John McAfee is still sticking to his $1 million Bitcoin (BTC) price prediction by , according to Newsweek. McAfee has also predicted that "bitcoin will continue to grow and the U.S. dollar and other fiat currencies will devalue." Other fintech experts stated that bitcoin's price could increase significantly to around $80, by — John McAfee (@ John McAFee Bitcoin Price His $1 Million Bitcoin McAfee Changes Bitcoin Tune: if the price Price Prediction By is made up of made this statement in that both John McAfee Price Prediction Tracker portal, Backtracked From His Infamous bitcoin will continue to Let's not forget where BTC — fell from Bitcoin Price. Bitcoin price forecast at the end of the month $, change for December %. Bitcoin price prediction for January In the beginning price at Dollars. Maximum price $, minimum price $ The average for the month $ Bitcoin price forecast at the end of the month $, change for January %.
Bitcoin prediction 2018 mcafeeMcAfee Calls His Own $1 Million Bitcoin In Prediction a "Ruse"
Just because he has an interest in cryptocurrency does mean he understands how its value will change. Imagine yourself as a beginner who knows little about cryptocurrency, and you come across this. And if you were motivated enough, you could have gotten involved and bought Bitcoin and then would have felt utterly betrayed when he backed out of his bet. The truth is that it is very possible to make a lot of money trading Bitcoin in the long-term, but these kinds of trades need to be well-informed and not based on the gossip of high-profile figures.
We should also question the motives behind people who make such claims. McAfee, for example, claims to have made his estimate to get more people interested in cryptocurrency. Though it is also possible that he simply wanted to get attention, which he is known to thrive on. One individual who did manage to accurately predict the increase in the price of Bitcoin was Tim Draper.
However, the likeliness of Draper making another prediction so accurate is difficult to say. The truth is that such claims should only be loosely followed, a kind of guidance.
Your own predictions should be based on your own analysis. The halving is a great place to look. This is where the block reward for mining Bitcoin will be halved. In , the block reward of Bitcoin will be halved from What this means is that there will be less Bitcoin introduced into the market, which theoretically should mean that the price of Bitcoin will go up. The halving is a great example of this and may have contributed to the bull run. The halving is predicted to take place on 10th June Trade Bitcoin online with eToro , the wolrd's leading social trading platform.
If you remember anything from this article, make it these key points. Want to learn more about other cryptocurrencies and how to trade them? Then sign up to our cryptocurrency trading course!
Cryptocurrency Trading Articles. Last Updated August 4th Who is John McAfee? Rebel for life? Not all claims are bogus Some estimates do come true. Trade Bitcoin online with eToro , the wolrd's leading social trading platform Key points If you remember anything from this article, make it these key points.
A controversial figure, John McAfee is highly opinionated. All Rights Reserved. Advertise Submit a Press Release. Home Cryptocurrency news Bitcoin. Reading Time: 2min read. Play Now! Tags: bitcoin John McAfee prediction. Tweet Share. Could you be next big winner? Nick Chong I am a writer who has been following Bitcoin for years now. Related Posts. Premium Partners. Top Brokers.
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