John McAfee tells banks, governments to fear Bitcoin
The founder of the eponymously named security software, McAfee has something of reputation for backing the volatile cryptocurrency with outrageous comments. McAfee, of course, has a vested interest in stoking demand. He runs MGT Capital Investments MGTI, -5.83% which bills itself as being “positioned to become the pre-eminent crypto-mining enterprise in the United States.
Earlier this year, the US native signified his faith in the cryptocurrency by proposing a similar forfeit, stating he would eat his own penis on national television if bitcoin did not reach $500k within three years.
With bitcoin recently smashing the $10,000 landmark on South Korea’s cryptocurrency exchange and news of its rise to $11,000 on Wednesday, McAfee appears to have become even more spirited. He has now raised the bet, waging his genitals against bitcoin growing to $1 million by 2020.
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