In a reasonably haughty Tweet posted earlier right now, American crypto fanatic John McAfee wrote that he was “laughing his f—— ass off” on the concern over Bitcoin’s falling value this week.
The entrepreneur went even additional and reiterated his prediction that Bitcoin would attain $1 million by 2020.
What has him so bullish?
John McAfee Predicts Bitcoin $1 Million by 2020
Bitcoin value has fluctuated wildly in current weeks. Unable to breach the $14,000 mark, Bitcoin topped out at roughly $13,650 and fell again beneath $10,000 on the finish of June. Then final week, the same bull run occurred once more, solely this time, Bitcoin reached roughly $13,050 earlier than declining.
Now, because the coin trades for $10,557 USD, the market is exhibiting concern for the coin’s future—the sentiment is notably bearish.
Nonetheless, McAfee is laughing it off. His Twitter submit from this morning reads as follows:
“Bitcoin is on the mid 10’s and other people fear. LMFAO!! Why do you take note of weekly fluctuations? Have a look at the previous few months FFS! It’s rising drastically. I’m nonetheless optimistic about my $1 mil BTC value by the tip of 2020. Alt cash like MTC and Apollo will rise ten occasions extra.”
The infamous entrepreneur has some extent. Sure, Bitcoin has misplaced round 9% on the week; nonetheless, on the month, it’s buying and selling up 23%, and within the final three months, it has made a achieve of over 100%.
And the bullish sentiment doesn’t cease there. John McAfee just lately predicted that in solely ten 12 months’s time, “there’ll be no fiat anyplace on the earth […] every thing will probably be cryptocurrency.”
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John McAfee for President?
McAfee is at present in exile in Cuba for allegedly evading US earnings tax fees. He’s on the similar time coordinating his second marketing campaign for the American presidency.
Lately, he stirred the market when he stated he would reveal who Satoshi Nakamoto is. Nonetheless, he reneged on this when noting that the following controversy might harm his efforts to combat extradition to the US.
Are you as bullish on Bitcoin as McAfee? Tell us your ideas!
Featured picture: DepositPhotos © nevarpp
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