After the slight decline that affected bitcoin (BTC) today, bringing it to the threshold of $7800, the candidate for the Presidency of the United States of America in 2015 and computer security expert John McAfee has once again reiterated his prediction which endorses the idea of Peter Brandt regarding the trend of the price of bitcoin (BTC): $50,000 in the medium term and $1 million by the end of 2020.
Peter Brandt is a real legend in the trading world; he says that before reaching $50,000, the $5500 will have to be touched again in February 2020.
Chris, just a wild guess, but I think BTC bottoms at $5500 next Feb and then begins a bull move to $50,000
— Peter Brandt (@PeterLBrandt) September 29, 2019
Despite the crash in the entire cryptocurrency industry, with bitcoin losing more than 18% of its value in a matter of hours, John McAfee remains optimistic and advises traders and the community not to worry about these events. Regardless of the movements that will occur in the coming months and those that have dominated the past weeks, his idea remains the same:
Ignore this drop in Bitcoin's price. I am firmly with Peter Brandt in his medium term $50k price prediction. I am also firm on my $1 mil price by the end of 2020. Stop wringing your hands! Watch GOT reruns, or woo your spouse or finish off your drug stash. All is well. pic.twitter.com/gMFdLaVkQc
— John McAfee (@officialmcafee) September 30, 2019
Peter Brandt is one of the few authoritative characters to have correctly predicted the rise of Bitcoin (BTC) until the end of 2017 and its subsequent collapse. He had also hinted in April at a BTC parabolic phase that would take it up to $14,000 in a few months.
Despite being “continuously on the run” due to accusations of murder and tax fraud in the United States, McAfee remains committed to the crypto sector, devoting himself to several projects. Recently it has been rumoured that he has been hiding in the north of Iceland, more precisely in Dalvík. According to a person working in a local restaurant, John and his wife were there at the end of August 2019.
Among his latest involvements, there are certainly two of the most discussed: the Chinese project Zombie Coin and the exchange Burency, although many users are anxiously waiting for the debit card to buy McAfee’s cryptocurrency. However, ar least for the time being, John seems to be mainly concerned with his prediction on the trend of bitcoin (BTC).