As you probably know, during the 2017 bull market, John McAffee made a very popular prediction about Bitcoin price in 2020. He boldly stated that he strongly believes Bitcoin will reach $500,000 by the end of that year, otherwise he will eat his own dick on public television. A few months later, he claimed that the price will actually hit $1,000,000.
These statements led to some very interesting projects trying to keep up with this prediction. Among them, dickline.info, a site in which you can see where exactly the Bitcoin price is, and if the prediction may come true or false at the current trends.
So, even if Bitcoin gained some relevant traction during April, it seems it's still very far away from reaching $1,000,000 by the end of 2020.
It's actually 89% behind the prediction, which is quite a lot.
According to my calculation, if the current trend will continue, the maximum value for a Bitcoin at that time will be $13,321.
Of course, the trends aren't linear, and previous bull runs showed us the market can be very disruptive.
Even with that in mind, I think sometimes it's good to look at this kind of numbers and keep a balanced perspective: not too FUD, but not too FOMO either.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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