The infamous entrepreneur John McAfee confirmed his forecast for a rise in the price of bitcoin to $ 1 million next year. This will happen due to the limited offer of cryptocurrency, he said in an interview with Forbes .

“We admit the obvious – there are only 21 million bitcoins. Seven of which are lost forever, and if Satoshi is dead, add a few more to them, ”explained Macafi.

He is confident that the first cryptocurrency will occupy 5% of global financial transactions, and maybe more. At the same time, based on the available number of coins, bitcoin will cost $ 10 million, says McAfee.

“I'm just a very conservative person. I said one million and stick to that, ” he added.

McAfee sees the future of bitcoin as a means of accumulation, and other types of digital assets – stablecoins and confidential coins – are more suitable for transactions. According to him, the last bitcoin also loses in privacy due to the public blockchain.

Recall, two years ago, John McAfee promised to eat his penis if Bitcoin by the end of 2020 does not cost $ 500 thousand. He later doubled the rate to $ 1 million.

On the eve of one of the largest banks in Germany, Bayerische Landesbank (BayernLB) predicted that the price of the first cryptocurrency will reach $ 90 thousand in 2020.

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