Penis McAfee, a million dollars and other high-profile bets on the price of bitcoin that were not executed

There has never been a shortage of bitcoin price predictions in the market, but some are taking risksplace bets andmake a bet. At the same time, they endanger not only their finances, but also the body. Are everyone ready to keep their promises?

In July 2017, an extravagant entrepreneur vowed to "eat his penis on national television" if bitcoin didn't growup to $500,000 in 3 years.

Against the backdrop of an impressive Bitcoin rally in the fall of that year, he increased his forecast to $ 1 million per coin by the end of 2020.

Enthusiasts have created web resources that track the performance of a loud forecast, such as this one.

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The logarithmic price scale creates a certain illusion, but Bitcoin needs to grow almost 20 times in order for McAfee’s prophecy to come true.

However, this does not matter: an ex-programmer with presidential ambitions, who confirmed the forecast a few months ago, in January called it a joke. He explained his statement with a desire to attract new users.

Not everyone liked it, and reminders of the obligations made McAfee break into frank rudeness.

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Macafi's move was repeated by the Russiancrypto entrepreneur Ilya Boev. In the summer of 2018, he announced on social networks that he would chop off the phalanx of the little finger if Bitcoin falls below $ 5,000 by the end of the year. In November, cryptocurrency quotes fell to the level of $ 4000, which they could only overcome in 2019. But Boev made a tattoo along the line of alleged amputation and opened a vote to determine the form of the stream about an imminent impending event.

In December, bitcoin reached the bottom of about $ 3200, andthe trader backtracked. In an interview, he said that he wanted to show that experts giving price forecasts should be responsible for their words. How this correlated with his unwillingness to lose the phalanx of the finger after the failure, Boev did not explain.

The scandal ended with a bet about the price of Bitcoin, the founder of the investment company Standpoint Research Ronnie Moas and the head of Civic startup Vinnie Lingham.

In November 2018, Lingham accepted the challenge of Moas andbet $ 20,000 that the price of bitcoin will not overcome $ 28,000 until December 31, 2019. The loser pledged to donate funds to FreeRoss.org. The latter is engaged in legal support for the founder of Silk Road, Ross Ulbricht, who is serving a life sentence.

Lingham reminded Moas of the loss on the first day of the new year.In response, he was accused of the fact that the founder of Civic profited from investors in the project, whose tokens lost almost all their value.Moas also said he was willing to donate funds to any organization from his website, Philanthropy & Philosophy.This was contrary to the terms of the bet, and Lingham felt that his opponent was evadingIn response,he only received a new batch of insults from Moas.

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If we are talking about cash forecast ratesBitcoin prices, the long-term bet was offered by the famous trader Ton Weiss. He is ready to bet that until the next halving in 2024, Bitcoin will drop below $ 2,000. On the day when this happens, the person who accepts the call agrees to pay Weiss $ 200 thousand. If the trader loses, he will pay $ 250 thousand or 1 BTC, depending on what will be higher in value.

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A much larger and longer bet on the price of a basket of cryptocurrencies, including bitcoin, was proposed by the co-founders of Morgan Creek Digital.They intend to repeat the bet of the legendary investor Warren Buffett.The Oracle of Omaha in 2007 bet $1 million on what for 10 yearsThe performance of the S&P 500 stock index will outperform that of a group of five hedge funds.The founders of Morgan Creek Digital are confident that their Digital Asset Index Fund will surpassThe S&P 500 over the next 10 years, and looking for a $1 million challenge.

It is noteworthy that according to BloombergThe Digital Asset Index Fund made a bold bet on bitcoin in December 2017 against the backdrop of an exponential increase in the price of cryptocurrency. According to the publication, the fund acquired an option to buy bitcoins at $ 50,000 on the LedgerX derivatives exchange, which was almost three times higher than the cryptocurrency quotes at that time. The option contract expired in December in December 2018.

However, according to Business Insider, theBlockTower Capital acquired the call option, it was about the right to buy 275 BTC at the above price until December 28, 2018. In any case, Bitcoin was trading around $ 3900 (CoinMarketCap) at that date.

There was an attempt to put bitcoin itself on its price, but the story turned out to be strange.After last year's July highs, the cryptocurrency has been declining. Binance CEO Changpeng Zhao tweeted on August 2 that anyone who sellscryptocurrency at a price below $10,000 will "punish itself."August 6.

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In response, a user under the nickname Kra₿₿y (@BitKrabs) said that he would personally sendZhao 10 BTC if the coin does not fall below $8,000 by the end of the month.It is not known whether Kra₿₿y fulfilled his promise, but his account was suspended and his tweets became inaccessible.Later, the allegedly new owner of the username wrote that he had obtained it "by various means" and was not the real BitKrabs.

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Given the volatility of the first cryptocurrency and itsgrowing popularity, it is unlikely that we will lack opinions on the prospects for rising or falling prices. Surely gambling market players will continue to make a variety of bets on its movements. After the brawler, McAfee, it is doubtful that bets on a part of his own body will be taken seriously, but will forecasters fulfill at least the financial obligations they have made?