John McAfee Still Bullish, Did Banks Start Buying Crypto

in bitcoin •  last year 


The cryptocurrency market has had a big bounce into the $300 billion range overnight. The massive volume spike was the most Bitcoin volume in a 24 hour period, ever. Could this be the beginnings of the institutional investment wave?

John McAfee appears to be still keeping his wager to eat his own genitalia if Bitcoin doesn't reach $1 million per coin by December 2020. His ultra bullish sentiment is backed by math and statistics. He says the short term drop is irrelevant. I will cover the price targets given by Trace Meyer of Kraken in my next video

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Something that people need to understand is as bizarre as it sounds it is 100% very possible for bitcoin to hit that Million dollar mark and even beyond. Bitccoin is a limited commodity with not a large number of coins circulating unlike out Fiat dollar, once this market reaches the trillion dollar mark like out forex market has we will see bitcoin, Dash , Monero, Litecoin and maybe a few other coins will just explode into the stratified. In the 1700's Oil was something new and profound, if you had it, it would make you "rich quick" loaded so to speak, and now we have this random money making machine again with the crypto market, geeks and nerd who lived in basements 9 years ago are now Multi millionaires and possible Billionaires! Hold the large alts guys

A bounce of that magnitude in such a few hours? omg! I'll be waiting for your video about Tracere Mey

  ·  last year (edited)

I wish it is. You are so right about Bitcoin. In cryptocurrency market in every refresh on the page 5 bil is added. Amazing....
Haven’t seen the market behave like that in a while.Could the EOS airdrop be a factor too?

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thank bro

We didn't really break the downtrend line yet, but we are certainly heading in the right direction
if this is the beginning of the institutional investment wave then we can imagine what is ahead of us
rocket is about to take off

I had a lot of trouble streeming dtube today but I muttled through. I would assume that the banks are going to be picking up as much crypto as they can and I'm surprised they haven't bought the pot already like in poker.

  ·  last year (edited)

Like it or not, this man has a lot of influence on the market with his statements. I guess it's good news for the HODLers!!

If it will be ten times lower it's still fine. I'm not greedy :D

For Pierre-Antoine Desouler, CEO of Iban First, an international banking company based in Brussels thinks the same. According to him, "Bitcoin lines of code may be more valuable than gold ingot in the future." Another optimistic information on the future of the cryptocurrency @investing

I'm also a believer, it will reach a very high point until that time.

Hey mr connor is just crazy how this world of crypto is changing. Everything from one night to the next. I just saw your video on YouTube. Great news
thanks for doing a great job
Cheers o/

In my opinion many newbies sold out everything when they saw few red days in a row. Another thing what affected on big dips was bad news from asia. But i hope we survived that and now green days will come and everything will back to normal .

Banks have been against the concept of the cryptocurrency and only now they are catching up with the concept of the blockchain technology.

We are about to start a new stage where cryptocurrencies dominate currencies and work online..!

Steemit is the future

They seem to want an economic war
America appeared to be fighting against PeteChain and China had become supported
It is very strange

Global central banks will start holding digital currencies in the next year, the chief executive of a cyrptocurrency wallet platform told CNBC Monday.

"I think this year will be the first year we start to see central banks start to hold digital currencies as part of their balance sheet," Peter Smith, CEO of Blockchain, told CNBC.

Smith said that central banks would likely buy bitcoin and Ethereum as part of their reserves. Central banks hold gold and foreign currency reserves to allow them to act if there are any market shocks.

The rise of bitcoin as an asset could mean some monetary authorities will have to begin holding it.

"Bitcoin is already a top 30 currency by supply, and this trend, and pressure to hold digital currency as part of reserves will only accelerate as the price rises," Smith said.

There is a growing chorus of voices suggesting that cryptocurrencies could be bought by central banks. In an opinion article on Coindesk, Eugene Etsebeth, a former central banker with the South African Reserve Bank, said that cryptocurrencies will fulfill a new requirement as "digital gold."

