large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome. Lee wrote in an investor note cited. McAfee tweeted, adding that if it doesnt: I will eat my d*ck on national television. John McAfee, anti-virus software guru Jorge Lopez Reuters. Investors need to identify strategies to leverage this potential rise in cryptocurrencies. "Cryptocurrencies are cannibalizing demand for gold. Bitcoin, Ether and XRP all grew by more than 10 percent in one day with Ether crossing the 200 mark for the first time since July. The all-time high for the market was 115 billion set back in the middle of June. McAfee's new company, mgti, has positioned itself as North America's largest bitcoin miner and is expanding operations into other cryptocurrencies.
Bitcoin reached a high of 3,018 on June 11 but recently took a beating, dropping below 2,000 over the weekend before rebounding to over 2,300 early this week. "Bitcoin is arguably becoming a scarcer store of value. Bitcoin's low of 1,800 yesterday simply could not be maintained. Fundstrat's Tom Lee, known for his bearishness, has dubbed Bitcoin "the new gold claiming that a price of 55,000 is possible by 2022. 7.9k, online, a community dedicated to Bitcoin, the currency of the Internet. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. In the long term Bitcoin moves above 500,000 within three years. That is about as bullish a bet as one can find in the commodity markets, especially the notoriously volatile cryptocurrency trade. For perspective, McAfee is hoping for a rise of 22,636 percent in the next three years in order to save his manhood.