The former antivirus magnate, now a US presidential candidate and a crypto promoter, John McAfee is a long-term Bitcoin bull, probably one of the most extravagant BTC supporters.
He is famous for his stunning predictions of the BTC price and the bets that he made on them. His most famous one is that Bitcoin will hit $1 mln by December 31, 2021.
‘What will stimulate Bitcoin’s rise? Use it!’
When Bitcoin price made small reverses earlier this year, McAfee optimistically wrote on his Twitter page that small price reversals do not matter, reminding the community that since the beginning of 2019, Bitcoin had already risen over 200 percent.
However, McAfee’s reaction to the Bitcoin price collapse that took place earlier this week is different. Now he is encouraging his followers to do whatever they can to stimulate the price of the most popular cryptocurrency.
Possible reasons for the Bitcoin price collapse
As reported by U.Today earlier, the crypto community has been discussing several crucial reasons for the recent Bitcoin’s major decline.
Among them, is the weak start of Bitcoin futures trading on Bakkt, the troubles Libra currency has been having with regulators and a few others.