Thursday, May 13, 2021

John McAfee: No One Accepts Bitcoin (BTC) Anymore, Monero (XMR) is Most Widely Used Coin

John McAfee, the Septuagenarian internet security guru, has once again thrown jibe at the use cases of Bitcoin by claiming that no one accepts BTC anymore. But he threw his weight behind Monero (XMR) as the most widely used coin.

Obviously, John McAfee is no more a fan of Bitcoin for reasons best known to him. He started showcasing his disinterest in the digital currency a couple of months ago.

He has since played down his $1 million price prediction for BTC, tagging it as a ruse to entice potential investors. Since then, he has been seizing the slightest opportunity to taunt the functionalities of Bitcoin.

John McAfee Says Monero (XMR) is Now the Most Widely Used Coin, Not Bitcoin (BTC)

This came about after John McAfee took to Twitter some hours ago, to question the reason why virtually all cryptocurrencies correlate with Bitcoin (BTC) in terms of price trend.

He then cited Monero (XMR) as a good example of a privacy coin that should grow without bowing to the sovereignty of Bitcoin that has ZERO privacy.

John McAfee shared this, “Does anyone else see the insanity of virtually all of crypto being tied to the value of Bitcoin? Why for example, should Monero, whose value is its Privacy, be tied in any way to a coin that has ZERO privacy — Bitcoin?”

The tweet called for responses from crypto enthusiasts, especially Bitcoiners, who are expected to disagree with John McAfee’s assertion about Bitcoin (BTC).

A Twitter user replied, “BTC is king. It shouldn’t be that way of course, but it’s what we have right now. So I’m rooting for it.”

In response to the user’s stance, McAfee agreed that Bitcoin is the most widely traded coin, but “it’s not the king”. He then stressed further that the most widely used coin is Monero (XMR), claiming that no one is interested in accepting BTC, due to its lack of privacy.

“It is not King. It’s the most widely “traded” coin. The most widely “used” coin is Monero. If you doubt that check vendors on the Dark Web. No-one accepts Bitcoin anymore,” John McAfee responded.

In the thread of tweets, John McAfee took his time to answer all contradictory responses coming from supposed Bitcoiners, reiterating his assertion regarding the use cases of Bitcoin (BTC) and Monero (XMR).

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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