In a moderately haughty Tweet posted earlier right this moment, American crypto fanatic John McAfee wrote that he was “laughing his f—— ass off” on the concern over Bitcoin’s falling worth this week.
The entrepreneur went even additional and reiterated his prediction that Bitcoin would attain $1 million by 2020.
What has him so bullish?
John McAfee Predicts Bitcoin $1 Million by 2020
Bitcoin worth has fluctuated wildly in latest weeks. Unable to breach the $14,000 mark, Bitcoin topped out at roughly $13,650 and fell again under $10,000 on the finish of June. Then final week, the same bull run occurred once more, solely this time, Bitcoin reached roughly $13,050 earlier than declining.
Now, because the coin trades for $10,557 USD, the market is displaying concern for the coin’s future—the sentiment is notably bearish.
Nevertheless, McAfee is laughing it off. His Twitter post from this morning reads as follows:
“Bitcoin is on the mid 10’s and other people fear. LMFAO!! Why do you take note of weekly fluctuations? Have a look at the previous few months FFS! It’s rising drastically. I’m nonetheless optimistic about my $1 mil BTC worth by the top of 2020. Alt cash like MTC and Apollo will rise ten instances extra.”
The infamous entrepreneur has some extent. Sure, Bitcoin has misplaced round 9% on the week; nevertheless, on the month, it’s buying and selling up 23%, and within the final three months, it has made a achieve of over 100%.
And the bullish sentiment doesn’t cease there. John McAfee not too long ago predicted that in solely ten yr’s time, “there’ll be no fiat anyplace on the earth […] all the pieces will probably be cryptocurrency.”
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John McAfee for President?
McAfee is at present in exile in Cuba for allegedly evading US revenue tax costs. He’s on the similar time coordinating his second marketing campaign for the American presidency.
Lately, he stirred the market when he stated he would reveal who Satoshi Nakamoto is. Nevertheless, he reneged on this when noting that the following controversy may harm his efforts to struggle extradition to the US.
Are you as bullish on Bitcoin as McAfee? Tell us your ideas!
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