John McAfee Now Claims His $1 Million Bitcoin Price Prediction Was ‘Absurdist Humor’
John McAfee, the infamous tech mogul who has been on the run from the US authorities has been quite popular in the decentralized space for his drunken tweets and changing opinions. He was also an avid Bitcoin proponent for quite sometime before jumping ship and now shilling various altcoins.
After the 2017 bitcoin peak price rise, many self-proclaimed crypto experts came up with different price predictions, where a few seemed realistic but a majority of them just plain bizarre. McAfee was one of them who predicted back in 2018 that Bitcoin would trade at $1 million price value by 2020, and like the majority of the price predictions, even his did not age well. However, McAfee has backpaddled from his prediction and claimed that it was absurdist humor and nothing more. McAfee back then famously said,
“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 Bitcoin at $1 million by the end of 2020. I will still eat my dick if wrong.”
He stood by his price prediction on a number of occasions before he changed ship from being an ardent Bitcoin bull to promoting absurd crypto projects like Zombie coin and other similar shitcoins.
McAfee’s Fugitive Life
McAfee enjoyed being one of the most successful tech businessmen of the US with his McAfee antivirus brand but has been on the run since 2012 when he was accused of murdering his neighbor. McAfee has maintained that he is of Libertarian views and believe taxation is theft by the government. He claimed that authorities are behind him because he refuses to file his tax returns.
McAfee is also running for the US President in the upcoming election, and despite being on the run from the authorities, he has managed to run his campaign from the sea.
Price prediction in the crypto space has never aged well and almost all of them have fell flat on their faces with each passing year. However, Bitcoin as an asset is growing in popularity and strength and thus the true Bitcoiners believe the price would eventually rise once its acceptance grows among common population.