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John McAfee doubles up his Bitcoin price prediction to $2 Million per BTC by end of 2020! In the latest John McAfee interview he says, “Run the f***ing numbers. If Bitcoin is less than $2 million by the end of 2020, then mathematics itself is a flawed disappointment.” McAfee’s latest call for a $2 million Bitcoin by the end of 2020 may seem a bit far-fetched but hear him out. Despite even the most optimistic models falling short of that value, here are five reasons why his prediction may not be so cra

John McAfee doubles up his Bitcoin price prediction to $2 Million per BTC by end of 2020! In the latest John McAfee interview he says, “Run the f***ing numbers. If Bitcoin is less than $2 million by the end of 2020, then mathematics itself is a flawed disappointment.” McAfee’s latest call for a $2 million Bitcoin by the end of 2020 may seem a bit far-fetched but hear him out. Despite even the most optimistic models falling short of that value, here are five reasons why his prediction may not be so cra

Up until early 2018, major cryptocurrency markets the likes of South Korea and Japan demonstrated high premiums for Bitcoin. At the 2017 peak, when the Bitcoin price was trading at around $20,000 in the U.S. spot market, Bitcoin was being traded in South Korea’s cryptocurrency exchange market for around 26,000,000 Korean won, equivalent to about $22,000. This difference is now known as the Kimchi premium.

Up until early 2018, major cryptocurrency markets the likes of South Korea and Japan demonstrated high premiums for Bitcoin. At the 2017 peak, when the Bitcoin price was trading at around $20,000 in the U.S. spot market, Bitcoin was being traded in South Korea’s cryptocurrency exchange market for around 26,000,000 Korean won, equivalent to about $22,000. This difference is now known as the Kimchi premium.

Bitcoin (BTC) is a superior currency that frees people, commented venture capitalist Tim Draper (Bitcoin Bull) in an interview with The Bitcoin of Crypto Street. In Tim Drapers own words, “All of a sudden, we have a currency that is not tied to a government and not tied to a geographic territory. “BTC also serves as a store of value, while being cheaper in comparison to bank or credit card transactions.” “That frees us, because governments have always used that currency to control us,” he added.

Bitcoin (BTC) is a superior currency that frees people, commented venture capitalist Tim Draper (Bitcoin Bull) in an interview with The Bitcoin of Crypto Street. In Tim Drapers own words, “All of a sudden, we have a currency that is not tied to a government and not tied to a geographic territory. “BTC also serves as a store of value, while being cheaper in comparison to bank or credit card transactions.” “That frees us, because governments have always used that currency to control us,” he added.

Despite a fall this year of around 40%, many Bitcoin price metrics are still overwhelmingly bullish. The number of addresses holding over 1,000 coins, and the number of Bitcoin millionaires have both increased this year alongside network health indicators such as hash rate. The number of BTC addresses holding more than a thousand coins has hit a high of over 2,000 this month.

Despite a fall this year of around 40%, many Bitcoin price metrics are still overwhelmingly bullish. The number of addresses holding over 1,000 coins, and the number of Bitcoin millionaires have both increased this year alongside network health indicators such as hash rate. The number of BTC addresses holding more than a thousand coins has hit a high of over 2,000 this month.

John McAfee, known for his brave Bitcoin price prediction that the BTC price will reach $500,000 next year, defended his recently doubled down forecast of $1 million per coin in 2020 during a Forbes interview. In the interview, McAfee argued that the main trigger for Bitcoin’s surging price will be its scarcity. BTC’s supply is limited to 21 million coins, and a significant proportion of that has apparently been lost forever.

John McAfee, known for his brave Bitcoin price prediction that the BTC price will reach $500,000 next year, defended his recently doubled down forecast of $1 million per coin in 2020 during a Forbes interview. In the interview, McAfee argued that the main trigger for Bitcoin’s surging price will be its scarcity. BTC’s supply is limited to 21 million coins, and a significant proportion of that has apparently been lost forever.