The bear market has taken over the crypto industry for a while now, but the recent upswing of Bitcoin has urged proponents to come out of the woodwork with predictions. While there’s been bets and possible milestones believed that Bitcoin will be on the way to reach, US Presidential Candidate and former supporter of ICOs, John McAfee, has decided on a “hard date” for when he sees Bitcoin’s price rising to $1 million, shortly after IBM VP Jesse Lund said that the crypto asset would reach “$1 million… someday.”
The prediction from Lund came from an interview with Lund, who was originally asked about what he sees in the future with Bitcoin. He replied, “I see Bitcoin at a million dollars someday. I have actually blogged about this a little bit.”
However, in the recent article, the write points out that this prediction could be due to his love of round numbers, as Lund added that he favors that figure because, “then a Satoshi will be equal to one U.S. penny.” The network’s $20 trillion liquidity indicates that the global financial services landscape would see substantial change with this value, according to Lund.
Considering how vague “someday” can be, McAfee jumped in to offer his own view of this future projection. Posting to Twitter, McAfee said, “People are waking up to the fact that Bitcoin will be $1,000 000. But when? ‘Someday’. ‘Maybe 5 years’. ‘Within a decade’. I'm the only one giving you a hard date: Dec 31st, 2020.” Back in July 2017, McAfee predicted that there would be a $500,000 increase in Bitcoin value, and the new million-dollar prediction surpasses that by twice over.
McAfee decided to get a little crass with his wage, using a spot on national television to say that he would end up eating his own penis if his prediction ended up being wrong. Twitter comments blew up, asking if he really meant it and if the new “hard date” applied. He simply told the public, “I never lose a bet.”
Regardless of what people think of McAfee, he is admittedly an interesting fellow. He is running under the Libertarian party for US President for the second time, and he recently said he’s living in exile as a result of the “unspecified crimes” that the IRS is pursuing him for. Still, agreeing to put your manhood on the line for the sake of a bet is a little out there, even for McAfee.
For the sake of McAfee’s genitals, though primarily for personal gain, most of the community is probably hoping for this price jump. However, there’s less than two years to get there, so the community’s investments will ultimately determine if cryptocurrency ends up being the root of major financial prosperity or the cause of a very uncomfortable style of Fear Factor.