John McAfee just withdrew his famous 2020 prediction about Bitcoin, now says the cryptocurrency is essentially obsolete

John McAfee just withdrew his famous 2020 prediction about Bitcoin, now says the cryptocurrency is essentially obsolete. By Ethan Huff.

There was a time when John McAfee of antivirus fame predicted that Bitcoin would reach $1 million by 2020. But he’s since changed his mind and decided that Bitcoin will eventually reach $0 because the cryptocurrency is based on “ancient” technology.

Part of McAfee’s former $1 million claim included a personal promise; if it didn’t “shoot the moon,” then McAfee was going to remove his genitalia. But now McAfee claims that this was all just a ploy for attention, and that he never actually intended to do this. …

“Bitcoin was first,” McAfee wrote in a recent tweet disavowing the cryptocurrency that he once hailed. “It’s an ancient technology. All know it. Newer blockchains have privacy, smart contracts, distributed apps and more. Bitcoin is our future? Was the Model T the future of the automobile?”

The world wants a non-government currency that you can send over the Internet, but it doesn’t look like Bitcoin will be it.