Days remaining until New Year’s, 2021: 1,110
Friday’s Bitcoin Price: $17,744
Current Price of Bitcoin: $18,722
Friday’s magic number: $882.53 per day.
That is, the price of Bitcoin must rise this much on average every day to reach $1 million by January 1, 2021. Between Friday and today Bitcoin rose an average of $329 per day, which is a great rate per day, but below what it needs to do for Mr. McAfee to retain his member on New Year’s Day, 2021. Our new magic number, i.e., the rate per day of increase Bitcoin must maintain, is…
Today’s magic number: $884.03