John McAfee says that the Bitcoin price staying below $1 million by the year 2020 is impossible
- Bitcoin staying below the $1 million price mark is impossible given the mathematics according to John McAfee.
- BTC/USD on Monday is trading in minor positive territory, moving within a bullish pennant pattern.
The closely followed British-American cybersecurity expert detailed his prediction based on mathematics. He tweeted:
Come on people!!! It's time to brush up your basic math skills and run some f*^#$ng numbers!!!! It is mathematically impossible for Bitcoin to be less than $1 mil by the end of 2020. Bitcoin is not an effing stock!!! You can't apply stock paradigms or formulas and expect answers!
BTC/USD price action is trading with minor gains on Monday of 0.70%. The price is moving within consolidation mode, having formed a bullish pennant pattern, subject to a potential breakout higher.
BTC/USD daily chart
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
