Around the BTC price happened in the last week a lot. But not only currently speculate on the price development of the Kings Coins as with any other crypto-currency. Again and again, Bitcoin News make the headlines, it is reported in which either the death of Bitcoin or the next moon forecast.Now, the American IT entrepreneur John McAfee, has recently launched its own Crypto-project to the market has caused, for just such headlines. McAfee is known for his insane Bitcoin forecasts, but this time he goes even further on the accelerator and increased his BTC rate forecast to 2 million dollars per BTC in 2020. How realistic is that? Especially in light of the latest developments from China?
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Update: BTC gives reason for hope
To the start of the week, the critics are still loud, have already said time and again that the next Crypto-Winter before. Towards the end of the week, the tide turned completely and the BTC price rose sharply. As the main reason for this is the statements of the state are seen as the heads of China, the Xi Jinpings, according to which China will push ahead with the Blockchain technology and to the leading Nation of the world.Since the Blockchain is well known, is also the technology behind Bitcoin and co., had the expected to be on the BTC price rally. So Bitcoin has seen within a few hours of a massive price increase that has been seen only a few times before in the history of Bitcoin. Up to now the rate is gone although back a little compared to the high point of the rally, doped but still with a big Plus in the weekly average.
John McAfee raises Outlook and provides Bitcoin News
Suitable to the upwind and at the Crypto and especially Bitcoin market John McAfee makes for interesting Bitcoin News. This is, once again, to the rate forecast, which has given McAfee a number of times by itself. This time, the Crypto-businessman is increasing its forecast of 1 million US $ 2 million for the year 2020. In the recent past, McAfee had raised its forecast of 0.5 million, $ 1 million.Here, McAfee says in an Interview, specifically:
Check the Numbers of the damned. If Bitcoin is to the end of 2020, less than $ 2 million, then the math itself is a flawed disappointment.
The full Interview can also be found in the following Video:
McAfee is clearly still bullish on #bitcoinhttps://crypto Monday.de/?r=https%3A%2F%2Ft.co%2FyPllV9Jds5— Francisco Memoria (@FranciscoMemor) October 23, 2019
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How realistic is the assessment?
For how credible you hold the BTC rate forecast of McAfee, and each of us must judge for themselves. It is established that 2 million US Dollar, in spite of the current bullish development is unrealistic, at least for 2020. It looks so, so, as McAfee would not stir up again, a lot of hot air in order not to lose at the end of his bet but because its use is for every man the Maximum of all feelings.Many experts base their predictions of a possible development on up to$ 100,000, or slightly more in the next Bullrun. This is consistent also with the calculations of the Bayerische Landesbank (Bayern LB), the Stock-to-Flow model and with the aid of a price of over$ 90,000 to the Halving in may 2020 sees. From the point of view of a traditional Investor, the already incredible Numbers. However, the prognosis of McAfee appears to be still unattainable.The future will show, the BTC price has once again shown that anything is possible. However, such engage in unfounded statements should be enjoyed with extreme caution. Always invested Wisely! If you are still in time want in BTC or other Cryptos place for you in our partners Plus500 do with 76.4 % of all CFD lose small investors ‘ money.John McAfee sees the BTC rate to 2020, with 2 million US dollars. What do you think about the forecast? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)