surrender to US authorities

Kings of Leon Become FIrst Rock-Band to launch Album as limited edition NFTs

ETH Price Flips Crucial Resistance Levels: Why Bulls Could Retest $2K

Join our newsletter!

Enter your email to receive our newsletter.


Don’t worry, we don’t spam
ADVERTISEMENT

Popular Posts

  • Coinbase-Bitcoin

    Coinbase publicly reveals it has held Bitcoin on its Balance Sheet since 2012

    0 shares
    Share 0 Tweet 0
  • MIT announces 4-year project that seeks to strengthen the Bitcoin Network Security

    0 shares
    Share 0 Tweet 0
  • Google Finance launches dedicated Crypto Section

    0 shares
    Share 0 Tweet 0
  • BTC Market Endures Bias Conflict: Why BTC Prices are Wobbling Around $50K

    0 shares
    Share 0 Tweet 0
  • Zilliqa News: Token Swap Now Complete With 98% tokens Exchanged For Native $ZIL

    0 shares
    Share 0 Tweet 0

Market Updates

ETH Price Could Rally to $440 as DeFi Interest Surges

ETH Price Flips Crucial Resistance Levels: Why Bulls Could Retest $2K

3rd March 2021
Bitcoin Revisits $50K As Goldman Sachs Restarts Its Crypto Trading Desk

Bitcoin Revisits $50K As Goldman Sachs Restarts Its Crypto Trading Desk

2nd March 2021
BTC Price Pops Over $48K Amid More Institutional Buying

BTC Price Pops Over $48K Amid More Institutional Buying

1st March 2021

Media

hashoshi-alts (2)

Altcoin Season Picks / Projects with Huge Potential

9th September 2020
cardano-ADA

Hashoshi: Cardano Shelley is live… but what’s next is WAY BIGGER

19th August 2020
hashoshi-alts

Hashoshi: Low Cap Alts you need to be watching in 2020

5th August 2020
fomohunt-podcast

FomoHunt Podcast – Joe Vezz & Jon Farjo: Tracking Social Sentiment Waves with Lunar Crush

30th July 2020
ethereum-hashoshi

Hashoshi: Ethereum 2.0, Chainlink, Bitcoin Price, and more!

27th July 2020
fomohunt-podcast

FomoHunt Podcast – Joe Roets: Behind the scenes of “Open source money”

24th July 2020
The Daily Chain

The Daily Chain is a news platform and educational hub founded in January 2019. We are dedicated to providing unique and informative daily content across all facets of the blockchain and cryptocurrency industry whether it be news, opinion pieces, technical analysis, reviews, interviews, podcasts and more.

LEARN MORE »

Recent Posts

  • PayPal reportedly eyeing purchase of Crypto Storage Platform Curv – Crypto Custody incoming?
  • Brave Enlists New Search Engine to Replace Google Browsers
  • Report – former Bitmex CEO Arthur Hayes to surrender to US authorities
  • Kings of Leon Become FIrst Rock-Band to launch Album as limited edition NFTs

Information

  • About
  • Contact
  • Site notice
  • Risk Warning
  • Privacy Policy

Categories

  • News
  • Markets
  • Features
  • Education
  • Media
  • Reviews

TheDailyChain © 2020. The Home of Digital Assets

No Result
View All Result
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List

TheDailyChain © 2020. The Home of Digital Assets

At The Daily Chain, we are committed to protecting the personal data of our audience.
In light of the General Data Protection Regulation, we are asking our audience in Europe to consent to the use of cookies by The Daily Chain and its partners to continue to our site. These cookies are used to personalize your user experience (content and ads) and support and improve the site. Please click “I Agree, Continue to Site” below to consent to the use of this technology and continue to TheDailyChain.com. Visit our Privacy Statement to learn more. Cookie settingsAgree, continue to site
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

bitcoin
Bitcoin (BTC) $ 49,187.00 4.86%
ethereum
Ethereum (ETH) $ 1,557.43 3.15%
cardano
Cardano (ADA) $ 1.16 7.20%
binance-coin
Binance Coin (BNB) $ 236.99 5.77%
tether
Tether (USDT) $ 1.00 0.09%
polkadot
Polkadot (DOT) $ 35.77 5.44%
xrp
XRP (XRP) $ 0.447010 3.78%
litecoin
Litecoin (LTC) $ 184.70 4.72%
chainlink
Chainlink (LINK) $ 28.83 6.68%
bitcoin-cash
Bitcoin Cash (BCH) $ 512.48 5.39%
Newsletter

Join our newsletter!

Enter your email to receive our newsletter.

Don't worry, we don't spam