People thought John McAfee wasgoed downright insane earlier this year when he made his $500,000 price prediction. The entrepreneur has made no secret of his bullishness for Bitcoin overheen the years. However, ter September, he boldly Tweeted out a price call that seemed straight out of a Lambo-fetishistic Facebook crypto group. Always eccentric, the cyber security pro went a step further than most. Rather than bet a stack of BTC, or even millions of dollars, he announced, without prompt from anyone else, that he would eat his own roede on live TV if the world’s best digital currency didn’t get at least halfway to six-figures by 2020.
Today, McAfee astonished everyone by announcing an even bolder optie than that made previously. He Tweeted that he’s voluntarily doubling his price prediction, whilst still being ready to fall under a shocking act of self-mutilation if he’s wrong.
When I predicted Bitcoin at $500,000 by the end of 2020, it used a prototype that predicted $Five,000 at the end of 2018. BTC has accelerated much quicker than my proefje 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
According to McAfee, his previous prediction wasgoed based on an end of 2018 price of $Five,000. Naturally, now that the price is dual that figure, the creator of one of the world’s most well-known anti-virus software programs has determined that the price by 2020 will be far higher than even he originally anticipated.
McAfee refutes the naysayers who eis that there is nothing to value about Bitcoin. For the entrepreneur, the proof-of-work algorithm which is used to secure the network provides justification for its growing price point. He’s also adamant that the ease with which people can transact using Bitcoin makes it a lotsbestemming more user friendly and secure than existing “legacy” systems such spil credit and debit cards.
Elsewhere ter the world of bullish predictions, fellow Bitcoin optimist Michael Novogratz, the former fund manager at Fortress Investment Group believes that the greatest cryptocurrency te the world right now could lightly reach $40,000 a chunk by the end of 2018. He’s also optimistic about the fortunes of blockchain-based brainy contract toneel Ethereum. He told CNBC on Monday that he believes ETH could see a similar 4x build up too. Novogratz believes there are yam-sized flows of revenue waiting on the sidelines, about to pour into the space:
There’s a big wave of money coming, not just here but all around the world.
Whether McAfee is onberispelijk ter his shocking predictions remains to be seen. What is clear is that the price of Bitcoin proceeds to klapper all-time highs almost every day. If his amended price call doesn’t scream enough confidence already, he told CNBC on a previous occasion that he “never loses a bet”. Food for thought, if you’ll sorry the vulgarity of such a pun ter this setting.