John McAfee: “I will eat my di*k on national television” if Bitcoin doesn’t hit $500K

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Bitcoin, Ethereum

Taking his bet to rather extreme, John McAfee has said that if bitcoin prices do not surge to $500K per coin in three years, he will eat his dick on national television.

This comes in follow up to a tweet he sent out yesterday wherein he said that according to his doctorate in point-set-topology, bitcoin will hit $2,431,013 in 3 years while other other math systems i.e. cryptocurrencies will be trading at anywhere between $1,900,000 and $2,600,00[0].

To this a Twitter user asked if McAfee was willing to place a bet on “1btc 500k $ within 3years?” to which he replied through a rather extreme wager:

Despite the recent slump in the cryptocurrency markets, the Initial Coin Offering (ICO) frenzy is likely to continue for foreseeable future with McAfee Coin being one of the most recent blockchain-based projects that has cropped up. McAfee posted the official link to the official McAfee Coin website via twitter. McAfee’s confidence in the future of Bitcoin and cryptocurrencies is certainly one of the driving factors for the creation of MCF.

McAfee Coin?

The McAfee coin is most likely is part of a bigger system designed to help fund startups and project. The cryptocurrency enthusiast has formed a corporation by the name of McAfee Crowdchain Accelerator Inc that is being spearheaded by its three founders: Yale Reisoleil, co-founder, chairman and CEO; John Mcafee co-founder and director; John Zhu, co-founder, director and COO.

Although it’s not 100{7b1a8a58d3ffe2d8e535e80e794d8bc0bf06a3ecc0c2050b83ca37784c6fddca} clear what role the McAfee Coin (MCF) will play within the McAfee Crowdchain Accelerator Inc. (McAfeeXL), the company’s purpose is clear: a startup accelerator that aims to get early stage-companies off the ground by providing them with the tools and help they require.

To do so, MCAFEEXL counts with the participation of a “star-studded team of entrepreneurs, market strategists and business experts.” The website reads:

WE THINK HACKERS ARE MOST PRODUCTIVE WHEN THEY CAN SPEND MOST OF THEIR TIME HACKING. OUR GOAL IS TO CREATE AN ENVIRONMENT WHERE YOU CAN FOCUS EXCLUSIVELY ON GETTING AN INITIAL VERSION BUILT. SELECTED GROUP OF GRADUATES OF THE ACCELERATE PROGRAMS WILL RECEIVE MORE FUNDING FROM OUR OWN INVESTMENT FUNDS AND OTHER INSTITUTIONAL INVESTORS AROUND THE WORLD.

However, we do get a few hints on how the MCF token will allow its holders to be involved in the project. According to the website, McAfee Coin holders will be part of the investment team and will be involved in the decision-making process. This means that users will be allowed to evaluate teams in the Accelerator programs, as well as their allocation of later stage funding.

 

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