Bitcoin At $1 Million By 2020 Is Still Possible And Might Be A Discount Says James Altucher

Best-selling author and former hedge fund manager James Altucher is not backing down from his $1-million-dollar bitcoin call that he boldly made back in 2017.
His timelines may be a little different however.
Altucher made the call two years ago when bitcoin was trading around $11,000, he called for the crypto to hit $1 million by 2020.
Now just one year away from that mark, Altucher said if bitcoin ends up replacing paper currency that the call is still not out of the question. “How much paper currency is out there…it’s about $200 hundred trillion dollars out in the world, and there is only about $200 billion dollars of crypto currency, so that is 100,000 percent from here. So that could give bitcoin a price of $8 million dollars, so $1 million dollars is even a discount to where bitcoin could eventually go. When it gets there, who knows,” Altucher explained in an interview on Thursday.
Over the past two months, the cryptocurrency market has seen the bitcoin price double, rallying from $4,200 to $8,600. On Thursday, bitcoin extended its rally past a new milestone, clearing the $9,000 barrier to set a fresh 12-month high to only come back down $500 dollars minutes later.
Altucher is a Top 10 LinkedIn Influencer, the author of the bestselling book “Choose Yourself” and the managing director of Formula Capital
Bitcoin last traded at $8,413.25 a coin as of 10:00 am EST on Friday. __
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29 thoughts on “Bitcoin At $1 Million By 2020 Is Still Possible And Might Be A Discount Says James Altucher”

  1. Hi to anyone reading my comment that’s new to buying crypto. if you open Coinbase account. Its one of the most secure ways to buy bitcoin. I started buying $100 worth at a time back in 2017. If you wanted to join coinbase please feel free to use my friends link that gives us both $10. Free gift 🎁 into each of our accounts, when you buy your first $100. Its a genuine thing please google refer a friend links if you so wish to learn more about the genuineness of this action. I was new to crypto in 2017. I taught myself by googling and learned from reading as much as possible. And I listened to Andreas Antanopolous videos on youtube. Best wishes for your crypto currency adventure. I know there’s many scams out there in crypto land please be wary of whom to trust.. i also recommend going to http://www.nexusearth.com website scrolling down the page to ‘community’ and joining the NXS slack. Its a fabulous community of genuine men and women that care about crypto and help each other learn about how to make it in crypto today and what to watch out for to stay safe and protected. Thanks for reading – and best wishes. Lorraine

  2. Definitely bitcoin is heading back to its ATH. I guess there's a big news if adoption coming soon cos even alts like ethereum and Veil are doing well unlike expected.

  3. I do not know if his predictions are going to be fulfilled … Although with that hair that he wears, he looks like the dumb brother of the Brothers Marx.hahaha

  4. Hahaha very very funny, it's just like saying because veil network is assembly with one of the best privacy protocol then it will worth $1k next year.
    Bitcoin will be worth 1 million some day but it will take many years

  5. This guy is a quack. Banks are loading up on Gold and not Bitcoins or any crypto. Crypto backed up by Gold is a safe bet instead of this balloon called Bitcoin. If undecided I say buy both.

  6. By the way James if someone owned 51 percent of the mining machines they can steel all the Bitcoin and it gets inflated when mined. You sounds like a child that has never traveled the world..

  7. That's because you Rich guys own those stores lol. Let me guess James you in Bitcoin lol.
    Buy KBC it's the only crypto backed in physical Gold physical Gold 😁 Bitcoin is Fiat lol with a bad Blockchain that can't even support world use.

  8. It is ridiculous to hear this guy shoot his sector in the foot. Some of these talking heads are to smart for their own good. CNBC put him on for the reason of making it sound like crap. I hate fake news and seen it way before Trump was ever in office. Our media is worse than Russia's in the cold war… No credibility !

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