- Bitcoin (BTC) is on an unstoppable Bull Run -John McAfee declares
- McAfee hits Naysayer analysts, tagged their posts as pipe line dreams
Bitcoin (BTC) has been enjoying a consistent and steady growth in market price for the past 2 weeks as it continues to beat huddles set before it with no sign of retracting. Investors, pessimists and prophets of doom for BTC are seeing reasons they should concur to John McAfee and other prophets of hope for Bitcoin.
Bitcoin (BTC) has not been the only cryptocurrency experiencing the best atmosphere since the beginning of this year in crypto market after the devastating bear market of 2018 as other alternative digital currencies are also in a notable green light level in the market.
At press time, Bitcoin (BTC) is trading below $7,000 after touching $7,500 few hours back.
All the top 10 digital assets except Tether (USDT) are also undergoing a surge in market price except now that they are all seeing a small price retrace. Tether’s inconsistence in price growth could be associated with the financial scandal it had with Bitfinex exchange days ago.
John McAfee Hits Naysayer Analysts and Their Bitcoin (BTC) Price Barrier Posts
John McAfee, the British-American computer programmer, is a well-known Apostle of cryptocurrency especially Bitcoin (BTC). McAfee had once in 2017 predicted a stunning Bull Run that will take BTC to 1 million US dollars by ending of 2020.
John McAfee had consistently stood against resistances since his distinct Bitcoin (BTC) prediction was made. While explaining the reason he has been resolute on his forecast, he said the fact that cryptocurrency is a nascent commodity is an added advantage, and the mathematical formula used in traditional stock market is not applicable in the crypto market.
McAfee in his recent tweet hits analysts that have been placing Bitcoin (BTC) price barriers, claiming that their critical posts are meant to confuse some impatient investors to sell. Specifically, John McAfee reiterated that Bitcoin (BTC) will be unstoppable according to his prediction as it recently broke $7000 resistance.
Broke $7,000. The price barriers every naysayer analyst posts are merely pipe dreams for short sellers. This growth, as I predicted, will not stop. pic.twitter.com/5GXtpXufOB
— John McAfee (@officialmcafee) May 12, 2019
McAfee has been summoning confidence over his prediction, while Bitcoin (BTC) keeps sailing through its resisting huddles. However, $1,000,000 Bitcoin (BTC) price is quite enormous to come by given to the short time interval binding his prediction, but it is possible if BTC progresses geometrically.
Meanwhile, some prophets of hope like McAfee have been predicting significant surge in price for Bitcoin (BTC), the recent one came from a popular Russian economist, Vladislav Ginko, who claimed that the continuous sanctioning of Russia by the United States will launch Bitcoin (BTC) on an irresistible rise in price, which would push it up to $2 million by 2020.
Ginko clearly stated that Russia has plunged into buying Bitcoin (BTC) in numbers, preplanning to diversify its reserve with Bitcoin (BTC) in order to reduce the impact of US sanctions.
In conclusion, Bitcoin (BTC) continues to surge in the cryptocurrency market, taking almost all top digital currencies along, nobody knows its stopping point but analysts claimed it will continue to soar. All predictions are speculations until the predicted price is achieved.