John McAfee believes there is no cause for alarm about the fall in the price of Bitcoin

John McAfee, a well-known personality in the crypto-community, has once again shown his confidence in the blockchain industry. The former CEO of McAfee Associates has posted encouraging comments on Twitter following the free fall of the Bitcoin price.

An overreaction

John McAfee is known for his oscillatory price forecasts . He was optimistic and he tweeted:

"Do not panic about lowering the price of Bitcoin. This is an overreaction to the news that Bitstamp, Coinbase, ItBit and Kraken are investigated for possible price manipulation. This will not dampen the bull market by more than 30 days. Do not buy by being afraid. Buy cryptocurrencies. "

These past two days have been challenging for the Bitcoin community. Prices have dropped considerably, leading to panic among cryptocurrency supporters.

McAfee, for its part sees an investment opportunity.

"As Coinbase, Bitstamp, itBit and Kraken undergo a thorough investigation, investors should invest," he said. "Suspicion of price manipulation could be one of the main reasons the bull market is delayed," says McAfee. "However, the bear market will not extend over 30 days. "

Speculation is raging

In response to McAfee's tweet, Felix Lopez, a Twitter user said:

"It's a game, do not be afraid and be patient. Do not fall into this trap, for me it is an opportunity to increase my assets with a fiduciary currency. "

Vijay Krishna, another Twitter user, commented:

"Are you trying to prove that it's not big business manipulation? The hundreds of dollars lost in a few minutes are not organic, and the big boys create that to make more money. Cryptocurrency holdings are too centralized and we are talking about decentralization and so on. Come on John! Let's talk about the reality! "

There is speculation that crypto-currencies are in the red. The Bitcoin and Altcoins market has lost more than $ 50 billion in value over the weekend. Price manipulation is often mentioned in the industry.

Do you suspect price manipulation in the cryptocurrency market? Are you as optimistic as McAfee to think it's time to invest? Tell us your opinion in the comments section below.