Multi-millionaire John McAfee has predicted that 1 BTC will reach $1,000,000 by the end of 2020. He’s so confident in fact, that he’s promised he will eat his own penis on live television if it doesn’t happen!
The famously eccentric founder of McAfee Associates, now known as McAfee LLC, has never been one to shy away from sensationalist quotes when it comes to Bitcoin. He had already predicted that the currency would reach half a million by the end of 2020, with the same horrendous forfeit promised at the time.
Now, has claimed in a tweet that he had originally predicted the $500,000 barrier would be broken based on a price of $5000 at the end of 2017. With Bitcoin doubling his expectations and more, he has responded by doubling his own, predicting an almost unthinkable price in three years’ time.
Predictive Algorithm Behind McAfee’s Predictions?
“When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $1 million by the end of 2020. I will still eat my d*** if wrong.”
This sets a new mark for Bitcoin bulls in 2017. Even billionaire investor Mike Novogratz hasn’t gone as far as McAfee, with his new prediction standing at $40,000 by the end of 2018.
Rather surprisingly, the tweet didn’t come as Bitcoin smashed through the $11,000 barrier, but in conjunction with yesterday’s huge slump back below $10,000. McAfee had previously said that Bitcoin was unstoppable, likening it to gunpowder. But, as the slump continues into a second day, and with Bitcoin now trading at a little over $9,000, perhaps there will be concern that McAfee will find himself eating his…words before too long!