Now that the year is coming to a close, it's time to revisit the worst prediction for Bitcoin in 2020
Bitcoin is currently trading over $29k, but few predicted that would happen at the start of this year.
I did actually, but that is besides the point.
I long ago said bitcoin would make new highs by the end of 2020, though technically I didn't predict it would get to $29k, so technically I am not a Nostradamus.
Anyways, there were many price predictions this year, from some thinking bitcoin would end the year around $7k (I'm looking at you Gavin Smith), to others thinking it might end the year around $50k (I'm looking at you Antoni Trenchev).
There was even a pretty decent call by Fundstrat calling for $20k-$25k.
Like me I'd say they nailed their call pretty well!
But none of the predictions were more outlandish than this one:
(Source: https://cointelegraph.com/news/john-mcafee-doubles-down-predicts-1-mln-btc-bets-his-dk-on-it)
Bitcoin to a million dollars or he would eat his junk on TV.
He made this prediction several years ago and has since walked it back saying it was a ruse to get people to talk about bitcoin, but it really wasn't.
A bet's a bet.
I fully expect a video uploaded to Steemit showing Mr. McAfee eating his junk.
Sure he's in prison, but weirder things have happened in prison I am sure.
What's your price prediction for end of 2021?
I am going to say $115k.
This guy should have just given himself one more year and he might have been right.
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Bitcoin will probably hit $1 million at some point, but he was just too aggressive.
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The decent thing to do would have been to stick to his bet though.
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115k bitcoin souds crazy to me but there were times last bullrun people would predict prices that sounded crazy and we hit them...
but yeah Im a say $100K as well
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Exactly. I thought we would top around $10k last time and we went to $20k. Same line of thinking this time around gets us to $200k.
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I would like to know why do you think bitcoin will hit 115k and when?
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Based on both previous post halving bull market rallies, bitcoin will hit $100k by the end of 2021. In reality, if it follows those previous trends, it will actually get close to $200k by then. I am being conservative with my $100k forecast.
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