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Bitcoin Bull John McAfee Urges to Ignore the BTC Price Fall, Stands Firm on $1 Mln in 2020

  • Yuri Molchan
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    As Bitcoin plunged below $8,000 this morning, the Bitcoin permabull and ‘crypto anarchist’ John McAfee urges the community to ignore it, confirming his $1 mln forecast

Bitcoin Bull John McAfee Urges to Ignore the BTC Price Fall, Stands Firm on $1 Mln in 2020
Cover image via www.youtube.com
Contents

John McAfee, an eccentric and controversial figure of the crypto industry, has again addressed the community, calming them down and urging not to panic over the current Bitcoin price’s massive drop.

Instead, he suggests the following: ‘woo your spouse or finish off your drug stash’ but do not pay attention to the Bitcoin massive loss in value. As before, McAfee confirms his manhood-risky forecast for $1 mln per Bitcoin by the end of 2020.

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McAfee supports Peter Brandt

Posting a screenshot of an article published by U.Today, in which the trading guru Peter Brandt predicts the Bitcoin price to hit $50,000, McAfee stated that he agrees with him on this mind-term forecast.

As per the long-term direction of the BTC price, John McAfee stands firm on his previous prediction of $1 mln per Bitcoin by the end of 2020.

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‘Stop wringing your hands!’

Being on the run from the US IRS and changing ‘safe locations’ every now and then, John McAfee remains deeply involved in the crypto industry, cooperating with various companies. Among his most recent ‘jobs’ is the Chinese project Zombie Coin and the Burency crypto exchange.

Every time that the bears started to win over the bulls on the BTC market recently, McAfee urged the community not to take these shifts of the price seriously, promising the brightest future for dedicated Bitcoin investors and hodlers.

This time he says ‘stop wringing your hands. All is well”.

As reported by U.Today, earlier, at the weekend he addressed the crypto community via his Twitter page, encouraging them to do whatever they can to stimulate the BTC rise.

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About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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