Amidst Crypto Market Crashing, John McAfee Speaks on His $1Mln Bitcoin Bet

By Tabassum
Published July 15, 2019 Updated July 15, 2019
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Amidst Crypto Market Crashing, John McAfee Speaks on His $1Mln Bitcoin Bet

By Tabassum
Published July 15, 2019 Updated July 15, 2019

Bitcoin believer, John McAfee is on his stronger tone of $1Million bitcoin bet. Despite the declining value of Bitcoin, McAfee states that “he has never lost a bet”.

$1Mln Bitcoin Bet

On July 15, 2019, all major cryptocurrencies are experiencing a severe decline. In fact, BTC is trading below $10500 and other altcoins also seeing the major downfall. At the press time, Bitcoin is experiencing the drop of 4.16 percent whereas, Ethereum (ETH) sees 6.89 percent, XRP with 1.33 percent, Litecoin (LTC) with 5.66 percent, Bitcoin Cash (BCH) with 9.83 percent, EOS with 4.34 percent, Binance Coin (BNB) with 6.21 percent respectively.

Crypto Market Prices | Coinmarketcap

At the center of panicking market mode, there’s one voice with a hope by an American entrepreneur and vocal crypto advocate, John McAfee. Talking about the recent plunge, McAfee states that I am still positive about my $1 Mln BTC price by the end of 2020. He states that;

As compared to the oldest asset, gold, Bitcoin is just 10 and a half-year-old digital asset. According to McAfee, investors shouldn’t be bothered about its fluctuations – because – he believes, Bitcoin is still the best performing asset looking at the price of Bitcoin for the past few months. Besides Bitcoin, McAfee also shed light on the altcoins. According to him, alt has a bullish future. His tweet on Sunday quickly marked that privacy-focused cryptocurrencies like Monero ZCash, dash, etc will not lose.

The altcoin world wondering what to buy. Vertical markets don’t vary. A medical company in the Crypto world will mirror its fiat counterpart. Med companies are the big winners, always. Privacy coins, in a world of crypto transparency likewise can’t lose. use your heads.

I’ve Never Lost a Bet

Moreover, responding to a user’s comment that doubt on his bet, McAfee states that he gave this bet for a purpose.

I’ve only made one bet in crypto. $1 mil by the end of 2020. I’ve never lost a bet. I cannot lose. It will be many times more. Wake up and use your head. It was given to you for a purpose.

In addition to McAfee, a famous financial analyst and standpoint Research founder, Ronnie Moas also suggest that “stop looking at the five-minute chart”. He quickly remarks that the bitcoin is 300% up in two years and hopes that it may probably see another jump of 150% in the next 6-12 months.

So readers, do you agree with John McAfee.? What’s your prediction of Bitcoin’s price in the near future.? Let us know in the comment below.

Image Source – John McAfee Twitter Profile


The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]

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