John McAfee has doubled down his confidence in bitcoin by publicly stating on twitter once again, his belief it will be worth $1 million by the end of 2020.
Bullishly, the controversial entrepreneur reiterated that he would eat his manhood if the cryptocurrency fails to perform to that level, as promised earlier this year.
The founder of the eponymously named security software, McAfee has something of a reputation for backing the volatile cryptocurrency with outrageous comments and keeping company with Bitmains CEO Jihan Wu.
Earlier this year, McAfee signified his faith in the cryptocurrency by proposing a similar forfeit, stating he would eat his penis on national television if bitcoin did not reach $500k within three years.
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 (@officialmcafee) November 29, 2017
“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,” he said. McAfee said bitcoin has accelerated much faster than what he originally thought and therefore had to revise his opinion. “I will still eat my d*ck if wrong,” he added.
As of Wednesday, the digital currency (Bitcoin) was valued at a record $11,000, up from $1,000 at the beginning of the year.