The controversial John McAfee maintains his prediction that the price of Bitcoin (BTC) will reach $ 1 million, despite the cryptocurrency‘s record high reaching only $ 20,000. but the price of Bitcoin should increase 13,800% in 2020 to prevent John McAfee from eating “his words”.
McAfee, known for being the founder of antivirus software that bears the same name, is a rather controversial character inside and outside the crypto community. First because of what some call a “too optimistic” prediction about the future of BTC. Following his striking campaign to the presidency of the United States. And, for the grand finale, his disappearance and arrest in the Dominican Republic.
Although some rate the famous programmer as eccentric, this time he will try to explain why his predictions about Bitcoin make sense.
“Let’s face it, there are only 21 million Bitcoins (…) Seven million of which have been lost forever, and then, if Satoshi is dead, add a few million more.”
It is important to remember that Bitcoin has a limited supply of 21 million coins. Many of them have been lost, especially during the time when the popularity of the cryptocurrency was not so high.
In addition, it is said that the creator of BTC, Satoshi Nakamoto, also owns some. And if he dies, these tokens could be considered lost.
McAfee refers to this because the lower the offer of the asset and the number of people who want to acquire it increases, its price will then rise.
The programmer explains that if Bitcoin comes to represent between 10% and 20% of global financial transactions, then its price would skyrocket at about $ 10 million per unit.
However, in a series of tweets that appeared this month, McAfee retires. He explained that his statements were just a trick to get new users.
Currently, the bitcoin price is 8,144.13 USD and have a good look for this 2020, in my opinion, the price will take more than 30k this year.