John McAfee Advices Bitcoin Panic Sellers to Keep Calm, Talks Crypto Winter to Fresh Spring Time
These may be the most important words that John McAfee has uttered in regards to crypto during these hard times. He gave out the advice in a tweet a short while ago. McAfee said people were panicking but there was no need for that. He went on to say the crypto world was in a bear market. However, he was 73 and had seen this happen many other times in other markets. For him, a bear market was like winter and it always precedes a glorious spring.
John McAfee Is Bullish
In the current market conditions, McAfee’s statement is more bullish than any other he has made in the recent past. It is easy to make predictions when the market is bullish. Only a few can express positive sentiment and calm when there is a bear market. This only happens if they have true faith in the potential of crypto and the promise it holds for the future.
In McAfee’s opinion, all markets are cyclic and after each bear, there is always a bull run. He believes that bears are essential for a market correction. The result is that it leads to a stable and healthy growth of the market.
The Cause Of The Crash
McAfee also shared his opinion on what caused the market crash. He believes the main reason might be confusion, uncertainty, and fear. John emphasized that those who sold at a low price did so due to lack of knowledge on the potential that crypto hold and its expanding user base. The fear was due to institutions that have created unenforceable measures.
John made a final tweet in which he said that he was not alone in the positive sentiment. He said that almost all major players in crypto were sure the market had a future. McAfee concluded that bearish forces were not eternal and they always burn out. He said that forces pushing crypto down were only for a time and they would dissipate.
While the market is in a bear run the crypto world and blockchain world continues to grow. The three major crypto coins are undergoing development that will lead to the growth of the user base. As a result, it will lead to their increased market valuation and adoption by the masses.
For instance, the Lightning Network by BTC is growing steadily. By next year, it is expected that it will be implemented for the masses. Charlie Lee of LTC is so sure of this that he made a major bet against Roger Ver.
In another development, Ripple released xRapid and continues to grow their user base. Their products are being adopted by major banks globally. The growth has been so much that their XRP token has exceeded ETH in market capitalization.
Ethereum is not being left behind either. They are making major changes that will lead to better security and speed. In fact, Vitalik Buterin announced they were about to drop Ethereum 2.0 in the near future.