Thursday, July 2

John McAfee Takes a U-Turn from His $1M BTC Price Prediction – Finance Magnates

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John McAfee, the eccentric tech billionaire and crypto advocate, is backing out from his earlier prediction of Bitcoin prices to touch $1 million by the end of this year.

In his latest tweet on Saturday, he called Bitcoin a “crippled crypto-tech” and his previous claims “absurd humor”.

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McAfee first predicted the insane rise of Bitcoin price rise of Bitcoin in 2018 and has firmly maintained and defended his position for long.

He even said that if Bitcoin failed to rise to his predictions, “I will eat my d**k on national television.”

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But now he has taken a complete U-turn from that stand, calling it complete humor.

“Wake up!” McAfee wrote. “If Bitcoin ever hit $1 mil, it’s market cap would be greater than the GDP of the entire North American Continent.”

“What idiot could believe such nonsense?”

McAfee started to deviate from his earlier insane claims from January, calling it “a ruse to onboard new users.”

“Bitcoin was first. It’s an ancient technology. All know it,” he then added.

A controversial Bitcoin proponent

McAfee is one of the major advocates of the crypto economy with millions of followers. However, he is equally controversial.

Earlier he was accused of shilling shady cryptocurrency projects and was taking hundreds of thousands of dollars for a single tweet.

The 74-year old also launched a crypto trading platform, McAfeeMagic, last year which missed to appeal to the traders.

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