John McAfee continues to tell Bitcoin investors to stay strong and HODL. He continues to be extremely active on Twitter and he still holds onto his $1 million Bitcoin price prediction by 2020. Here's his most recent comment from Twitter on the future of Bitcoin below. I wonder if Bitcoin miners will continue to mine even if it becomes unprofitable on a day to day basis, however as McAfee states the price of Bitcoin is still expected to outpace the mining difficulty in the long-term.
I also remember watching this video on YouTube below where John McAfee makes his point by saying that the $1,800 price of Bitcoin around July 2017 was impossibly low and that Bitcoin could not sustain such a low price. So whether you think McAfee is absolutely crazy about his Bitcoin price predictions or not he has been right at least a few times so far.
I personally was mining Bitcoin everyday about 1 year ago, but I stopped recently because I don't have access to really cheap electricity, and I haven't decided to move to another country or state to be able to mine Bitcoin more profitably. If the price of Bitcoin hits $50,000 a coin, I'll have to consider a move, lol.
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In the video he makes a point of saying that the Bitcoin price prediction of $1 million is only possible with the devaluation of the U.S. dollar and other international currencies.
What are your Bitcoin price predictions? Let me know your thoughts below. Thanks!
