CCBeast Special

John McAfee: “Stop short term thinking.”
Editorial Team

Bitcoin pioneer and bull John McAfee recently “got real” about the flagship cryptocurrency’s price decline, by highlighting that one year ago today Bitcoin was not trading close near $ 6,000 price.

The cryptocurrency advocate recently claimed that he was spiked and left dead. On June 23, on Twitter told his over 830,000 followers that one year ago Bitcoin was trading $2,560 and at the time of his tweet it was at $ 6,000.

At press time, the cryptocurrency price dropped below the $6,000 mark, and it is currently trading at $5,780. Per him, his followers should “stop the short-term thinking.”

Notably, one of the latest predictions of McAfee said that Bitcoin would surpass $15,000 this month. According to him, using a never-proved wrong algorithm, he also predicted that EOS would hit $32 by the end of July. Also, Bitcoin Private (BTCP), a cryptocurrency he promoted on social media was set to hit $200 by end of July.

EOS is trading at $7.17 after falling nearly 14 percent in the last 24 hour period, partly because of the EOS Core Arbitration Forum’s (ECAF) move to order the network’s 21 block producers to freeze 27 accounts.

Bitcoin Private (BTCP) at the press at $11.763 after a slow fluctuation of its price during the past 24 hours. In case the coin hit $200 by the end of July would translate to a surge of over 1,600 percent in little over a month.

The boldest prediction of John McAfee is Bitcoin to hit $1 million by 2020. According to tracking websites, Bitcoin was on track until a few months ago. But now it is down 49.72 percent as the price would need to be over $11,700 to be on target.

The last revelation of McAfee was that he was going to stop promoting Initial Coin Offerings (ICOs) after the alleged threatening by the US Securities and Exchange Commission (SEC). Few time after making this announcement, he partnered up with a relatively unknown company named Bitfi to promote a “truly unhackable” cryptocurrency hardware wallet.