2018-9-1 19:39 |
John McAfee continues to provide his insights on the state of the crypto market via Twitter. In one of his recent tweets McAfee explained that he thinks that psychology drives the bear market and that once reality sets in, the bear phase will be gone. He has previously said that the Bitcoin bull phase will come to the world like a volcanic eruption. This time, he seems to have mellowed his tone.
When Will Reality Hit the Market?John McAfee wrote on Twitter:
As Bitcoin miners know: this year has marked a huge increase in the adoption and use of Bitcoin. Simultaneously, there has been a massive bear market. Clearly the bear market is psychologically motivated. At some point, reality will set in and the market will reflect true growth.
— John McAfee (@officialmcafee) August 30, 2018
This tweet was met with some scathing comments, and some outrightly dismissed what McAfee claims.
One commenter went as far as to ask him if he is okay, saying this is one of the most “normal” tweets from him that he has seen.
Another commenter asked McAfee if this tweet means that he admits all his predictions about cryptocurrencies till date are wrong.
McAfee replied:
As I've said: it is mathematically impossible for Bitcoin to be less than $1 mil by the end of 2020. The Sun turning into used condoms is more likely than Bitcoin being less than $1 mil. If you dont see this: try getting an original thought instead asking the sheep what to think!
— John McAfee (@officialmcafee) August 30, 2018
Where Is McAfee Going With This Tweet?John McAfee has been a staunch crypto bull. In one of his previous tweets, he predicted that the bull market is coming and when it finally arrives, “it will make the eruption of Krakatoa seem like a Meerkat’s burp.” The whole Tweet read:
Bitcoin – $1,000 increase in one week. Is this the bull market? I have no clue. 10 such increases in succession and I will consider it Bull. In the meantime, know this: The Bull Market IS coming. And when it does, it will make the eruption of Krakatoa seem like a Meerkat's burp.
— John McAfee (@officialmcafee) July 18, 2018
For a person like McAfee, this is normal day-to-day tweeting. The above tweet was made over a month ago, but no staggering improvement in the crypto market has happened since then.
John McAfee Claims Reality Will Set in for the Cryptocurrency Market was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
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