Sunday, January 24, 2021

Bitcoin is Old and Clucky, Future of Crypto Rests with the Altcoins –John McAfee

John McAfee, the internet security expert, and cryptocurrency enthusiast had once thrown his weight behind the first and largest digital currency, Bitcoin.

But he’s seemingly changed his stance regarding BTC if one of his recent tweets about the digital token is put into consideration.

In the trending tweet, John McAfee taunted the Bitcoin maximalist that came up with the term “Shitcoin” for all other alternative cryptocurrencies.

He then pointed out that the underrated Altcoins are the future of cryptocurrency, while he labeled Bitcoin as old and chunky. He furthered that Bitcoin has no security, no smart contract, no decentralized apps (DApps).

Conclusively, McAfee said Bitcoin is the only cryptocurrency that deserves to be called Shitcoin.

He said, “Whichever Bitcoin Maximalist came up with the term “Shitcoin” for all other coins; Was brilliant. But we all know that the future of Crypto rests with the Alt Coins. Bitcoin – Old, clunky, no security, no smart contracts, no DAPs… Is the true Shitcoin.”

Meanwhile, McAfee, the 2020 United States presidential candidate withdrew his end of 2020 prediction for Bitcoin some days ago. Before this disclaimer, he usually reiterates that 1 BTC will be priced at $1 million by the end of 2020.

His claim received a shocking reversal after he tweeted that the prediction is nothing but “a ruse to onboard new users”, claiming that his method of publicizing Bitcoin really worked as many traders and investors convincingly came on board.

He said, “Eat my dick in 12 months? A ruse to onboard new users. It worked. Bitcoin was first. It’s an ancient technology. All know it. Newer blockchains have privacy, smart contracts, distributed apps and more. Bitcoin is our future? Was the Model T the future of the automobile?”

Nobody knows what suddenly caused his sudden change of stance regarding Bitcoin, but some crypto pundits believe he’s using that to circumvent the promise to eat his di*k on the national television if his exorbitant BTC price prediction fails.

Bitcoin (BTC) Price Situation in the Market

Bitcoin (BTC) price has been firing on all cylinders over the past 24 hours. There are indications that the digital currency could maintain $9,000 support for another price uptrend beyond the support level.

However, Bitcoin has failed to hold this support for more than 2 occasions in 2020. At press time, BTC is trading at $9,315.12, with a relatively 3% price upsurge in the last 24 hours.

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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