Man Literally Eats His Hat After Making Terrible Bitcoin Prediction

Many months ago, bitcoins were going for over $1000 a piece, and crypto-currency fever was so high that a Reddit user named “Anndddyyyy” made a bold bet:

“I have no doubt that the market will overshoot bitcoin’s “true value” but if I had to guess it’ll happen much higher than we are and bottom out about where we are right now. I’ll eat a hat on video with ketchup if we’re below $1000 come January 1st.”

Short story: He had to do it.

(Less-short story: Bitcoin trading prices were well below $1000 on January 1st, 2014, and are now valued at roughly $500, give or take a few Mt. Gox collapses.)

Admitting that he was “an idiot but…an idiot with integrity,” “Anndddyyyy” posted a 43-minute-long video of himself eating a red felt beanie with ketchup and many, many gallons of beverages to keep it down.

And this is why people shouldn’t invest in bitcoin: at the end of the day, you’ll be out millions of dollars, and full of hat.

Watch below:

[Image via screengrab]

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