How much Bitcoin will cost by the end of 2020?

December 31, 2020 has become a special date for many investors. It is by this day, according to the forecast of the CEO of MGT Capital Investments, the creator of the popular McAfee Security antivirus and one of the most popular members of the crypto community, John McAfee, bitcoin (BTC) rate will reach $1 million.

In addition, December 31 is the border between 2020 and 2021, which means that this day is the last chance for the coin to prove itself in the outgoing year.

How December 31, 2020 became a special day for bitcoin

The history of the forecast began in July 2017. During this period, John McAfee suggested that in 3 years BTC would cost $500 thousand. He reinforced his confidence in the forecast with the phrase “if this does not happen, I will eat my penis on the air of national television”. Subsequently, the developer raised the bid from $500,000 to $ 1 million.

More than three years have passed since then, but members of the crypto community remember the loud words of John McAfee.

The developer himself has once again confirmed that he is ready to fulfill his promise if his prediction does not come true. However, earlier in one of the tweets, John McAfee admitted that his forecast was just a ploy to draw attention to the digital asset market.

Analysts at Ecoinometrics have given an optimistic forecast for the movement of bitcoin. In their opinion, by December 31, 2020, the cryptocurrency will be able to reach the level of $41,000. Analysts have made a forecast based on the study of the trajectory of the BTC exchange rate after previous halvings.

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