Why Bitcoin will hit $5 Million by 2020 (New prediction by John McAfee): Is your number on the million dollars based on math? I know you’re a math guy. I think you got a major in mathematics right? yeah, I think you got a major in mathematics and as somebody who’s a math guy and your brain are wired. These were the question asked by the interviewer to John McAfee. Let find out what was John answers to interviewer questions.
Everything is math.
Interviewer Question: Did you come up with a million dollar based on a formula or did you come up with a million dollars of assumption of what you think’s in the name?
John: I came out of two ways, I looked at the number of uses. The use of growth and I chose the mean because it has to be more than a million I can guarantee you. I came in it that way it came out with maybe between three and seven million. I came out at the mining way okay which I believe is a lot more valid the last Bitcoin to be mined. Okay, there’s 10,000 –
The difficulty for that last Bitcoin is going to be almost infinite it’s going to cost four to five billion dollars to mine that last coin and mine aren’t gonna do it. The value that coin has got to be more than the work put into mine them.
Interviewer Question: So if it cost let’s say even one billion dollars all right so one billion dollars the last one much work backwards from there and find out what the end of 2020 is gonna be so.
Two ways to come up with the same number between that’s five million that’s probably the thing one being its way outside the lower range so I’m very safe.
It’s fascinating watching your level of conviction that you have.
John: As I don’t have a conviction I look at reality is objectively not with what I wish it would be but what it actually is.