John McAfee, the tech mogul who founded the well-known software company McAfee Associates, has always been very supportive of Bitcoin, occasionally in a highly controversial manner.
Ahead of the Bitcoin’s chain split on 1st of August, McAfee came out with a bold statement, saying that he is willing to bet his reputation and up to $10 million that Bitcoin price will go past $500,000 within 3 years and adding that he will “eat his dick on national television” if that’s not the case.
McAfee recently tweeted that his prediction of $500,000 by 2020 was based on a model that predicted $5,000 at end of 2017. With Bitcoin currently sitting over $10,000 with one more month to go in 2017, McAfee is raising the bar and predicts Bitcoin to reach $1 million by end of 2020 and claims he will still stick to his bet if wrong.
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 Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD
— John McAfee (@officialmcafee) November 29, 2017