The eclectic personality and cyber-security pioneer, John McAfee, has raised his 2020 bitcoin worth target to $1 million, and his bet will undoubtedly make even the most zealous bitcoin skeptic to pray that he be right.
John McAfee, who joined MGT Capital Investments as chief cybersecurity visionary right as the firm was making its transition into the blockchain space, tweeted that he will eat his d**k if the bitcoin price does not reach $1 million by the end of 2020.
John McAfee had previously predicted that the bitcoin price would end the decade at $500,000, however, he stated that his initial forecast was predicated on the assumption that bitcoin would rise to $5,000 in 2017.
But has bitcoin has highly outperformed the initial prediction, and rose beyond $11,000 just this week alone during a period of intense volatility. Consequently, McAfee feels confident that bitcoin will reach $1 million during the same period — confident enough to bet with his manhood on it.
However, the CEO of Civic, Vinny Lingham, raised an important observation when he asked: “Bitcoin or Bitcoin Cash?” recently, McAfee has emerged as one of the strong supporter for bitcoin cash, and he has stated that he believes that Bitcoin and Bitcoin Cash would ultimately fight a war for the “Bitcoin” name. However, McAfee — as his manner always — did not give a direct answer. Rather he retorted “Stop it now. Use your head,” adding that “Bitcoin can reach a million and still not be dominant. Did all of you get hit in the head as a child?”
Craig Wright, however, suggested that McAfee could possibly be referring to the combined value of both bitcoin and its forks. Wright said “Bitcoin from John is BTC + BCH. I think people are missing this.”
At press time, the bitcoin price was trading at $9,250 on Bitfinex following a steep decline from Wednesday’s high of $11,441. It is unclear whether this is a temporary retrace or the beginning of a new bear cycle. Either way, given the graphic nature of McAfee’s bitcoin bet, it is likely that even the most enthusiastic bitcoin sceptics now harbour a secret hope that the so-called “John’s speculative bubble” will surely expand to $1 million — at least temporarily — before it bursts.
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