The popular businessman and Bitcoin fan has just announced he plans to release his own independent cryptocurrency this fall, he reported on May 29 through his official Twitter account.
According to the information contained on the website he has created especially for the coin, the "McAfee Freedom" will be launched this fall.
Apparently, the crypto enthusiast is developing a totally independent coin isolated from traditional coins, assets and exchanges.
McAfee says these are the main features of his coin:
"What is needed is a coin disconnected from fiat currencies and from other crypto currencies alike — a coin with zero cash-in value, yet accepted universally... It is not based on any commodity nor is it connected to the value or behavior of any external item or entity. The value of the coin will always be zero in relation to any other currency yet it's natural market value is free, completely, to grow."
McAfee has has hit headlines recently for several reasons. One of them is his particularly optimistic predictions regarding Bitcoin price. He has predicted that the crypto's price could reach as much as $1 million by 2020.
In addition, he announced last year his intention to run for president in the 2020 elections. He did so from a boat in international waters because he was being investigated by the country's tax authorities (IRS).
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.