John McAfee unveiled the plans for his “first truly private smartphone” in Newsweek yesterday. He believes his device is the “most hack-proof phone” ever created. The $1,100 Android phone, called the McAfee Privacy Phone, was created through a partnership with cybersecurity firm MGT. It’ll feature physical switches that allow the user to physically disconnect the battery, antennas for Wi-Fi, Bluetooth and geolocation, the camera, and the microphone. McAfee also tells Newsweek that it’ll be able to identify and then not connect to a Stingray or any other IMSI catcher device. It also features a web search anonymizer.
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Our next guest doesn't believe that Bitcoin is a bubble.
In fact, he says the cryptocurrency could soar to get this $500,000 in three years.
He always controversial John, McAfee joins us.
Now, John great to speak with you the great to speak with you.
Thanks for having me on how do you? How do you get to $500,000 in three years? Let's, not worry about that let's let's worry about going online on that.
Yes, I do a people are calling Bitcoin a bubble that's bursting at keep in mind that two months ago, bitcoins to $2,900 and people were saying, it's, never going to hit three while I hit four.
And it hit five.
If you look at the long-term trend of Bitcoin, it has been consistently up I mean who cares that it dropped a thousand dollars from 5,000 after it went from the 2900 to 5,000 in two months, it's still ahead from what it was two months ago, you know, I, my company is one of the largest miners in America.
And one of the nice thing about mining is it doesn't matter? What the price of Bitcoin is, we still make money as the price goes down, there are fewer competitors for mining.
And the the difficulty rate decreases.
And we simply mined more coins.
So I know as well as anybody what the price of Bitcoin is, and it is consistently increasing.
The bubbles burst I'll.
You know, Jamie Dimon was very clear yesterday that he's a big fan of the blockchain technology and most people actually who who even you know called Bitcoin overvalued, or what have you they are believers as well in the blockchain technology.
These are two separate issues.
So why is that Bitcoin necessarily has to rise to these Heights because you're a believer in blockchain as you do as you go I, don't think, I don't think that the that the Bitcoin rise has anything to do with the belief in the blockchain simply has to do with the belief in in crypto currencies, I mean, once you start using crypto currencies, this Bitcoin, no more narrow or litecoin.
It doesn't really matter you see the facility.
You see the ease-of-use you see that without a central bank control, the value of that currency depends upon the users of that currency.
And why is Bitcoin growing so fast because it's getting more users more people are believing if I do a transaction with a credit card I have to put in my name.
My head address, my credit card number the code on the back, my billing address.
Well that takes five or ten minutes for especially for someone my age, but with Bitcoin it's, 15 seconds to give me all of the address.
Here is the amount done.
Once you see the facility of cryptocurrencies.
Once you see how fast they are transacted.
Then suddenly fiat currencies credit cards, maybe it's too easy, though John, I mean, how do you I'm sure the government would like to track where this bitcoin is going? They would love to tax people on this.
And so if you use Bitcoin, you may not have that sort of paper trail.
So to speak to where people are making revenues or or earning money.
So are you concerned that government intervention in some way could actually slow this down? Well, it can't slow it down, but there will be government intervention.
Why? Because as people start using more and more crypto, currencies, things like Manero, which cannot be tracked at all when they start using these things.
Suddenly governments are going to start losing income tax revenues and they're going to panic and they're going to say this is against the law, but how do you stop something that cannot be stopped? I mean, this is not something unique to America where you can just shut it down.
I mean, I can use the tor browser or the onion browser and access Bitcoin wallets all over the world.
And no one will ever know.
The government does not have enough enforcement personnel to ever stop Bitcoin, Manero litecoin and all of the others.
So they're going to have to that face reality, find some other way to raise revenues.
This is a fact.
So John I got asked because most people know you as a cybersecurity pioneer, they know the firm that is named after you.
I image clean that time.
And now you had a very interesting life.
And actually some reports say that, you know, it was it's the insane life, john mcafee that you once lived in belize, which is true allegedly got caught up with drugs and other illegal activities.
Bitcoin has a bad rap of being used in the underground that's.
Why people want to use it because they want to conceal nefarious activity.
Do you see that potential? Do you are you concerned about that as attracting government regulation? No, not at all I mean, I'm still a security specialist and I, keep track of the dark web.
Bitcoin is very seldom used any more on the dark web.
It has been replaced by Manero as the currency of choice because Monera is absolutely anonymous cannot be tracked either sender or receiver of any transaction they're, literally invisible.
So it's, not Bitcoin itself, but crypto currencies as a general group of things that are being used on the dark river.
And that will always be the case Bitcoin used to be the one because that was the only one available but not anymore.
