John McAfee HODLs Strong On His Bitcoin Price Prediction Of $1 Million By the End of Next Year

  • John McAfee and Peter Brandt believe that Bitcoin will bottom out at $5,500 before bouncing back, reaching $50,000 by February.
  • McAfee predicts that Bitcoin will be worth $1 million each by the end of 2020.

It is safe to say that Bitcoin hasn’t had the best week. In fact, it’s had a pretty rough one, considering a loss of at least $2,000 in just a few days. At the time of writing, Bitcoin was worth $8,454.51, losing 6.66% of its value in the last 24 hours. However, always a man of interesting proclamations, John McAfee hasn’t lost faith in the original cryptocurrency. In fact, he is predicting major success for the coin, stating that he (like Peter Brandt) believes that Bitcoin will soon be making a bull run to $50,000, but not before bottoming out around $5,500.

McAfee, a tech entrepreneur, and cryptocurrency commentator doesn’t believe the recent dip in value is anything to be concerned about. In fact, he even challenged the public to completely ignore that the drop even happened. He reiterated that not only is he behind Brandt’s statements that a $50,000 price tag is coming, but he still believes that the $1 million Bitcoin is coming by the end of 2020.

His tweet refers to a recent prediction made by Brandt, who said that he thinks that Bitcoin will end up bottoming out at $5,500 and will see a $50,000 level by February 2020. McAfee has continually maintained that Bitcoin will end up being worth $1 million by the end of 2020, and it doesn’t look like this minor setback will be changing his mind at all.

McAfee is known for some interesting things. Not filing his taxes in the last seven years and has consistently been in favor of Bitcoin. Considering his preference to stay outside of the reach of the government, his interest in the decentralized currency is hardly surprising, as the government is unable to control it.

The only thing to do is to wait and see what happens now. If McAfee and Brandt are correct, then investors may want to keep their money invested in Bitcoin until it comes back from bottoming out.

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Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[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

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