I talk to these people all the time. Them: "I KMOW stock XXX is going to be at price YYY in time Z." Me: "How much have you invested in stock XXX?" Them: "Oh nothing yet".

I think he means within the context of the Cryptocurrency market, which he is pretty correct on.

Many other coins have gone up 2x, 5x, even 10x in the last weeks/months.

Bitcoin going from 4K to 20K in 4 years (ie 5x) is relatively tame.

I see things this way as well.

Options and derivatives are risky. A merely volatile asset that never expires is pretty conservative in comparison.

Because nobody knows. This has literally never happened before.

99% of Bitcoins are being held by people expecting to sell it to someone else for more than they bought it for. That doesn't seem to be changing.

You just have to do a calculation involving the number of people on the planet to figure out when the supply of new suckers runs dry and the price crashes.

McAfee also said he would chop off his penis and eat it if it didn't hit $500k.

I'm bullish on crypto but McAfee is... well something else.