So so bitcoin is sort of out of the dark web and into the light, and then 99.99% of its use is legitimate.
So you know, John I, don't know, if you know about this, but you know, Jamie Dimon watches the show pretty frequently he's, probably listening to you right now me do you have any words for him as to why he he's got it wrong.
I mean, would you want to place that same bet that you made on the Internet? No I would like to say this, mr.
diamond, I, respect, you sir for your position, you know, people who rise to your position are not idiots.
However, sir, what is you you called Bitcoin a fraud I'm? A Bitcoin miner.
We create the bitcoins.
It costs over $1,000 per coin to create a Bitcoin.
What does it cost to create a US dollar, which one is the fraud because it costs whatever the paper costs.
But it costs me and other miners over a thousand dollars per coin is called proof of work.
We have put massive amounts of of supercomputer, computing, power and electricity and creating these surely there's, some value in that work that we did to create the coin.
And the fact that bitcoin is consistently growing in its use.
And in its in its value has to say something, you know, sure it will rise and fall.
And it is highly volatile as all new technologies are right.
And at the same time, it is certainly not a fraud so you're, pretty sure that you're not gonna lose this bet that you have on Twitter, no I don't ever lose bets, John, McAfee, great to speak with you.
Bitcoin Price Prediction 2023
According to the technical analysis of Bitcoin prices expected in 2023, the minimum cost of Bitcoin will be $$26,066.44. The maximum level that the BTC price can reach is $$31,575.35. The average trading price is expected around $$37,084.26.
According to historical data at Investing.com, Bitcoin's price never broke above $0.40 per bitcoin in 2010 but did manage to hit that level in early 2011. Then in February, it crossed $1. Just a few months later, in May, it briefly exceeded $8 – a stunning 8-bagger in mere months!What is the highest value Bitcoin reached? ›
Bitcoin BTC/USD price history up until Jun 21, 2023
Bitcoin (BTC) price again reached an all-time high in 2021, as values exceeded over 65,000 USD in November 2021.
|CME Bitcoin (USD) Jul 2023||$31,370.00||-330.00|
|CME Bitcoin (USD) Aug 2023||$31,685.00||-315.00|
|CME Bitcoin (USD) Sep 2023||$31,920.00||-345.00|
|CME Bitcoin (USD) Oct 2023||$32,080.00||-375.00|
In reality, no-one knows if the price of Bitcoin will go up or down, but some predictions have it reaching $500k per coin by 2030. If this were to be the case a $1k investment now would net you around $10k in 9 years.What is a realistic price for Bitcoin in 2025? ›
By 2025, our price prediction forecasts that Bitcoin (BTC) could be worth $148,934.70.How much would $1000 in Bitcoin be worth in 5 years? ›
That $1,000 investment would be worth $1,559.04. This represents a hypothetical return of 55.9% over the last five years or an average annual return of 11.2%.What will $100 of Bitcoin be worth in 2030? ›
|Year||Price in the middle of the year||Price at the end of the year|
The largest holder of Bitcoin is believed to be Satoshi Nakamoto, the pseudonymous founder of Bitcoin. Nakamoto is estimated to own approximately 1,000,000 BTC, worth around $27.13 billion.Can Bitcoin still reach $100,000? ›
Bitcoin could hit $100,000 by end-2024, Standard Chartered says | Reuters.
|Total BTC in Existence||19,420,362.5|
|Bitcoins Left to Be Mined||1,579,637.5|
|% of Bitcoins Issued||92.478%|
|New Bitcoins per Day||900|
|Mined Bitcoin Blocks||797,258|
It's sometimes easy to forget that Bitcoin (BTC) is just a teenager, launched in 2009 by the enigmatic Satoshi Nakamoto. Since then, Bitcoin has seen a meteoric rise, increasing from fractions of a penny to an all-time high of nearly INR 56,96,689 in November 2021.What will Bitcoin be worth in 2040? ›
|Year||Minimum Price||Maximum Price|
Bitcoin price prediction May 2027: Bitcoin's price for May 2027 according to our analysis should range between $67965.70 to $78197.10 and the average price of BTC should be around $73081.40.What will Bitcoin cost in 10 years? ›
We predict that Bitcoin will recover to $25,200 in 2024 and then rise to $45,200 in 2025. By 2030, we predict that Bitcoin could reach $69,000. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million. Keep in mind that all Bitcoin forecasts are predictions.Where will Bitcoin be in 5 years? ›
Based on the rising popularity of cryptocurrency and Bitcoin, a long term investment in BTC could see the price rise to $200,089.63 within the next 5 years.How many people own 1 Bitcoin? ›
However, some estimates can be made based on blockchain data and surveys of Bitcoin holders. According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network.What will Bitcoin be worth in 2026? ›
Bitcoin price prediction May 2026: Bitcoin's price for May 2026 according to our analysis should range between $52941.66 to $60911.37 and the average price of BTC should be around $56926.51.How much will Bitcoin be worth in 2024? ›
Bitcoin price prediction July 2024: Bitcoin's price for July 2024 according to our analysis should range between $31581.79 to $36336.04 and the average price of BTC should be around $33958.91.
