(Sad to say I tried it- and it's true, in fact I struggled with the seventh fold.
Seemingly high school student Britney Gallivan, successfully folded a piece of paper 12 times by folding the paper in a single direction, I tried this and couldn't do it. She also folded gold foil more than 7 times while rotating the folding 90 degrees after each fold, but let's face it, gold foil is not paper.
Go on - have a go, and let me know how you get on.)