Home John McAfee says that the Bitcoin price staying below $1 million by the year 2020 is impossible
Crypto News

John McAfee says that the Bitcoin price staying below $1 million by the year 2020 is impossible

FX Street
Published date:
  • Bitcoin staying below the $1 million price mark is impossible given the mathematics according to John McAfee.
  • BTC/USD on Monday is trading in minor positive territory, moving within a bullish pennant pattern.

The closely followed British-American cybersecurity expert detailed his prediction based on mathematics. He tweeted:

Come on people!!! It’s time to brush up your basic math skills and run some f*^#$ng numbers!!!! It is mathematically impossible for Bitcoin to be less than $1 mil by the end of 2020. Bitcoin is not an effing stock!!! You can’t apply stock paradigms or formulas and expect answers!

BTC/USD price action is trading with minor gains on Monday of 0.70%. The price is moving within consolidation mode, having formed a bullish pennant pattern, subject to a potential breakout higher.

 

BTC/USD daily chart

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2025