John McAffe made a new personal prediction on bitcoin’s price – $1 million by the end of 2020.
He said on twitter that:
When I predicted Bitcoin at $500,000 by the end of 2020, i 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 dick if wrong.
As a reminder, McAfee’s new company, MGTI, fashions itself to be North America’s largest bitcoin miner – leveraging up to purchase high powered machines to mine the valuable cryptocurrency.