The popular assertion that Bitcoin will get to a million dollar is generating different opinions among crypto experts and observers alike.
One of those believers in the assertion that Bitcoin will reach $1 million is veteran software programmer John McAfee who has started defending his points and reasons why Bitcoin could reach $1 million anytime soon.
As this speculation continues to get wide attention, observers are of the opinion that there are many odds of this prediction happening, as well, there are many potential problems.
Theelk Predicts Bitcoin at $1 million by 2025
Not long, a trading view chart analyst Theelk predicted that Bitcoin will reach 1 million by 2025.
What Theelk did in his chart analysis is that he projected every parabolic rise in Bitcoin in the past (previous bull market) and basically arrived at $1 million by 2025.
While some analysts keep on predicting the future of Bitcoin, the digital asset has not reached its all-time high in the past 1 year.
However, Peter Brandt who has been trading for close to 40 years has weighed in on the issue. Peter did not discredit the possibility.
Allessio Rastani, who interviewed Peter, first talked about Chaos theory, quoting Linda Bradford Raschke, who said: “I believe that only short-term price swings can be predicted with any precision. The accuracy of a prediction drops off dramatically, the more distant the forecast time. I’m a strong believer in chaos theory.”
This, Allessio said, is the reason he doubt the possibility.
Responding, Peter Brandt said there is no doubt Bitcoin could touch the mark, but he said. he’s trained to offer short term prediction.
“It could be, but I am personally trained for the 2020 Olympic in 100m game. The cow can also jump up to the moon…. If anything is possible, but it is probable.”
Oliver is an online publisher, managing various blogs through the years. He had contributed to multiple blockchain news portals in the US and the UK.Oliver is among the earliest followers of cryptocurrency and blockchain.His interest varies from Political Agendas to recent Technological advancements and now, cryptocurrency acceptance and institutional investing in blockchain.He is now a full-time contributor to TODAY'S GAZETTE.Email: email@example.com
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