McAfee: The Bitcoin will rise to $ 1,000,000 - but the crypto currency Verge offers more potential

With Bitcoin, one record chases the next. However, investors should focus more on other digital currencies, advises Internet expert John McAfee.

The digital currency Bitcoin was able to record new records at the weekend. After the launch of a second futures on the digital thaler, this time on the derivatives exchange CME, the price of the cryptocurrency rose on Sunday in some trading venues over the mark of $ 20,000. On Monday, the Bitcoin listed again below this threshold, but its success story seems unbroken. Experts trust the currency even more in the coming years.

Digital expert John McAfee, whose eponymous company is best known for its anti-virus software, said earlier this summer that bitcoin would rise to $ 500,000 by the end of 2020. However, he had to cash in on this prediction a few weeks ago. The reason: The digital currency had run its course. "When I predicted that Bitcoin would reach $ 500,000 by the end of 2020, I used a model that bitcoin saw at $ 5,000 by the end of 2017," McAfee said on Twitter. As you know, this brand has long left the currency far behind. The expert also had to realize that Bitcoin had risen much faster than he had assumed. Therefore, he corrected his forecast to one million US dollars by the end of 2020, announced McAfee again at the end of November on the short message service.

Bitcoin soon worth a million dollars?
Expert: Private-oriented currencies even more successful
But despite his extremely optimistic assessment of the largest and most well-known cryptocurrency, he sees other digital tokens facing an even greater future. In his opinion, digital currencies that guarantee anonymous transactions would have the best prospects. As an example, he calls Monero, Zcash or Verge. These just could not lose, McAfee said on Twitter last week. He considers the still relatively unknown currency Verge (XVG) to be particularly promising - above all because it is still very cheap.

https://twitter.com/officialmcafee/status/941455577015836672

Verge as "best buy"
Verge is a cryptocurrency developed by a community of several thousand members, with a focus on user privacy. According to the information on the official website, transactions with Verge are not traceable because, among other things, the IP addresses involved are obscured.
According to information on the "Coin Market Cap", out of a maximum of 16.555 billion Verge, around 14.4 billion are currently in circulation. Verge ranks 31st on Monday morning in the ranking of the highest-performing digital currencies, probably thanks to John McAfee's tweets. For while the cryptocurrency bobbed before the release of its tweets at around $ 0.009, it was able to gain over the weekend to 0.087925 US dollars - a huge price jump of about 875 percent. Meanwhile, the Verge course has come back a bit, but at around $ 0.058 is still far above the level he had before McAfee's praising words.
So it looks like some investors have followed the buy recommendation of the digital expert, who also highlighted Verge as the "best buy" among the crypto currencies in another tweet. Whether McAfee has invested itself in the digital currency, is not known, but it should be assumed. Also, whether the currency actually rise in the near future to three dollars, must be seen. But the fact is: Verge should now receive much more attention and be watched more closely than it was about a week ago.