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Bitcoin is God. The day of reckoning is upon us. He knows the ecosystem as well as anyone. Right with the institutional interest and news expected next year, be careful selling: only sell what you can afford to. John McAfee is best known as the creator of the popular McAfee antivirus software. And his opinions are exceedingly bullish, to say the least.
Especially if institutional interest keeps exploding. BTC has accelerated much faster than my model assumptions. I will still eat my dick if wrong. But McAfee has even bolder ideas, to be sure.
In an even newer Twitter exchange, McAfee explained that he believes the BTC price could reach into the billions one day. There are only 21 million Bitcoins. There are 2 billion working people in the world. But if that insane price materializes, McAfee will end up looking like even more of a madman genius than he already is. The cryptocurrency expert and venture capitalist, Tim Draper, has also given its opinion about the future price of Bitcoin.
According to him bitcoin and blockchain technology are one of the best things that happened for businesses. At the same time, he said that in the future Bitcoin could keep growing. About that, he is convinced that the cryptocurrency is the future and that the virtual currency market will gain its place among fiat currencies.
Why would I sell the future for the past? Why would I go and grab some weird fiat subject to the will of some governments? And I am really excited about all the extraordinary things that can happen because of crypto and bitcoin. Cameron Winklevoss is one of the two popular Winklevoss twins. The co-founder of the cryptocurrency exchange Gemini, stated that bitcoin could be worth 40 times its current value.
In order to explain why bitcoin could grow up to 40 times, he compared the cryptocurrency market capitalization with the market cap of gold. During an interview with CNBC he said:. And so a lot of people are starting to se that, they recognize the store of value properties. He has also said that due to the fact that bitcoin has a fixed supply, it is still a very underappreciated asset. Indeed, he stated that he and his brother believe that bitcoin disrupts gold. While speaking at the World Economic Forum in Davos, he brought some calm to the cryptocurrency market.
But Mr Singh said that the kind of volatility that bitcoin experienced is not unusual nor unexpected. In the past, Bitcoin suffered important corrections in just a few days. Cryptocurrency adoption keeps growing all over the world.
In past articles we wrote that enterprises are investing in blockchain technologies and virtual currencies. Businesses all around the world, including small shops and merchants, are adopting bitcoin and other currencies as a means of payment.
If the adoption trend continues, bitcoin could lead the market towards new all time highs. Additionally, payment processors are working with cryptocurrencies trying to spread their benefits.
Woah, right? Maybe not at all. Bitcoin was created in by Satoshi Nakamoto, an alias for a person or group who has still not been revealed. Over the years, it has hit many highs and lows, To better understand the past of this cryptocurrency, as well as its potential in the future, take a deeper delve into its history.
The very first transaction involving Bitcoin occurred between an early adopter and Nakamoto in January He famously spent 10, Bitcoins to buy two pizzas in in Florida. That transaction alone perfectly shows the dramatic change in value that Bitcoin has experienced over the years.