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RE: You gotta admire a man who will stick to his word...

in #bitcoin7 years ago

Two years is still a decent amount of time for many changes to occur within the cryptocurrency world. Bitcoin has been trending exponentially upward, but there are always risks involved. With only one month to go in this year, Bitcoin is still trending higher. A lot is going on in the world, how are we all so sure things won't change over the course of two years? For Mr. McAfee to make such a bold claim, as you've mentioned, he either has an ace in the hole, or he is just a "loon". I hope for the well-being of those investing and his manhood, he is more like a "fox".

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WRONG. BTC has not been going exponential - if you ignore the last week of trading. It has been closer to linear.

If it ever does start to go exponential, like it did in the last week, THEN you have reason to worry. And you have a guarantee that the price rises will stop the exponential trend and prices drop back to earth and resume linear growth best case.

Exponential curves are not sustainable. Linear curves are, within some limits.