|Predicted year||Minimum value||Maximum value|
$10,000 five years ago would be worth nearly $1.4 million today -- enough to retire early in comfort.How much was 1 Bitcoin at the start? ›
In July 2010, bitcoin began trading at US$0.0008, climbing to US$0.08 by the end of the month. The cryptocurrency then slowly rose into the US$10 range until it spiked to US$250 in April 2013.How do you cash out Bitcoin? ›
- Use a crypto debit card like the BitPay Card.
- Sell crypto for cash on a central exchange like Coinbase or Kraken.
- Use a P2P exchange.
- Seek out a Bitcoin ATM.
- Bonus: Gift cards.
Given its steady growth rate, and accommodating all the factors that indicate the sustainability of its current growth trajectory, an investment of $1000 today will comfortably yield a return of about $11,530 by 2025.What will ethereum be worth in 2030? ›
|Year||Minimum Price||Maximum Price|
- Shiba Inu – A meme coin on the Ethereum blockchain.
- Mina Protocol – An extremely lightweight blockchain.
- The Sandbox – Metaverse and Gaming Digital Asset Monetization Platform.
- XRP – Cryptocurrency with fast and low-cost transfers.
Then... who controls Bitcoin? Bitcoin is controlled by all Bitcoin users around the world. Developers are improving the software but they can't force a change in the rules of the Bitcoin protocol because all users are free to choose what software they use.How much bitcoin does fbi have? ›
The FBI now controls more than 144,000 bitcoins that reside at a bitcoin address that consolidates much of the seized Silk Road bitcoins. Those 144,000 bitcoins are worth close to $100 million at Tuesday's exchange rates.What crypto are billionaires buying? ›
As might be expected, Bitcoin (BTC -0.01%) is a favorite choice of billionaires looking to extend their wealth into new asset classes such as crypto. Lately, Ethereum (ETH 0.55%) has been attracting its own share of billionaire supporters. And don't forget about meme coins.
One of the next cryptocurrencies with the potential to explode is $THUG, the native token of Thug Life. This is a new meme token that has just launched on presale.What will Bitcoin price be in November 2023? ›
|Date||Avg Price||Highest Price|
Bitcoin price predictions for 2023, 2025 and 2030
These specialists also predict BTC will hit US$99,781 by 2025 and US$297,848 by 2030 – prices that are 29% and 58% higher than what our panelists predicted in our January 2023 report.
- ApeMax – New crypto coin with revolutionary Boost-to-Earn staking tokenomics.
- Chainlink – Blockchain bridge connecting smart contracts with real-world data sources.
- Big Eyes – Cute crypto coin with one of the most successful crypto presales of the year.
It is forecast that bitcoin's price will reach a maximum of $214,232.74 USD by 2026. This is followed by a minimum of $181,308.21 USD, with an average price of $186,289.04 USD by 2026. Meanwhile, some experts see more potential in Bitcoin and predict a price of $274,279.582 USD by then.What is the cheapest crypto to explode in 2023? ›
Shiba Inu has a total supply of one quadrillion tokens. In turn, this is the cheapest cryptocurrency to buy in 2023. For instance, SHIB is currently trading at just $0.000008493. This means that a small investment of just $100 would yield over 11 million tokens.How much will Bitcoin be worth in 2030? ›
|Year||Minimum Price||Maximum Price|
Blockstream CEO Adam Back believes the price of Bitcoin (BTC) could reach $10 million by the end of the sixth halvening in 2032, as long as Bitcoin layer-2 technology and wallet infrastructure improves.Will Bitcoin ever be beaten? ›
Bitcoin is Not Going Away.
Bitcoin has come to stay as the leading cryptocurrency and blockchain platform. In view of its resilience after a wave of political and market onslaughts, it is evident that it can never be beaten.
Bullish Bitcoin (BTC) price predictions range between $138,523.59 and $261,655.66 by 2030. Market analysts believe BTC could reach $107,740.57 by 2025.
Answer: Bitcoin could be worth between $800,000 and $1 million in 10 years based on analysts' predictions. The $1 million price target is anticipated in 2030.