Bitcoin at $1 Million by 2020: McAfee Doubles Down on Bullish Bet

John McAfee, whose fame exists rather heavily due to the software company he founded in the late 1980s, took to Twitter yet again on February 2, 2018, to reaffirm that he was indeed bullish on bitcoin. In an attempt to predict bitcoin’s price at the end of this decade, McAfee had previously stated that it would reach “$500,000 by the end of 2020”. In November 2017, he tweeted that the cryptocurrency had accelerated much faster than expected, causing him to raise his prediction to $1 million instead.

Interestingly, McAfee has been a rather strong proponent of the bitcoin fork, Bitcoin Cash (BCH). He even alluded to the two cryptocurrencies potentially battling it out for the top position sometime in the future. Most Bitcoin Cash supporters believe that the original bitcoin is too bloated and unusable as a currency or substitute for cash, thus necessitating the fork. McAfee not only believes that BCH is a possible cash-based payment system, but also that it may dethrone bitcoin as the de facto cryptocurrency. That said, his BCH vision surprisingly does not jeopardize the one in which bitcoin reaches $1 million within the next couple of years.

Source : https://www.ccn.com/despite-bitcoin-crash-mcafee-holds-his-1-million-by-2020-bet/