James Altucher, author of the best-selling book Choose Yourself and Director of Formula Capital, said that Bitcoin might reach US $ 1 million by 2020.
Altucher's prediction can be far-fetched. However, he mentioned it in a very specific context, namely the comparison of the market reach of Bitcoin with fiat money.
"About a year towards that prediction [US $ 1 million], if Bitcoin ultimately replaces fiat money, then there are a number of reasons behind it. Look, fiat money circulating throughout the world is currently equivalent to US $ 200 trillion.
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