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John McAfee Slams Bitcoin Hard, Community Taken Aback

Wed, 01/29/2020 - 08:05
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Yuri Molchan
Prominent Bitcoin bull John McAfee suddenly defects on Bitcoin, calling it ‘the true shitcoin’ and makes a bet on alts
John McAfee Slams Bitcoin Hard, Community Taken Aback
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The US presidential candidate John McAfee has always been famous as a Bitcoin permabull who first predicted BTC to hit $500,000 in late 2020, later on raising his bet to $1 mln.

The former antivirus mogul even publicly stated that he would eat his own penis on US national TV unless BTC traded at $1 mln by December 31, 2020.

Now, in the latest tweet, John McAfee says that the future of crypto rests with altcoins and that Bitcoin is ‘the true shitcoin’.

McAfee defects on Bitcoin, again

In a recent Twitter post, crypto baron John McAfee praises the Bitcoin maximalist who first started using the word ‘shitcoin’ to refer to altcoins, thus expressing their negative attitude to alts and pointing to Bitcoin as superior to them. However, what McAfee does next is criticize BTC, calling it ‘old’ and ‘chunky’.

‘It is the true shitcoin’, he concludes.

Earlier, U.Today reported that McAfee backed off his promise to eat his manhood publicly if BTC failed to reach the $1 mln price per coin. He stated that this prediction was merely a ruse to attract new users to the crypto industry. And it worked, he said. Besides, he called Bitcoin ‘an ancient technology’ earlier too.

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The community’s reaction to McAfee’s tweet

In the comment thread, some users started rebuking McAfee for the new attitude he recently adopted towards Bitcoin.

One user believes that McAfee has begun to call BTC a shitcoin because he is about to take part in presidential elections on November 3 this year. If BTC fails, this person says, altcoins will become 'the useless rest' too.

Another person reproaches McAfee, saying that he has made a U-turn on Bitcoin since his prediction regarding the $1-mln price this year is most likely to fail.

Other commentators seem to be led to believe that McAfee is about to start promoting coins on his Twitter account again. Therefore, they say, he is praising altcoins again, instead of the flagship crypto - Bitcoin.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at