#Who is John McAfee & What is John McAfee's crazy Bitcoin Predictions

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John McAfee's crazy bitcoin predictions


In recent years John McAfee has come to the public’s attention with his wild Bitcoin price predictions.


McAfee previously stated that one Bitcoin would reach the price of $1 million by the end of 2020 before backtracking.


But who exactly is John McAfee, and should we listen to what he has to say?


In this article, we’ll look at who exactly is John McAfee, his relationship with cryptocurrency and why we should be careful when listening to him.



Rebel for life?


McAfee is also highly well-known for his ‘rebel’ attitude. Supposedly loving guns, women, and drugs.



Like many influential figures in cryptocurrency, McAfee is a libertarian.




For those that don’t know, libertarians essentially believe in less government control and that people should be allowed to do what they want.




Roger Ver and Ross William Ulbricht are well-known to also support this kind of ideology and it is highly likely that Satoshi Nakamoto also had similar beliefs too.



McAfee also thrives in controversy and likes to play the ‘bad boy’ archetype who says and does what he likes without caring about the repercussions.



To give you an idea of how controversial McAfee likes to be, it is worth watching this video titled How To Uninstall McAfee Antivirus, which was made by and stars himself.




McAfee also spent many years in Central America after McAfee, LLC and there is a lot of controversy around what he did there.


On top of it all, he also attempted to run for president of the USA in 2016 for the Libertarian Party and will attempt to run in 2020 either for the Libertarian Party or form his own party.



Involvement in cryptocurrency



In 2016, McAfee became the chief executive chairman and CEO of MGT Capital Investments and expanded the industries they were involved in to include Bitcoin mining.



By 2018, McAfee had left the company and wanted to devote more of his time to cryptocurrency and has since been very involved in the cryptocurrency community.



McAfee is also a supporter of Bitcoin not being in a price bubble (or at least he did in 2017).



For McAfee’s 2020 presidential campaign, he wants to promote cryptocurrencies as one of his primary issues.



The ‘Dickening’



McAfee got a lot of attention when on Twitter in 2017 he predicted that Bitcoin will reach $1 million by the end of 2020.



To make what McAfee said more interesting, he promised he would eat his own penis on live TV if Bitcoin didn’t reach that price.


Shortly after, someone created a website called The Dickening, which counts down when McAfee will have to follow through with his promise if one Bitcoin doesn’t reach $1 million.




At the time of writing in mid-February 2020, one Bitcoin is worth $9,649.58, and so you can see Bitcoin would have to increase enormously (103 times increase!).



Anyone looking following the daily, weekly or monthly charts could see that Bitcoin has become pretty stable since the slump of 2018, hovering around $8,000 for a long time.




It is very possible that it won’t break out of this rut for a long time to come.



And in early 2020 it looked like McAfee was starting to backtrack on his claims, perhaps realising this himself.



By the 5th January 2020, again on Twitter, McAfee seemed to claim that it was all a ‘ruse’ to get more people interested in cryptocurrency.



Instead, McAfee seems to now be suggesting that Bitcoin is ‘ancient technology’, comparable to the Ford Model T (widely considered the first commercially produced car).


By this what McAfee appears to be saying is that other cryptocurrencies will overtake Bitcoin and another one will likely take the crown as king.

Indeed, there is some truth in that possibility. Though Bitcoin may be the most successful and long-lived cryptocurrencies, it by no means it will be the last.

However, in this particular case, it feels like it was just used as an excuse to back out of a poorly made bet.

He also appears to suggest that he would never have actually eaten his own penis on national TV, citing the insanity of the fleet.

But was it really a ruse … or is he just backing out of a bad bet? … or does he just like the attention?