Why John McAfee’s Bullish Bet on Bitcoin Price Won’t Succeed

Bitcoin Price

The anti-virus software pioneer John McAfee has presented bullish assumptions in favor of Bitcoin price (BTC) – John McAfee thinks BTC could hit $1 million level by 2020. Though the anti-virus software pioneer had several reasons to support his bet, he also suggests investors invest only the money they can afford to lose – which signifies that he isn’t too confident in its price prediction strategy.

John has based its price target estimate on four key factors:

The limited number of bitcoins, almost a total of 21 million
Higher bitcoin adoption.
A room for growth, …

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