John McAfee, the outspoken and at times controversial British-American computer programmer and founder of the antivirus software company which bears his name, has vowed to eat his penis on national television if Bitcoin value does not rise above $500k by 2020.
I want to bet! pic.twitter.com/71WusR7BXP
— MΔgUra (@maguraaa) July 17, 2017
if not, I will eat my dick on national television.
— John McAfee (@officialmcafee) July 17, 2017
This means McAfee must pray for an increase of 22,636 percent in Bitcoin in the next three years in order to save his manhood, as there is a long way to go before the digital currency reaches the value McAfee has predicted.
In June, Bitcoin reached a high of $3,018. But recently, it dropped below $2,000 before rebounding to over $2,300 in the middle of July. Currently, Bitcoin price index stands at $2,384.
There is no doubt that Bitcoin is doing well. Fundstrat’s Tom Lee has dubbed the currency “the new gold,” claiming that a value of $55,000 is possible by 2022 in the most bullish scenario.
“Cryptocurrencies are cannibalizing demand for gold. Bitcoin is arguably becoming a scarcer store of value. Investors need to identify strategies to leverage this potential rise in cryptocurrencies,” Lee wrote in an investor note cited by Business Insider.
Tom Lee sees #bitcoin above $20k by 2022.
(via @fundstrat) pic.twitter.com/OQnS2OJlB9
— Carl Quintanilla (@carlquintanilla) July 7, 2017
McAfee is also the Chief Executive of MGT Capital Investments Inc.; according to analysts, MGTI is positioning itself as North America’s largest Bitcoin miner and is expanding its operations into other cryptocurrencies.
MGT Capital Launches Pilot Program to Mine Ethereum https://t.co/6iIOx3XhNT
— MGT Capital Inv, Inc (@MGTCI) June 23, 2017
Bitcoin, Ether and XRP all grew by more than 10 percent in one day with Ether crossing the $200 mark for the first time since July 14. The all-time high for the market was $115 billion set back in the middle of June.
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