To be frank, the current situation that is governing the crypto sphere will make any enthusiast doubt the price predictions, especially when it pertains to Bitcoin. John MacAfee who is a software expert and cryptocurrency connoisseur is infamous for his extravagant Bitcoin price predictions. And he is very convinced that a unit of BTC will be priced at around $1,000,000 by the year 2020. As outlandish as it sounds, the undulations that occur in the crypto market makes this anticipation a plausible one.
While other experts have tried to negate his prediction and dissolve his claims, he has still maintained his ground argument with crucial points supporting his claims almost every day.
However, another respected analyst from the finance sector has also been leaning towards similar lines as McAfee but on a larger ground.
Russian economist predicts the same.
Russian economist Vladislav Ginko is well known in his area of expertise and has made similar claims. According to him, the theory that the US will continually keep sanctioning Russia will aid in the apparent rise of BTC value, which will be valued at $2 million by the earliest in 2020.
With this prediction made, he also has exceeded the claim that McAfee made while anticipating BTC pricing, which was 1 million dollars by 2020.
On November 2018, Ginko also predicted that BTC will hit a price of 2$ million by the last quarter of 2019 on a BTC forecast tweeter thread. He has now come back to reaffirm similar claims but with rooted points to support his anticipated price.
Ginko who is a St. Petersburg State University graduate has once said that the Russian Government is planning to diversify the Bitcoin reserves prior to their proposed sanction by the United States. The diversification will start prior to the sanctioning on the country. He has also added that the Russian government has been vehemently investing in BTC and that Russia would want Bitcoin to be their reserve currency, which is to lessen the effects of the proposed US sanction. He has estimated that the investments have reached around 9.3 billion in US dollar equivalents.
He opined that if the current US president i.e. Donald Trump initiates the sanctioning process on the Russian financial system, it would turn out to be a blessing for the digital currency sector.
He also stated that Trump would eventually be compelled to put stricter regulations in place to destroy Russia’s economy. Ginko is convinced that this hypothetically would create a surge in Bitcoin demand throughout the country. He continued by saying that the president of US apparent tactics to avoid his impeachment would essentially speed up the sanctioning process which in turn will trigger a ridiculous surge in Bitcoin prices.
Vladislav Ginko is a notable personality in Moscow with records of holding multiple important positions in his country.
McAfee would be delighted to see Ginko’s predictions and his latest tweet reiterates that opinions can be subjective but mathematical formula behind his prediction can’t be wrong.
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