RATE Group | Bitcoin Price Could Still Hit $1 Million in 2020, Insists Crypto Baron John McAfee
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Bitcoin Price Could Still Hit $1 Million in 2020, Insists Crypto Baron John McAfee

14 Dec Bitcoin Price Could Still Hit $1 Million in 2020, Insists Crypto Baron John McAfee

Posted at 03:08h in Cryptocurrency News by

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Cybersecurity vet John McAfee still believes that Bitcoin could still reach $1 mln by December 31, 2020, despite the coin’s gloomy price action.


When asked whether his uber-bullish prediction still holds, McAfee succinctly replied: “You bet.”  



Bitcoin Price Predicted to Skyrocket to $100,000 in 2020 by Silk Road Founder Ross Ulbricht


Back in October, the septuagenarian explained the rationale behind his million-dollar call. McAfee believes that Bitcoin is primed for another explosion because of its scarcity and increasing adoption (he expects Bitcoin to be responsible for up to 20 percent of all transactions). 


During his exclusive interview with U.Today, he claimed that Bitcoin was the very first automatic deflationary currency in history, and the end of 2020 was still too far away to dismiss his forecast.   


“There are only 21 million [coins] that can ever exist, and 18 million [coins] have already been mined. This leaves only 3 million left, and it will take many years to…

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