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Bitcoin is a digital currency (cryptocurrency). Bitcoin is the first and most famous cryptocurrency among all cryptocurrency.
Bitcoin is also a decentralized currency, meaning that no person or company is in control of how Bitcoin is produced or distributed.
Bitcoin is not like a currency, where they can be printed by a Central Bank like Bank Indonesia (BI)
The value of Bitcoin trading has proven to be very volatile and many people see Bitcoin as a better storage of assets than fiat money that is supported by the government.
However, I must emphasize again that investment in the cryptocurrency world is very risky because the crypto market is still in the 'gray' color, meaning there are no strict rules. Always invest money, which you are willing to lose.
Then what is the prediction of Bitcoin by famous investors?
Kenneth Rogoff
The price of Bitcoin is still high. But be careful, in the next 10 years the price of this cryptocurrency is predicted to only be in the range of US $ 100 or only around Rp. 1,350,000 per coin.
This was stated by Harvard University professor and economist Kenneth Rogoff as reported by CNBC, Tuesday (03/06/2018).
"I think Bitcoin in the next 10 years is more likely to be valued at US $ 100 than at US $ 100,000," Rogoff said.
The price predicted by Rogoff is also far from the current Bitcoin price. Bitcoin prices are currently at the level of US 11,200 or around Rp. 151.2 million.
"Basically, if you rule out the possibility of money laundering and tax avoidance, the use of transactions (Bitcoin) is very small," he said.
Bitcoin is often associated with illegal transactions, and is also used in various illegal transactions. Shone Anstey, co founnder and president of the Blockchain Intelligence quickly denied. He said, the level of illegal transactions in Bitcoin had dropped by 20% in 2016 and also dropped very significantly in 2017.
Rogoff said that government regulations could trigger the decline in the price of Bitcoin. Even so, he stressed that it took time to develop an appropriate global regulatory framework.
"It takes global regulation. Although for example in the United States it refuses, in China it also refuses but in Japan it does not, then people will still be able to wash people through Japan," he said.
John McAfee
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John McAfee, a controversial person, but also an important person with a history of overall achievement. He founded the McAfee Associates software company in 1987 and ran it until 1994. He created McAfee, the first commercial antivirus software, and this business now produces a variety of enterprise security software. But after this, he tried cryptocurrency subjects and became an advisor to several startup companies in the world.
It all starts with a tweet that brings bold predictions.
When I estimate Bitcoin at $ 500,000 by the end of 2020, it uses a model that predicts $ 5,000 by the end of 2017. BTC is faster than my model assumes and now I predict Bitcoin will reach $ 1 million by the end of 2020. "
The special thing about this prediction is regret offered if it is not fulfilled. He stated that if bitcoin failed to rise, he would eat his penis. Wild statement, but it shows that he is quite relaxed in his predictions about the relevance of bitcoin in the future. Much has been said about this, but the reality is that with the latest benefits from the market, it seems like the price predictions are back on track. This site presents an up-to-date overview of McAfee predictions, and today's bitcoin prices have crossed the line at the hypothetical price needed to make predictions correct.
Drapper Team
Reporting from coingape.com, billionaire venture capital The Draper Team predicts the price of Bitcoin (BTC) will touch US $ 250,000 in 2022. Draper's team believes Bitcoin can radically change the government.
At the Crypto Invest Summit in Los Angeles, Draper told AMTV that he believed the price of Bitcoin was still on track to reach a quarter of a million dollars by 2022. The Drapper clung to its predictions mainly because Bitcoin did not have the government-backed politics of paper money.
Draper said, "So now there is US $ 86 trillion in political currency. They call it the 'fiat' currency, but it's political. And I believe that the currency will slowly be eaten by a better and more global currency, decentralized, without friction. This is only a better currency. Bitcoin is a better currency. And I think Bitcoin will be one of five [cryptocurrency]. "
According to Draper, cryptocurrency and blockchain technology have the potential to do more than "finish off" the value of traditional currencies. He also believes that crypto also offers transformational opportunities to change the way governments around the world work and do business.
Drapper further stated, "I think the government can be changed in a big, very big way. That is, you combine all the technology. You have a global and decentralized token. Tokens are now in the perfect ledger called the blockchain so you don't need all the special accounting because accounting is complete [with blockchain]. "
"And then you can build smart contracts and all these contracts are built on cloud computing, so anything that is expected to happen in the contract will occur. Then you have all the big data. You have the ability to retrieve that data, add artificial intelligence to it, and make decisions. Think about what bureaucrats do. You can replace all bureaucrats with artificial intelligence, smart contracts, and blockchain. "
The Drapper team, one of the bulls or who believes prices continue to rise, never loses confidence in BTC even though the price has fallen to around US $ 6,500 from US $ 20,000 last year.
Well, that's the bitcoin price prediction that some experts put forward. Even though currently bitcoin is not allowed to be used in all countries in the world, it still moves quickly as a means of payment. Investing in a virtual currency whose value is always up is certainly very profitable.