Bitcoin Price Reaching $1 Mln Is 'Nonsense', According to John McAfee

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Sun, 05/31/2020 - 08:22
Alex Dovbnya
Crypto baron John McAfee says his $1 mln price prediction was just ‘absurd humor’
Cover image via www.facebook.com
Contents

 

In a recent tweet, British-American tech magnate John McAfee has once again laughed off his famous $1 mln price prediction by calling it ‘nonsense.’

McAfee explains that the market cap of the world’s leading cryptocurrency would surpass the GDP of North America is that was the case.      

image by @officialmcafee

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Bitcoin is ‘the most crippled’ crypto tech

As reported by U.Today, the septuagenarian suddenly turned his back on Bitcoin back in January, which angered and dumbfounded many of his followers.     

He claimed that the widely reported prediction posted in July 2017, according to which he would eat his penis if the BTC price didn’t reach the $1 mln mark by December 2020, was simply a ‘ruse’ that was meant to lure new people in the space. 

Notably, McAfee confirmed that he was still standing by his call for just one month before withdrawing his promise.   

The crypto baron drew parallels between Bitcoin and the Ford Model T to make his point that the former doesn’t represent the future of crypto. In his new tweet, he calls it ‘the most crippled crypto tech.’

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McAfee’s new crypto darlings

Despite betraying the Bitcoin community, McAfee hasn’t abandoned crypto. After denouncing the BTC, he threw his support behind privacy coin Monero, which allows its users to remain anonymous.

Recently, McAfee also debuted his own privacy-focused cryptocurrency GHOST coin,’ which was accused of plagiarism by PIVX developers.

McAfee seems to be convinced that Ghost and Richard Heart’s controversial HEX tokens, which recently approached $1 bln market cap despite being called an outright scam by critics, could potentially fake much better than Bitcoin.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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