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John McAfee: Bitcoin (BTC) Is Unstoppable from Long-Term Perspective, Price Manipulation Does Not Matter
John McAfee, who is currently running a US presidential campaign in order to popularize cryptocurrencies, and has been a Bitcoin supporter for a very long time, has recently posted several tweets in which he assures that Bitcoin will get ahead of all its opponents in the end.
Bitcoin is bound to win
As per McAfee’s recent statements on Twitter, Bitcoin supporters should believe in the father of crypto no matter what. He also compared crypto with the very first automobiles when those appeared in the age of steam-powered locomotives.
You say the world's powers will stop Bitcoin? Impossible. New technologies always wind. All the laughter in the world, plus a huge war with the most powerful industry in the world at the time - the Railroads - did not stop the Model-T from ushering in the age of automobiles.
— John McAfee (@officialmcafee) March 20, 2019
As for the price manipulation that many suspected in 2018 and even now, he told them to calm down, assuring everyone that nothing can stop Bitcoin from mass adoption eventually.
People complaining about Bitcoin price manipulation by powerful players. Forget it. There's not enough power on Earth that can stop Bitcoin in the long run. Relax and be patient.
— John McAfee (@officialmcafee) March 20, 2019
Alex DovbnyaSEC screams of manipulation in the crypto market
McAfee’s tweets seem to be provoked by the recent public words of Jay Clayton, the head of the SEC. Last week in one of his speeches he mentioned big players manipulating prices in the market of digital assets.
As per Clayton, this manipulation is the main thing preventing the SEC from giving the green light to Bitcoin ETFs (exchange-traded funds). As another reason for the delay in approval, he names high volatility in the crypto market overall.
Previously, McAfee called the SEC abusive names using medical terms and swear language and even called out Clayton for a debate. But the latter never took place.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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