{"id":245816,"date":"2020-01-07T09:00:34","date_gmt":"2020-01-07T14:00:34","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=245816"},"modified":"2020-06-13T15:36:43","modified_gmt":"2020-06-13T19:36:43","slug":"john-mcafees-1-million-crypto-prediction-apparently-a-ruse","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/john-mcafees-1-million-crypto-prediction-apparently-a-ruse","title":{"rendered":"John McAfee\u2019s $1 Million Crypto Prediction Apparently \u201cA Ruse\u201d"},"content":{"rendered":"<p>For many with their fingers on the pulse of the crypto industry, John McAfee needs absolutely no introductions. The man holds one of the world\u2019s most successful cybersecurity firms in the world, but it seems that it comes at the price of sheer quirkiness.<\/p>\n<h2>McAfee Claims Bogus BTC Prediction<\/h2>\n<p>The most recent debacle has come from an earlier Twitter post he did. McAfee channeled the very essence of what it means to be bullish, then threw out a $1 million prediction to <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\">buy Bitcoin<\/a>. This prediction was due to happen at the end of 2019; something a simple internet search can debunk.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">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. <a href=\"https:\/\/t.co\/WVx3E71nyD\">pic.twitter.com\/WVx3E71nyD<\/a><\/p>\n<p>&mdash; John McAfee (@officialmcafee) <a href=\"https:\/\/twitter.com\/officialmcafee\/status\/935900326007328768?ref_src=twsrc%5Etfw\">November 29, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Instead of owning up to his mistakes, it seemed he managed to twist this around himself in another new controversy. Through a tweet he did on Sunday, he debunked his $1 million predictions as nothing but a ruse to gain publicity for his security company.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Eat my dick in 12 months?<\/p>\n<p>A ruse to onboard new users. It worked.<\/p>\n<p>Bitcoin was first. It&#39;s an ancient technology.  All know it.<\/p>\n<p>Newer blockchains have privacy, smart contracts, distributed apps and more.<\/p>\n<p>Bitcoin is our future? <\/p>\n<p>Was the Model T the future of the automobile?<\/p>\n<p>&mdash; John McAfee (@officialmcafee) <a href=\"https:\/\/twitter.com\/officialmcafee\/status\/1213839069681205254?ref_src=twsrc%5Etfw\">January 5, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Not to be outdone, the man even claimed that Bitcoin was \u201cancient technology,\u201d something you don\u2019t say unless you want a backlash hard enough to smack you back in time.<\/p>\n<h2>A Brief But Colored History<\/h2>\n<p>Alas, this wasn\u2019t the first or probably the last piece of controversy that surrounded McAffee and his many, many bizarre actions in his service as a \u201ccrypto champion.\u201d Among those things, is posting his Social Security Number on twitter and selecting Cuba to be his presidential campaign headquarters (with running for office being strange already). Perhaps the most bizarre of all these actions is suggesting that extraterrestrial beings ran the US Congress. As one would imagine, there weren\u2019t any hard facts to support that last claim.<\/p>\n<p>McAfee seems to have taken a liking to grab big headlines by doing stupid and\/or bizarre actions to garnet attention. It seems he\u2019s using the headlines to onboard new users as a cheeky way of advertisement.<\/p>\n<h2>Old, Upgraded as New<\/h2>\n<p>However, his claims that Bitcoin is \u201cancient technology\u201d is very much false. To the outsider, it might seem so with the age of 10-years, making it a great-grandfather in technological progression time. However, one must be aware that the Bitcoin network has had several upgrades since its inception, the two most prominent being <a href=\"http:\/\/insidebitcoins.com\/news\/bitmex-bitcoin-derivatives-platform-adds-segwit-withdrawals\/244054\">SegWit<\/a> and <a href=\"http:\/\/insidebitcoins.com\/news\/bitfinex-exchange-becomes-one-of-first-to-support-lightning-network\/243371\">Lightning Network<\/a>.<\/p>\n<p>While Bitcoin\u2019s remaining time in the relentless technological world is still up for debate, the coin still serves many people and undoubtedly will do so for many years. The only cryptocurrency that surpasses Bitcoin in active monthly developers is the Ethereum network.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">For many with their fingers on the pulse of the crypto industry, John McAfee needs absolutely no introductions. The man holds one of the world\u2019s <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/john-mcafees-1-million-crypto-prediction-apparently-a-ruse\" title=\"John McAfee\u2019s $1 Million Crypto Prediction Apparently \u201cA Ruse\u201d\">[&#8230;]<\/a><\/div>","protected":false},"author":1717,"featured_media":222723,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[7596],"tags":[734,5319,7598,7802,7893],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.8 (Yoast SEO v21.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>John McAfee\u2019s $1 Million Crypto Prediction Apparently \u201cA Ruse\u201d<\/title>\n<meta name=\"description\" content=\"John McAfee channeled the very essence of what it means to be bullish, then threw out a $1 million prediction of 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