Could McAfee actually be right?
McAfee might be crazy like a fox
Looking at some charts, it looks like if bitcoin were to repeat its pattern from 2013, bitcoin could see a massive price increase.
In fact, it looks like prices would get very close to $1 million by the end of next year.
Which is exactly what McAfee predicted.
(Source: https://twitter.com/BitcoinEinstein/status/1189427499568128000)
I really don't want to see him eat his dick on tv.
C'mon Bitcoin!
I don't either. That would be a bit gross. He is in hiding so we will not find it if he does lose the bet.
Of course.
McAfee's projections seem similar to those as described by @PlanB at Twitter: https://twitter.com/100trillionusd
The PlanB theory revolves around the 'Stock to Flow' method. You can find the theory here: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
A live chart can be found here: https://digitalik.net/btc/
The core premise of the Stock to Flow theory is that Bitcoin's value revolves around its scarcity. The scarcer the flow, the higher the price. With each halving, the flow (Bitcoins mined per block) becomes scarcer.
Information on the next halving can be found here:
https://www.thehalvening.com/
and
https://www.bitcoinblockhalf.com/
The essence of this means that we could/should expect a major price rise after the price halving, somewhere within Q3 2020 - Q2 2021. A failure would start to disprove the SF pricing theory.
Not really. The stock to flow model says bitcoin will hit a million a lot later then the end of next year.