The bitcoin rate will increase to $1,000,000 in three years, as its price hit another all-time high at $11,000. The computer programmer and notorious businessman John McAfee has doubled his forecast for the bitcoin price, claiming it could jump to $1,000,000 by 2020.
If wrong, McAfee still is decisive to eat his dick.. Earlier, McAfee wrote in his twitter that bitcoin would rise to $500,000 by 2020, adding that he will eat his penis otherwise.
This phrase of McAfee has since become proverbial, with many users in social media reminding to McAfee his promise whenever he makes any publication on bitcoin. Though sounding too optimistic, McAfee's prediction met support from the bitcoin community.
According to Altucher, the bitcoin price is pushed up by the fact that the issuance of bitcoins is limited by 21,000,000 coins, while the number of persons, willing to buy it, is growing. Currently, bitcoin is traded at around $10,000, down from the all-time high $11,300.
All i can say is this is way too far from the impossible, he's way too beyond of his mind to think like this. Can you imagine when Bitcoin was first released in 2009 it's almost free near to cents its price. Until it hit $10,000 in 7 years and if you do the math here it is way too far from the prediction, even half of the price of Bitcoin that he told can't meet. This is totally absurd and beyond on any imagination amongst Bitcoin users here.