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John McAfee, the eccentric cryptocurrency guru and former cyber security entrepreneur, stands out for his million dollar Bitcoin (BTC) forecast of prices by 2020. In a recent interview with Cointelegraph, McAfee discussed the current state of cryptography and reiterated that its famous Bitcoin one million dollar price forecast is conservative.
Despite the price of Bitcoin is 72% under the infamous "McAfee Dick Line, "McAfee remains calm and optimistic about its prediction.
During Cointelegraph's interview, McAfee was asked how he makes a prediction for the future value of Bitcoin.
He explained:
It's very simple, I'm a mathematician. While managing numbers, the number of people using Bitcoin and the number of transactions is intensifying enormously. This is the true value … The true value is going to be based on usage and if we keep track of the usage curve, one million dollars by the end of 2020 is conservative.
The fall of the Fiat currencies
During the interview, McAfee also hinted at his thinking about the current financial system and how it is widely controlled by centralized institutions and institutions. He believes that this system has worked for some in the past, but for many today the current system that allows inflation or currency deflation means "we are not free".
In the interview, McAfee stated:
As more and more people use cryptocurrencies, they flee from the fiat cryptocurrencies, which devalue them. Fiat currencies will be at their last legs in 5 years.
Since McAfee believes that the value of the fiat currencies will be increasingly devalued, the real value of $ 1 million could be drastically different from the current one, which adds some skepticism to its prediction.
McAfee intends to use the US presidential race to promote Crypto
Although McAfee's comments on its $ 1 million Bitcoin prediction was a hot topic during the interview, it had more interesting things to say, particularly regarding its state presidential candidacy plan. United in 2020.
McAfee had previously held the position of president in 2016 on the libertarian platform, which gave him the opportunity to say what he wanted to say on the national scene and talk about errors in computer security.
This time though, he wants to use the national stage for "talk on personal freedom and how cryptocurrency can help us achieve this goal. "
He then elaborated, stating that his intention is not to become president of the United States, but rather to inform the general public about decentralized cryptocurrencies. In response to the question of whether he would use the stage to talk about cryptocurrencies, McAfee said: "This is all I will talk about. See, I do not want to be president. I could not be … nobody will elect me president, please God. However, I have the right to run. "