"In 2018, G-7 central banks will witness bitcoin and other cryptocurrencies becoming the biggest international currency by market capitalization," Etsebeth wrote.

"This event, together with the global nature of cryptocurrencies with 24/7 trading access, will make it intuitive to own cryptocurrencies as they become a de-facto investment as part of a central bank's investment tranche."

He added that cryptocurrencies would be used in international trade.

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Steemit is the future??

It remains to be seen whether bitcoin will once again retrace its steps back to the all-time high established back in December 2017. While past performance is no indicator of the future, it is very likely that the entire digital currency market will recover sooner or later as it always has. Once that happens though, one can only speculate whether McAfee’s audacious price target is attainable or not.

Banking is going to change in the years to come no doubt about it. I have PayPal and square stock. To me that seems like a little safer way for me to play the crypto market. I think these companies will become banks in the future as they are both trying to now. It will be very interesting how it all plays out.

Easy money shorting EOS right now. Every coin garantee's a crash after snap easssyyyyyy lol

How high can cryptocurrency mania go? Bitcoin bull and anti-virus software pioneer John McAfee has revised his earlier prediction with a claim that bitcoin's price could hit $1 million by the end of 2020.

On July 17, 2017, McAfee made a big claim. He predicted that 1 bitcoin will be worth $5,000 by the end of 2017. Bitcoin's price hit a high of $19,303.74 on December 17, 2017 and closed the year at $12,629.81.

Using the same prediction model, McAfee previously claimed that bitcoin will hit $500,000 by the end of 2020. Since BTC prices surged much faster in 2017 than he had projected, McAfee revised his claim upward to $1 million by 2020.

Reaching 1 million dlllars per coin that seems impossible...that cant happen.i guess of the value increases more people are tempted to take their shares back in order to get profit...that eventually decreases the market cap...it is a continious process. A loop.....

That's a great news for investor and also good news for every steemians. Thank @investing for shwring this news through post.

The dude's delusional,McAfee knows if he is alive long enough to be wrong, he beat the odds, anyway. But in the mean time, he's doing his best to boost profits from his mining investment, so he can go to mars where he will be safe with his cocaine and hookers. @investing

Let’s hope McAfee is right as nobody wants to see that!!
The price would be really nice also!

this is love, crypto is future, go crypto, go digital 😍

good. you r so right about bitcoin. thank u so much for sharing... take care

Earlier this morning, CoinDesk‘s Omkar Godbole pointed out a bullish pattern on the bitcoin price chart. He noted that the cryptocurrency had been largely range-bound for more than a week, and at the time he wrote that, Bitfinex had it listed at less than $6,900. He also noted that the bitcoin price range was gradually narrowing day by day before finally stagnating for about 24 hours, and he said that could mean that a bullish breakout was on tap.

He is doing a good job giving the crypto world more public exposure. We all need to be doing the same talking to our friends and family and encouraging them to join Steemit and get involved in the exciting world of crypto. We are part of a new economic paradigm that is unfolding. Keep the faith and don't be paniced by MSM propaganda.

This is awesome news..I see your post on dtube....great post this is

If you use your Bank of America-, JP Morgan Chase- or Citigroup-issued credit card to buy cryptocurrency, then you'll have to find an alternative ASAP. According to Bloomberg, the banks have banned crypto purchase using their cards due to the virtual coins' volatile nature. BofA has already started declining credit transactions with known exchanges, though its debit cards aren't be affected by the ban. Citigroup also announced on Friday that it'll no longer process crypto purchases, while JP Morgan Chase's new rule will take effect today.

JPMorgan spokesperson Mary Jane Rogers said the bank has decided to impose a restriction on crypto purchases, because it doesn't want to deal with the risks associated with it. In addition to the difficulties of keeping an eye on purchases -- something they're required to do -- associated with crypto-coins, there's also always the risk of somebody buying more than they can afford to pay. In addition, identity thieves could use stolen credit cards to buy cryptocurrency, and banks have little chance (if any) to get that money back.

