In July (2017), John McAfee made an outrageous bet - if Bitcoin did not hit $500,000 within three years, he would "eat his own dick."

Today, he upped that bet... significantly!

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

And so $1,000,000 Bitcoin price by end 2020 now... this is what that would look like (on a log scale)...

As a reminder, McAfee's new company, MGTI, fashions itself to be North America's largest bitcoin miner -- leveraging up to purchase high powered machines to mine the valuable cryptocurrency.