John McAfee is once again discussing the notorious wager he made back in November 2017 when he predicted that bitcoin will reach a million dollars before the end of 2020. McAfee is reportedly on the run from the IRS, but his worries don’t end there: according to statistics, his bet is currently $37,000 light of reaching its $1 million per bitcoin target.
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Bitcoin Price Needs to Go Parabolic to Reach John McAfee’s $1M Prediction by 2020
Back in the summer of 2017, bitcoin core (BTC) and other cryptocurrencies saw their fiat values start to heat up before prices rocketed in the fall. In July the former antivirus tycoon John McAfee told his Twitter followers that the price per BTC would touch a high of around $500,000 in three years. The software mogul doubled down on his wager and said if his prediction wasn’t right then he would “eat his dick” on television. However, when cryptocurrency market prices went parabolic at the end of November McAfee revised his bet and upped the stakes.
“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,” McAfee explained on Nov. 29, 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 dick if wrong.”
John McAfee told the public if BTC didn’t reach $1 million USD by 2020 he would “eat his dick” on national television.
McAfee’s statements naturally got the entire cryptocurrency community talking. Even the most hardened believers had a hard time accepting the price would make it to $1 million per coin in three years’ time.
Oh! I've had a @officialmcafee cartoon for awhile …