John McAfee: “The Bull Market Is Coming” Get Prepared for a Volcanic Eruption
The software security specialist, John McAfee, is a highly controversial person not only because of his peculiar way of life but also because of his opinions and his direct way of speaking. Due to this skills, he attracts sizable followers on his Twitter account.
Recently he made a strong comment regarding the future of bitcoin, saying that the bull market is coming and that it will be like the explosion of a Volcano.
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) 18 July 2018
Despite the high volatility of Bitcoin (BTC), McAfee’s optimism seems to be entirely valid. In more technical terms, other analysts like Tom Lee mentioned that Bitcoin would reach $22,000 by the end of the year.
Beyond the fact, this is probably physically impossible, and the sheer thought of this is a bit disconcerting, it certainly is a statement that captures the imagination. But this is not the first time that he gives very positive comments on cryptocurrencies or bitcoin. In the past, he said that Bitcoin was going to reach $1 million dollars by the end of 2020, which is a very bullish statement.
Since Bitcoin grew $1,000 dollars in just a few hours, we cannot deny that there is a strong positive feeling that the bear market, started in December 2018 for this famous virtual currency, may have touched a bottom.
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