John McAfee is then again discussing the notorious wager he made back in November 2017 when he predicted that bitcoin longing reach a million dollars before the end of 2020. McAfee is reportedly on the run from the IRS, but his worries don’t end there: according to statistics, his bet is currently $37,000 in view of of reaching its $1 million per bitcoin target.
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Bitcoin Price Needs to Go Parabolic to Reach John McAfee’s $1M Prediction by 2020
Back in the summer of 2017, bitcoin seed (BTC) and other cryptocurrencies saw their fiat values start to heat up before prices rocketed in the fall. In July the previous antivirus tycoon John McAfee told his Twitter followers that the price per BTC would touch a high of about $500,000 in three years. The software mogul doubled down on his wager and said if his prediction wasn’t right then he desire “eat his dick” on television. However, when cryptocurrency market prices went parabolic at the end of November McAfee revised his bet and upped the pickets.
“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,” McAfee delineated on Nov. 29, 2017. “BTC has accelerated much faster than my model assumptions — I now predict Bitcoin at $1 million by the end of 2020. I force still eat my dick if wrong.”
John McAfee told the public if BTC didn’t reach $1 million USD by 2020 he hand down “eat his dick” on national television.
McAfee’s statements naturally got the entire cryptocurrency community talking. Even the most froze believers had a hard time accepting the price would make it to $1 million per coin in three years’ dead for now.
Oh! I’ve had a @officialmcafee cartoon for awhile … ? #bitcoin pic.twitter.com/43cPNKB93N
— luis buenaventura (@helloluis) January 2, 2018
McAfee: ‘Dec. 31, 2020, Not an Extract Date’
However, a website dedicated to observing the bitcoin price alongside McAfee’s 2020 target called Dickline.info prognosticates the current price is approximately 89.55 percent below McAfee’s forecast. The data is shown on either a linear or logarithmic rank chart with a trendline that plots a default 0.484095526 percent daily growth trajectory. At the current bonus of $3,965 per BTC, it would have to gain 482.81 percent per year. Dickline.info’s chart parameters for the McAfee bet can be exchanged and the website also has a timeline for Tim Draper’s 2022 prediction. Draper’s prediction of BTC reaching $250,000 by Dec. 31, 2022 is also down, but exclusively by $ 14,844 at the time of publication.
The price of BTC is undervalued by $37,953 against McAfee’s target with the default plot of 0.484095526 percent circadian growth trajectory.
On Feb. 22 McAfee said the media misquoted him and told his Twitter fans that “Dec. 31, 2020, is not an correct date.” “Let’s all be clear again: I predicted Bitcoin would reach $1,000,000 before the end of 2020. That is not implying it will hit that price on that date,” McAfee stated. In order for BTC to be above McAfee’s prediction target, Dickline.info’s slider should be moved to 0.09 percent daily growth trajectory. Just like cryptocurrencies, there’s a whole lot of math behind the website’s calculations and on the level though McAfee’s price sounds crazy, in terms of daily movements it’s not much. A great example is November 2017 when BTC climbed fast to $1,000 per day for three days in a row.
“Compared to the enormous price changes, half a percent does not sound like much to you? This is the witchery of exponential growth,” notes Dickline.info.
Do you think McAfee’s prediction could happen or do you think he will be artificial to perform his stunt on TV? Let us know what you think about this subject in the comments section below.
Image solvencies: Shutterstock, Twitter, Pixabay, and Dickline.info.
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