More

    John McAfee Argues: “Million Dollar Bitcoin (BTC) Price By End Of 2020 Is Conservative”

    In a recent interview with Coin Telegraph, John McAfee covered several aspects of cryptocurrencies and what Bitcoin’s price might look like in 2020. As an investor, McAfee was supposedly introduced to the giant back in 2011 due to peer pressure. Upon reading Satoshi’s Whitepaper, he realized the power that exists within it and has since been promoting it on any platform he was given.

    To him, cryptocurrencies can go two ways: the direction of totalitarianism or personal freedom. When asked how we would get a totalitarian system, he responded, “If we as a community buy into the government’s demands that they control crypto, or they make their own and insist that it is the one they use,” then we are in an uncomfortable and controlled situation. He supposedly fears this because of the fact that society is so used to listening to the government, which could potentially occur when dealing with the crypto sphere.

    The most interesting topic, as most investors will be keen to know, is where the crypto industry will be headed. According to McAfee, a permissionless transaction could happen in five years’ time. In particular, he said, “Fiat will be on its last legs […] We’re not using it anymore.” His argument is that as more and more people use cryptocurrencies, they will naturally put fiat currencies on aside, which will result in its value dropping. This also led him to trust that, “Million dollars by the end of 2020 is conservative.”

    When asked about the overall bitcoin industry, McAfee argues that, “It’s a cryptocurrency industry, not a bitcoin industry – of which bitcoin is simply a moving part.” He further adds that bitcoin is, “One cog in a very massive wheel.” In the near future, McAfee believes bitcoin might not be the number one player, but rather another or thousands – debating that it all depends on what the people prefer and the features that connect to them.

    Are you convinced with what McAfee has to say? Is there any “rationale” behind his million dollars by 2020 statement? Let us know in the comments below.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    1 COMMENT

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,351FansLike
    2,770FollowersFollow
    4,133FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Bitwise Plans To Target Retail Investors With Its Crypto Index Fund

    Bitwise has revealed that plans are underway to allow the retail market to participate in its large-cap index service. According to CoinDesk, Bitwise is working...

    Binance's Educational Platform Opens Up Government Approved Office in Shanghai

    Binance, one of the most popular crypto exchanges in the crypto-verse which also has many subsidiaries including Binance Academy (a blockchain and crypto-centred educational...

    XRP Trying to Retrace Months of Underperformance But Remains in a “Corrective” Structure

    XRP is up 12.5% but could still jump another 23%, A clean break above $0.21 would be “very bullish” Ripple granted an exemption...

    23k BTC on CME Futures and 50k BTC in Options Expiring Today

    Bitcoin is currently down 0.05% in the past 24 hours trading around $6,640 after hitting $6,872 last night, yet again rejected at $7,000 level....

    Microsoft Files Patent To Mine Cryptocurrencies With Verified Body Activity Data

    Giant software manufacturer, Microsoft is seeking to capitalize on the new crypto hype. The firm is seeking to introduce its own cryptocurrency that will...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.