McAfee Advocates Long-Time Hodlers to Stay Bullish on Bitcoin

Vocal Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term supporter and businessman John McAfee John McAfee John McAfee is a well-known British-American computer programmer and businessman. He founded McAfee Associates, a software company, which operated from 1987 to 1994. Through the creation of McAfee, the world’s first commercial antivirus software, McAfee Associates experienced unprecedented success. After leaving McAfee, John became involved with companies like Future Tense Central, QuorumEX, Everykey, Luxcore, and MGT Capital Investments. John McAfee Transitions to CryptocurrenciesThrough the su John McAfee is a well-known British-American computer programmer and businessman. He founded McAfee Associates, a software company, which operated from 1987 to 1994. Through the creation of McAfee, the world’s first commercial antivirus software, McAfee Associates experienced unprecedented success. After leaving McAfee, John became involved with companies like Future Tense Central, QuorumEX, Everykey, Luxcore, and MGT Capital Investments. John McAfee Transitions to CryptocurrenciesThrough the su Read this Term remains bullish on the almost ‎nine-year-old cryptocurrency and expects that it will continue to rise in value.

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Even amidst concerns over Bitcoin's hard forks and its recent violent price ‎fluctuations, the colorful founder of the first commercial anti-virus program believes the ‎cryptocurrency has a bright future.‎

To be sure, Bitcoin has undergone such split off events before. Also, ‎China cracked down on cryptocurrency exchanges, effectively ‎barring citizens from any related transactions, and the impact of both moves was ‎short-lived and Bitcoin’s price went up again.‎

Over the past weeks, McAfee was able to draw a huge amount of attention from the technology ‎and business press onto his social media profiles by making some very bold statements ‎regarding Bitcoin and some digital tokens.‎ Last Thursday, McAfee announced through his Twitter page that he will be discussing a new coin every day.

It’s been a wild ride for Bitcoin in December. When the month started, the digital coin ‎was worth less than $10,000, but the value of Bitcoin has exploded since then as it was sold for ‎nearly $20,000 on December 17. Later, price has reversed from the all-time high, slumping as ‎much as 45 percent last week, before staging a strong rebound to around $16,000. ‎

While the frenzy prompted bubble warnings from observers, interest ‎from McAfee shows no signs of abating. The ‎man also repeated his rosy outlook ‎from last month when he doubled his previous price target for ‎Bitcoin, believing that the cryptocurrency will reach $1.0 million by the end of 2020.‎

As I predicted, Bitcoin is rebounding and rapidly climbing after Christmas. It is still, by far, the best long term crypto investment, and I firmly stand by my prediction of $1 million by the end of 2020. pic.twitter.com/FaaSIuUS7i

— John McAfee (@officialmcafee) December 26, 2017