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
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
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]coingape.com