John McAfee, the colorful founder of his namesake antivirus software company, as well as a former fugitive and passionate cryptocurrency backer, says bitcoin is headed toward the $500,000 mark within three years.
Apparently, he’s got a lot riding on it:
17 Jul
MΔgUra
Replying to
so 1btc 500k $ within 3years?
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John McAfee ✔
if not, I will eat my dick on national television.
9:02 PM - Jul 17, 2017
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That disturbing visual may be a joke, but Bitcoin’s potential is no laughing matter, according to McAfee. In a tweetstorm that began Monday and is still raging, the eccentric techie laid out his bullish case and offered to take any bet to the contrary:
17 Jul
John McAfee ✔
Bitcoin bouncing back fast from it technical correction: pic.twitter.com/6jG7FmXRq4
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John McAfee ✔
Bitcoub's low of $1,800+ yesterday simply could not be maintained. In the long term Bitcoin moves above $500,000 within three years. Bets?
8:14 PM - Jul 17, 2017
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Of course, there were takers:
17 Jul
John McAfee ✔
Replying to
Bitcoub's low of $1,800+ yesterday simply could not be maintained. In the long term Bitcoin moves above $500,000 within three years. Bets?
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MΔgUra
I want to bet! pic.twitter.com/71WusR7BXP
8:33 PM - Jul 17, 2017
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McAfee might be on the extreme end, but he’s not the only one with high hopes for Bitcoin and the rest of the cryptos. Fundstrat’s Tom Lee, one of Wall Street’s biggest equity bears, says Bitcoin’s the new gold, with $55,000 possible by 2022.
At last check, Bitcoin was up almost 3 percent to $2,303.28 after dropping below $2,000 over the weekend. It reached a high of $3,018 on June 11.
The overall crypto market topped the $80 billion-mark Tuesday after the recent declines dropped it to a low of $61 billion, according to Coindesk.
What does this mean for us?
Well, many of us cant afford bitcoin or mine it, but we can easily get hold of satoshis. You see, as the price of a bitcoin goes up, so will the price of a satoshi so buy getting as many as you can at the right time will mean that you can essentially invest in bitcoin on a smaller scale; well currently a smaller scale that will soon explode. Bitcoin over the last 24 hours hit $6000 briefly. Lets not forget that it was almost $2000 less than that a week or so ago.
My message to you is scrape up every satoshi and paying faucet you can and wait 3 years. Money will come your way.
UPvote this post and I will ente you into my 100 000 satoshi giveaway, details coming later today