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- John McAfee has recently acknowledged the cryptocurrency Monero(XMR) to be the widely used crypto. He alongside put down the crypto king, Bitcoin, asserting that nobody accepts it any longer.
- He raised a query through his tweet as to why all cryptocurrencies tied to Bitcoin virtually.
- McAfee pointed out that BTC is not the king even if crypto users trade it the most.
John McAfee has recently acknowledged the cryptocurrency, Monero (XMR), to be the widely used coin. He alongside put down the crypto king, Bitcoin, asserting that nobody accepts it any longer. McAfee is the founder of the crypto exchange McafeeDex. He has also founded the software enterprise McAfee Associates.
McAfee is well-known for his interest in the Bitcoin cryptocurrency. He has remained a prominent Bitcoin advocate who earlier predicted BTC would knock $1 million by 2020 end. But since recent times, it appears through his confessions like he is no more a fan of the king crypto.
When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD
— John McAfee (@officialmcafee) November 29, 2017
John McAfee: Nobody Accepts Bitcoin Any Longer
His assertion came to light through his tweet on May 1. He raised a query as to why all cryptocurrencies tie to Bitcoin virtually in terms of price value.
Does anyone else see the insanity of virtually all of crypto being tied to the value of Bitcoin?
Why for example, should Monero, whose value is its Privacy, be tied in any way to a coin that has ZERO privacy — Bitcoin?
— John McAfee (@officialmcafee) May 1, 2020
Furthermore, he, in particular, questioned why Monero tied to a cryptocurrency like Bitcoin that stands at Zero in terms of privacy. He further cited Monero (XMR) as ideal crypto when it comes to privacy. Monero (XMR) was launched in the year 2014 with the idea to enhance high security and to make it untraceable.
Right now it's Monero – the most widely used ("used", not "traded") crypto in the World.
— John McAfee (@officialmcafee) May 1, 2020
Landing into controversies through his statements is nothing new for this computer scientist. McAfee’s assertion about BTC attracts quick responses from Bitcoin enthusiasts. .
#btc is king. It shouldn’t be that way of course, but it’s what we have right now. So I’m rooting for it
— Resign Gary 🏴☠️🪝 (@pmeneses1) May 1, 2020
One of the Twitter users that BTC is the king. Further stating that it’s the reality, although it must not be that way.
It is not King. It's the most widely "traded" coin.
The most widely "used" coin is Monero.
If you doubt that check vendors on the Dark Web.
No-one accepts Bitcoin anymore.
— John McAfee (@officialmcafee) May 1, 2020
Making a comeback to this tweet, McAfee says BTC is not the king though it is the most widely traded coin. He also pointed out that nobody is willing to accept BTC anymore. Finally, asserting that the crypto everybody uses more widely is Monero.
