It turns out that John McAfee, the eccentric billionaire who made his money from anti-virus software, was having us on all along when he predicted in 2018 that Bitcoin would reach $1 million by the end of this year. He has long maintained that, "if not, I will eat my dick on national television."
“What idiot could believe such nonsense?” tweeted the 74-year-old yesterday about his lofty prediction. Who on Earth would believe that “Bitcoin, the most crippled crypto-tech,” would rise to the high price of $1 million?
McAfee, who has doubled down on his claim several times, was pulling our leg. “Wake up!” he wrote in his tweet. “If Bitcoin ever hit $1 mil, it's market cap would be greater than the GDP of the entire North American Continent.”
Lot's of people asking me over the past two days whether my bet is still on (that I will eat my dick if Bitcoin does not reach $1 million by the end of 2020). ABSOLUTELY!!! It is a bet that I cannot possibly use. Use your heads people! Run the numbers that crypto folks well know.
“I posted it on the same day I predicted Whale Fucking would replace Surfing as the number one water sport,” he tweeted, adding that the sport is “a thousand times more likely to make its way onto the Olympics Stage.” (Though McAfee has tweeted about his encounters with his mammalian lovers several times, he has never tweeted this).
On January 5, McAfee distanced himself from his claim, which he called “a ruse to onboard new users.” He added, “Bitcoin was first. It's an ancient technology. All know it.”
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. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD
John McAfee leads a complicated life. In 2012, he fled his Belizean home after suspicions that he killed his neighbor. (Zac Efron plays the Wired journalist who interviewed McAfee about this in an upcoming film). In exile, he ran his presidential campaign from a boat. And at the beginning of this month, he encouraged viewers of his speech on the state of the world to buy guns to stop their neighbors stealing their food.
U.S. Senator Ted Cruz (R-TX) has introduced a new bill aiming to turn waste energy into electricity for Bitcoin mining.
The Facilitate Lower Atmospheric Released Emissions (FLARE) Act, introduced on March 31, is geared towards making waste energy productive by capturing gas that would otherwise be flared or vented. The plan is to incentivise this capture by offering full expensing for property used to capture that gas.
My legislation, the FLARE Act, incentivizes entrepreneurs and crypto miners...
Shoppers in Singapore can now use crypto to pay for gadgets on the Sony Store Online.
In a statement on Tuesday, Sony Electronics Singapore said it has enabled USDC payments through crypto exchange Crypto.com’s payment service, marking the company’s first local move into direct crypto transactions.
The feature allows customers to check out using USDC, a stablecoin pegged to the U.S. dollar. It’s currently exclusive to the Sony Store Online and available only via Crypto.com’s payment system.
Wi...
The Trump family is digging deeper into Bitcoin—this time, with a mining venture backed by Eric Trump. The President’s son is teaming up with Miami-based Hut 8 to launch American Bitcoin Corp.
The mining operation aims to go public and become one of the largest in the country, according to a Bloomberg report on Tuesday.
The announcement marks another step in the family’s broader crypto strategy after the launch of World Liberty Financial in October and the USD1 stablecoin in March.
“It’s excitin...
