Pick a number. Not just ANY number, but the number you think bitcoin will trade at. $5,000 (sorry, that's in the rear view mirror)? $25K? $50K? $100K? OR, how about $1M ($1,000,000). Seem silly? Well, a well known guru in the crypto space (James Altucher) predicts that huge number by 2020. Don't scoff 'cause he is pretty damn good. Like we at FintekNews say....."where is bitcoin going? UP".........and that's our call. Pick a number?
(Bill Taylor/CEO)
- "Outspoken libertarian and MGT Capital Investments CEO John McAfee tweets he predicts bitcoin will reach $1 million by the end of 2020, double his previous forecast.
- "I'll say $1 million by 2020, as well, easily," James Altucher says on CNBC's "Squawk Alley." "There's 15 million millionaires around the world. All their financial advisors are going to say, 'Hey, buy a bitcoin. You need some exposure."
- Bitcoin hit a record high of $11,377.33 earlier in the day, according to CoinDesk.
Self-help guru and former hedge fund manager James Altucher thinks bitcoin will reach $1 million in three years.
Bitcoin surged to a record high of $11,377.33 Wednesday morning, according to CoinDesk. Outspoken libertarian and MGT Capital Investments CEO John McAfee subsequently tweeted that he predicts bitcoin will reach $1 million by the end of 2020, double his previous forecast.
When CNBC asked Altucher if he agreed, he said yes..."
Full Story at CNBC.com, published 11/29/17 by Evelyn Cheng
"James Altucher predicts bitcoin will reach $1 million by 2020"