This is an idea based on Mcafee's algorithm of network adoption also factoring in Bitcoins deflationary halvings & limited supply.
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Will update this to Twitter for the remainder of the year...
Bitcoin is the only asset created by man but ruled & governed by a software protocol...To destroy Bitcoin you need to find EVERY copy of the ledger ever downloaded & also remove all electricity from the planet at the same time...I believe this is not going to happen anytime soon...Can it happen YES...Absolutely
This is what very few understand... Bitcoin can not be inflated to rob wealth from the masses as fiat currency can...
Deflationary assets such as Bitcoin with decreasing supply that can be bought with an infinite inflatable supply of fiat currency CAN not be stopped...The Government will be forced to buy with us & drive the price up even further...
That would mean a 21 trillion dollar market cap... Where is this money coming from? ETF's? Financial Institutions? Mcafee is delusional. This chart just confirms that, thanks for the post!
CryptoCarpenterFL
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@clark05, True...He is a madman...Never underestimate the power of a crazy man with a calculator & math...Lol
What are your thoughts now...Is he still delusional or Crazy Madman McAfee just might be right???
clark05
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@CryptoCarpenterFL, well we already knew it was going to come up and follow that initial path. I'd say 20-50K for this bull run. But yah hes still a nut bag. He thinks the CIA is after him.... Whats next? aliens?
I'm not sure about McAfee & his delusions but I sure do agree with his fundamental analysis on Bitcoin... IMO we go 140K-225K on this current bull run...It's not about being right. It's did you even join the party or are you just an observer watching from the sidelines... Enjoy the ride...