John mcafee predicts the price of bitcoin will reach 50000 dollars by 2020

2019-03-07T19:25:32.000Z Honest Cash

Bitcoin is a digital currency (cryptocurrency). Bitcoin is the first and most famous cryptocurrency among all cryptocurrency.

Bitcoin is also a decentralized currency, meaning no person or company is in control of how Bitcoin is produced or distributed.Bitcoin is not like a normal currency

Bicoin is only produced with a total of 21 billion coins in the world. If total coin

The value of trading in Bitcoin has proven to be very volatile and many people see Bitcoin as a better storage of assets than fiat money that is supported by the government.

What is the prediction of Bitcoin by well-known investors, John Mcafee :

John McAfee is the founder of McAfee software and Bitcoin followers who believe Bitcoin will reach $ 1 million by 2020 after last year's prediction of $ 7,000 has been exceeded.

John McAfee said :

When I estimate Bitcoin at $ 500,000 by the end of 2020, it uses a model that predicts $ 5,000 by the end of 2017. BTC is faster than my model assumes and now I predict Bitcoin will reach $ 1 million by the end of 2020.