Crypto’s most fervent diehards have often been lambasted for their Bitcoin (BTC) price forecasts. Blockchain project promoter John McAfee, the eccentric millionaire behind the cybersecurity company that shares his surname, called for BTC to surpass $1 million by 2020’s end, claiming that he would consume his family jewels if the prediction doesn’t come to past. And while there’s a lot on the table — literally — his irrational claim, not backed by any form of technical or fundamental analysis, has put the now-crypto insider in a tough spot.
Yet, there are analysts out there that have tried to rationalize ludicrous BTC forecasts. And one such commentator recently took to Twitter, conveying his thoughts on why the foremost cryptocurrency may eventually burst out of its quintuple digit cell.