One of the most influential individuals in the crypto community is doubtlessly John McAfee. The former CEO of McAfee associates is known for his crypto price predictions and his ability to influence investors.
John MacAfee tweeted:
“Do not panic about the drop in Bitcoin’s price. It is an overreaction to the news that Bitstamp, Coinbase, itBit and Kraken are being investigated for price manipulation. This will delay the bull market by no more than 30 days. Don’t buy into the fear. Buy the coins.”
During the bearish trend of the last two days, McAfee reacted and asked his followers not to panic as the prices have dropped for good. He said that now is the time to invest, as Coinbase, Bitstamp, itBit, and Kraken are being investigated for any price manipulation techniques. According to him, this maybe one of the major reasons why the bull trend delays, making the prediction that the bearish market would not last more than days.
AMBCrypto.com presented the opinion of Felix Lopez, a Twitter user who commented on McAfee’s tweet:
“Is a game, don’t get scared and be patient. Don’t get into that trap, to me is an opportunity to increase my holdings with fresh fiat”
While Vijay Krishna, a crypto-enthusiast commented:
“Are you trying to prove that this is not Whale’s manipulation? Come on hundreds of dollars drop in few Minutes is not organic & whales create these to make more money. Crypto wealth is too centralized & we talk of Decentralization etc. Come on John let’s talk the reality!”
The bearish market story is full of manipulators and crypto-traders have speculated many reasons for it. Cryptocurrency market has lost over $50 billion of its value during the weekend. Ethereum, Bitcoin Cash, and Ripple noted a fall of 11%.