In its recent tweet, a British-American computer programmer and founder of the software company McAfee Associates, John McAfee said, that crypto community shouldn’t be worry about the current bearish crypto market since it happens “dozens of times in many markets.”
People have panicked. But there's no fucking need. We're in a bear market. They suck, yes, and not like a hooker with no teeth. But I'm 73 and have seen this dozens of times in many markets. Bear markets are like Winter. It's always followed by a glorious Spring. Fucking relax.
— John McAfee (@officialmcafee) November 20, 2018
At the time of writing, the whole crypto market is still in red, after bitcoin cash (BCH) hardfork that led to split of BHC into two separate networks — bitcoin ABC and bitcoin SV. Despite the fact that hardfork went well, the majority of investors decided not to hurry up and wait, so in the absence of demand for digital assets, the market continued to fall in price.
In addition, McAfee says that the key reason for market decline is confusion.
“Confusion.The embarrassment of public brawlings. Fear from institutions who took absurdly unenforceable measures to allay their fears,” says McAfee.
John McAfee is known not only due to of the same name antivirus, but also as one of the bitcoin hyper-supporters. Previously, he even said he would eat his “organ” if bitcoin (BTC) doesn’t reach $1 million by the end of 2020.
It seems that McAfee is strongly believe that crypto market will eventually boom since he do his best to promote digital currency adoption. Previously, he partnered with blockchain-based art gallery emarket Maecenas in order to digitalize and tokenize works of Pablo Ruiz Picasso.
Earlier, McAfee even shared his plan to run for president of the United States in the 2020 election. He highlighted that the presidential campaign would be a prime opportunity to promote bitcoin and cryptocurrencies to the masses.
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