Thanks for sharing update proving crypto currency news. I like it this bitcoin dtube. I appreciate your valuable Post...........

Behind closed doors, G7 central banks are sluggish traders that buy and sell the same foreign currencies, marketable securities, special drawing rights (SDR) and gold day in and day out.

Central bank traders follow the investment policy enforced by the executive committees with specific asset allocation targets. In order of importance, the objective for foreign reserves trading generally is liquidity, security and returns .

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I would be shocked if most banks aren't already secretly long BTC, but publicly denouncing it. It's a natural hedge for them since the rise of BTC is going to leave them Rekt. By being long, they would still make money if that happens.

Blockchain should be the future. In China, we are now an ordinary farmer and we can understand it in information.

Banks and large companies. Will start to buy bitcoin and invest in bitcoin as soon as they create enough fear to push the small investors out.
Some of the larger companies like alibaba are already involved with mining and blockchain.

Thanks for this worth a follow. I enjoyed it, Keep up the good work.

banks have been against the concept of the cryptocurrency and only now they are catching up with the concept of the blockchain technology. Remember, Bitcoin brought the blockchain technology on everyone’s radar. Banks have used excuses such as higher volatility and money laundering to play down the concept of cryptocurrency, particularly Bitcoin. In the U.K., some institutions have already made headlines by not approving mortgages for those customers who have made their capital gain by investing in Bitcoin and other Altcoins. For me, the message from the banks was that they are using this as a cover by saying that the source of funds can’t be verified when in fact they have no clue how to factor that into their accounts.

Is this a new begining? I hope this works out

the cryptocurrency will revolutionize the world, excellent greetings of analysis.

I think we r in for a wild ride these next few years in crypto. Great post

1 million in 2020 i don't see that happening... Or could it...

Lol this guy admitted he sells his reputation to anyone who will buy, hes just a paid shill promoting companies for profit.

Hopefully this is the effect of the institutional investors finally beginning to pour in, https://twitter.com/iohk_charles/status/982679648432807937 .

Sir I have liked and learned alot from your youtube video.

one day banks virtualy out of this market needs to adopt this technology fastly,other wise you will be beaten badly by this people,hope it will happen,just remember the name ""nokia".

The cryptocurrency market is very unpredictable. Like the bitcoin it dips when you think it's pump and pumpsb when you think it'd dip.

The ultimate medicine is HODL

Some central banks have already started researching their own digital coins. last week, those in the United Arab Emirates and Saudi Arabia announced a partnership to issue a cryptocurrency for cross-border trade.

"Keep it Crypto"

john macfee is still a shit,but as of now i agree with him,let hope for the best.

good investasi

herro

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Bank money has been rolling in for some time now. It's a sneaking suspicion but this was probably the first big wave after smaller forays..........who knows.
Dimon and Soros are also bound to come in this year and their banker brethren trash would probably follow their lead. Not too excited about likes of them entering but in the end Market would take what it can get, right?
Hoping for the best and Happy Hodling!

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We are all going to be looking pretty good once the news gets out that the banks are in on the deal.

really crytocurrency market ,i went to invest for bicoin . thanks sir , great information .

The party already started . Get in now or lose your seat.

Looks like banks now in the FOMO state coming in from every state :D

Bitcoin needs to close above $9,200 to confirm an uptrend. The resurgence out of a falling wedge does NOT mean its a confirmed reversal. A break-out of a falling wedge can occur several times while making lower lows (while you keep adjusting the trendlines).

Basically it is not a reliable reversal pattern. Not to be a FUD spreader, but as soon as everyone starts saying the bull run is here and FOMO's, the whales will dump on you. I hope I am wrong BTW, but there is no CLEAR direction as yet!

Nice topic .............................. @investing

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nice post