Bitcoin’s price is one of the most debated topics in the industry. While some say that Bitcoin is just a fad, others predict the price of Bitcoin to reach $1 million by 2020.
Several prominent people in the industry like Mike Novogratz, John McAfee, Tom Lee etc. have their own theory about what the price of Bitcoin will be at a certain point in time.
Predictions So Far
John McAfee, the creator of the famed McAfee anti-virus software and a tech/security expert, made a prediction about the price of Bitcoin on July 17, 2017, that took everyone by surprise. McAfee predicted that the price of Bitcoin would reach $500,000 by the end of 2020, he quickly adjusted his model and sent out another tweet which read:
“When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $1 million by the end of 2020. I will still eat my d*ck if wrong.”
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