McAfee doubles down on his bet, and will still eat his own dick if Bitcoin doesn't reach $1 million by the end of 2020.
Could he have a trick up his sleeve? Perhaps he's actually a woman and therefore doesn't have a dick? Perhaps his dick doesn't work anyway, so removing it wouldn't really bother him that much.
Or perhaps he's just completely sane? What bothers me a little bit though, is the fact that he's making this bet on Bitcoin in particular. Why Bitcoin? The coin with so much drama, no utility except being a currency (and according to core-believers, mostly a store of value because of it's high fees)
Why isn't he betting on the total market cap? I mean, that would make more sense.
But, OK. McAfee is a very smart guy. He shoots from the hip because he's a typical risk taker. So he knows he's taking a calculated bet. Don't be fooled into thinking McAfee KNOWS this. He's just making a qualified bet on it. But he certainly seems to believe it, and I think McAfee makes a lot of sense talking about cryptos in general.
McAfee says this;
Look at Bitcoin's history. The more severe the dip, the more extreme the bounce. This has happened dozens of times in the past. But look at Bitcoin's year over year performance. Extrapolate and you see that my prediction of $1 mil in 2020 is conservative.
Banks are running scared and stooping to desperate measures. This is proof that Crypto is winning against the old order. Those with the right kind of eyes can clearly see where investment money will flow --- to crypto credit card companies.
Do I think he's right? I am certainly not as smart as McAfee and he probably knows a lot more about cryptos than me. And I think he COULD be right? I mean, like I said, he's making a bald bet which absolutely could be correct.
The world stock market mcap is roughly $80 trillion. Even if cryptos created a market as big as that..Bitcoin would need to have a mcap of around $15 trillion. That's a market share of 17,5%, which is actually exactly (!) half that of today (35%)
I think that is way too high, and unlikely. I've been arguing that Bitcoin could hit $400,000 and that is my ultimate target. I will eat.. a big size pack of peanuts if Bitcoin doesn't hit that before 2030! So that's a market share of around 8,5% if cryptos match the current stock market cap size.
And I think it will. Not only will most companies use blockchain in the future, more companies will exist, and more money will exist. The amount of money invested today compared to year 2000 is about doubled.
So I think Mc-a-fee is a little bit off, but that's just my bet. I don't think his bet is unrealistic at all.
What do you think?
I want Bitcoin to reach 999.000$ by the end of 2020. This way we get the best of both worlds. We are happy because Bitcoin is huge and that Mcaffee gets to eat his own dick.
Hahaha. I'm not sure if I want to see that level of human depravity :)
I really don't trust this guy, but at least he's giving crypto press. I don't know if it's good though, his coin of the day thing was crap
Yeah..there is something wrong about him..He's definitely a villain. But people love villains so..plus he's a pretty cool villain.
Haha, that's actually pretty spot on, a cool villain, you can tell from his boy band haircut:
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Actually he looks kinda like chuck norris... maybe he's our hero
Do you not read my posts?
This Market Correction is Hitting Hard, But Keep An Eye on the Future
Based on $8500 (rounded down current price), which gives a gain of around 785.42% gain from the previous year.
If we go with a 700% gain:
If we go with a 500% gain:
So, as long as BitCoin increases by 500% from the current price, John will win his bet.
excilent post @scandinavianlife resteemed
makes perfect sence and it will happen
I definitely think it is interesting. However, I think that it needs more widespread adoption before.
I think this too with a present circulating supply of 16,845,262 it's only a matter of time before all 21,000,000 tokens are mined out then the real madness begins.
Yes, I agree it would be mostly just a store of value but unlike Gold, it would be in higher demand because of its still practical use.
Maybe he is trying to find an excuse to eat his own d.ck. Or he has a disease and knows he will die before 2020. These are my predictions :D
Lol. Good theories!
Well he does have a great impact in the market though ,as it seems in a way !His prediction might be true or wrong anyway time will tell that !
Well lets wait and see !
Bitcoin might achieved that if and only if it become a real value storage back by the most valuable element or product. Let say it will be back with liquid hydrogen which is technically high valued comodity to fuel our transpo system or diamond that worth million dollar maybe. However, if bitcoin remain with very high transaction and slow development 1m remains a rumor a dream of John.
What? No..Bitcoin is backed by among other things power usage/mining costs, transparency and trust. And the fact that only 21 million will ever be made. Also it's backed by it's utility - the ability to do peer2peer transactions. It doesn't need to be backed by some precious metal or gas. I think you're misunderstanding crypto currencies.
I have a good feeling about it all and really think it will go huge and this tiny dip now is nothing
Because his quote makes for a snappier headline. If it was honestly reported it would say "Some guy guesses Bitcoin is going to be worth $1 million".
This is the part that worries me for some time now. It's now conceivable that these rapid rebounds were the work of Bitfinex and Tether!
Has anyone else noticed how those rapid rebounds no longer happen now that Tether hasn't issued any new tokens?
Undoubtedly it's anything but difficult to catch up bank burglary casualties than digital money theft casualties.
To open a ledger, all nitty gritty data around one is required, something which is distinctive with wallets with which just the client can keep the data around oneself. Furthermore, now following the digital currency burglars is extremely hard, as one of the numerous suspects in the numerous thefts has been gotten with some proof to nail him, and that is CEO Mark Karpeles, who was associated with distorting account information.
It implies the Mt Gox burglars, coincheck trade looters, all escaped with it. This was a major misfortune to the digital money organizations. What's more, if a framework to control the thieves isn't chipped away at, numerous should at present escape with it.
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Well who knows maybe Bitcoin hits or maybe not. But certainly Bitcoin has a lot of work to do to achieve that goal and I think you are right, its too hard. but hope for the best and wait for the year 2020:)
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This post has received a 5.46 % upvote from @booster thanks to: @scandinavianlife.
I wish this guy started to make predictions about steem.
If bitcoins someday reach 1Million, and given the fact other cryptos tend to get highers returns, if steem succeeds, the return in steem should be higher than that of bitcoin.
Have ya I ever thought ab It dong a weekly update for the community about your crypto holdings?