BITCOIN PRICE DIPS TOWARDS $10,000 BUT JOHN MCAFEE STANDS BY $1M CRYPTOCURRENCY BET
Cyber security pioneer John McAfee has doubled down on his prediction that bitcoin will hit $1 million by the end of 2020, despite the cryptocurrency losing $3,000 from its value over the last week.
The controversial tech figure claimed in 2017 that bitcoin would reach $500,000 within three years, pledging, "if not, I will eat my on national television".
At the time, bitcoin was worth around $2,000 and by the end of 2017 was valued at close to $20,000. A price crash in 2018 was not enough to deter him and as bitcoin began to rise again earlier this year, he tweeted that it was "mathematically impossible" for bitcoin to be worth less than $1m by the end of 2020.
Over the last seven days bitcoin has fallen in price by more than 17 per cent to around $10,500 but remains well up from its price at the start of the year, when it was trading at around $3,500.
In response to the latest losses, Mr McAfee tweeted: "Bitcoin is at the mid 10's and people worry. LMFAO Why do you pay attention to weekly fluctuations? Look at the past few months It's rising drastically."
He added: "I'm still positive about by $1 million BTC price by the end of 2020." Mr McAfee is currently residing on a yacht in Cuba with his wife, dogs and security staff after fleeing the US to avoid paying eight-years worth of income tax.
"I'm mad as hell and I'm not taking any more from corrupt-to-the-core government agencies," he previously told The Independent.
Read the full topic at
https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-latest-john-mcafee-cryptocurrency-btc-bet-twitter-a9005846.html
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