John McAfee Loses the Bet; BTC 95% Below His Fcasts

John McAfee, a controversial crypto figure, said he will eat his penis if the Bitcoin does not reach $1 million by the end of 2020. He simply called his promise a “ruse” to attract new followers on Twitter.

In July 2017, the 74-year old computer programmer said “he would eat his dick” if the BTC price does not reach $500,000 within three years. However, after the passage of the three years, McAfee repeated the tweet “if not, I will eat my dick on national television”, and gave reasons for his rationale.

So, why did McAfee tweet such a thing again?

It seems that he just aims to attract more followers with such tweets, and this was evident when he managed to secure 10,000 followers in one day.

However, the BTC price is still 95% below his expectations; thus he lost the bet.

Traders, accordingly, should take in mind that they should not rely on what other people believe and that they should have their own motives for actions.

The former antivirus tycoon has criticized the first cryptocurrency Bitcoin as an ancient, explaining that “newer blockchains have privacy, smart contracts, distributed apps and more”.

McAfee has always been advocating privacy and decentralization polices. He believes that privacy is one of the features which the cryptocurrency lacks.

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Rabea Maguid 551 Articles
Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.