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.
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;
Bitcoin is at the mid 10's and people worry. LMFAO!! Why do you pay attention to weekly fluctuations? Look at the past few months FFS! It's rising drastically. I'm still positive about my $1 mil BTC price by the end of 2020. Alt coins like MTC and Apollo will rise ten times more.
— John McAfee (@officialmcafee) July 14, 2019
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
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.
$BTC is a five-year hold so stop looking at five-minute #charts | yesterday we were at $11,400 and all was well … today people are acting like the sky is falling | #bitcoin is +300% in two years and will probably jump another 150% in the next 6-12 months … #relax #crypto
— Ronnie Moas (@RonnieMoas) July 14, 2019
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
- OpenSea Fixes Vulnerability, But Users Are Still Losing NFTs To Hackers
- Crypto Mining: Putin Says Russia Has a ‘Competitive Advantage’ – Wants to ‘Tax and Regulate,’ Not Ban It
- Goldman Sachs Says Mainstream Crypto Adoption Not Enough to Boost Bitcoin (BTC) Price
- Fidelity Eyes for ETFs Tied to Metaverse After the SEC Rejects Its Spot Bitcoin ETF
- Rio De Jeneiro’s Mayor Reveals 1%Of Its Treasury Reserves Will Be Poured Into Cryptocurrencies
- Fake Grimacecoin Jumps 285,000% After McDonald’s’ Response to Elon Musk Tweet
- Turkey President Tayyip Erdoğan Orders For Metaverse Research
- After Twitter, Reddit Might Allow Users To Add NFT as Profile Picture
- Facebook’s Bumbling Crypto Venture Diem to Wind Down, Sell Assets
- Breaking: Valkyrie Planning To List Bitcoin Mining ETF On NASDAQ
- Solana Creeps Higher, Looks To Revisit January Highs AT $177.0
- Ethereum Price Analysis: Fibonacci Retracement level 0.618 Triggers Recovery Rally In ETH Coin
- BTC Price Analysis: Death Crossover Brings Nightmares On Satoshi Street; Is This A Buying Opportunity?
- Bitcoin Death Cross Haunting Investors, Will BTC Make or Break?
- DOGE Price Analysis: Highly Influential Bearish Trendline Undermines Bullish Attempts; Buy, Sell Or Hold?
- Terra Price Analysis: Will LUNA Price Bounce Back at 0.382 Fibonacci Retracement?
- SAND Price Analysis: Sandbox Price Losses 50% Retracement Level, Good Time to Buy?
- LINK Price Analysis: Chainlink price reclaims 200-day EMA, Emerging trendline Suggests More Upward Price Movement
- Harmony Price Analysis: Rising Parallel Pattern Could Lead 30% Growth In $ONE Price
- Ripple Price Analysis: XRP Bears Struggle To Breach $0.7 Support Zone, Is A Reversal Next Move?