John McAfee again confirmed his forecast for the growth of bitcoin to $ 1 million

Well-known crypto enthusiast and entrepreneur John McAfee again confirmed his forecast for Bitcoin to grow to $ 1 million in 2020. This is facilitated by the limited emission of bitcoin.

McAfee stressed that the maximum number of bitcoins is 21 million, while a significant share of the first cryptocurrency has already been lost forever.

“Let’s be honest, in total 21 million bitcoins can be issued, 7 of which we have already lost forever. And if Satoshi (the anonymous creator of the first cryptocurrency) died, then add a few more million lost coins, ”said Macafi in an interview
Forbes Edition.

To date, about 85% of all bitcoins have already been mined. The complexity of mining is constantly increasing, and the reward for mining the block will decrease, and this should play into the hands of the first cryptocurrency. To date, 17.97 million BTC have been mined, and just over 3 million coins remain to be mined.

“Just look at the numbers. If bitcoin takes 5% of the global economy, and it takes, and you know it, and maybe it will take more, then it will cost $ 10 million per coin. But I’m a very conservative person, since he said $ 1 million for bitcoin, I stick to this figure, ”said John McAfee.

At the same time, the cryptocurrency enthusiast emphasized that he sees in Bitcoin only a means of accumulating wealth. In his opinion, other projects have already surpassed the first cryptocurrency in technical and functional aspects, but Bitcoin will remain a medium for exchange.

Read This Now: France plans to limit the rise in gas and electricity prices

Note that the other day, the German bank Bayerische Landesbank (BayernLB) conducted a study according to the results of which, next year, the first cryptocurrency exchange rate will exceed $ 90,000.