White digressing from new records set by the US stock market, CNBC's Carl Quintanilla took a jab at the Bitcoin price prediction made by hedge fund manager James Altucher.
Quintanilla jokingly tweeted that Altucher had four more days for his forecast to materialize.
A different timeframe
In late 2017, Altucher made headlines after telling CNBC that Bitcoin could go up to $1 mln by 2020. The stalwart libertarian made such an astonishing prediction when BTC was sitting at around $11,000, nearing the peak of its historic rally.
“There’s 15 million millionaires around the world. All their financial advisors are going to say, ‘Hey, buy a bitcoin. You need some exposure.’”
Altucher was deterred by Bitcoin's steep fall. In his recent Kitco interview, Altucher confirmed that his $1 mln prediction was relevant but he pushed the deadline a few years later.
"Will it be a million dollars in 2020? Maybe. Will it be 2021? 2022? Who knows."
A moonshot to $1 mln
Bitcoin is not the only believer in a million-dollar Bitcoin. As reported by U.Today, cybersecurity pioneer John McAfee was certain that the BTC price would hit $1 mln by Dec. 31, 2020.
Self-proclaimed Satoshi Craig Wright recently slammed such ultra-bullish predictions by saying that there wouldn't be enough money globally to push Bitcoin to such a high price.