Trevon James, a former promoter of the famous cryptocurrency Ponzi scheme, BitConnect, made a Bitcoin prediction in 2018, which he must be regretting today. Back in 2018, he said that BTC’s price will be $10 on January 1st, 2020 and that he would eat his own dog’s excrement live on the internet if this is not the case.
James To Eat More Than His Words
James is a notorious YouTuber within the cryptocurrency community, mostly with promoting one of the largest scams in the industry – BitConnect. It offered a 10% return on investment each month, and the coin (BCC) rose notably to $463 during the parabolic price increase of 2017 but ultimately plunged to less than $5 by January 2018, and then shut down officially.
While the community was attacking James for his knowing promotion of a suspected Ponzi scheme, he decided to offer a strongly negative prediction regarding Bitcoin’s price. Back in December 2018, he said that the largest cryptocurrency will be worth $10 as of today – January 1st, 2020.
If his prognosis is somehow wrong, he will eat his own dog’s poop. As we know today, BTC is at around $7,200, which is a long way from $10, so James indicated that “I’m a man of my word” and that he will stream live the video of the unpleasant feast.
— Trevon James (@BitcoinTre) January 1, 2020
Even though he claims that he streamed the video, it’s worth noting that it doesn’t appear on the platform nor on his YouTube channel.
Interestingly enough, James might now be promoting another controversial cryptocurrency-related project – Hex.
Other Bitcoin Predictions
The largest cryptocurrency is the target of similar predictions quite regularly, but it generally proves people wrong.
One of the most famous ones came from the prominent Bitcoin’s supporter and former antivirus tycoon – John McAfee. As he confirmed in an interview with CryptoPotato, he thinks that BTC will reach $1 million by the end of 2020.
Some realistic and accurate predictions came from an anonymous analyst posting last year how Bitcoin’s price will change in the course of two years. While he was spot on at his first few picks, he was wrong about October, saying that BTC will be at $16,000, but in reality, it reached a monthly high of $9,700. The next listed month from his post is February, and the price is set for $29,000.
Most recently, another Bitcoin proponent, Michael Novogratz, seemed less optimistic about his prediction. Previously, he said that the largest cryptocurrency will go back to its all-time high of $20,000 by the end of 2019, but now it appeared that he is losing confidence by forecasting $12,000 at the end of 2020.
Featured image courtesy of Yahoo Finance