John McAfee Defends His Own Cryptocurrency Price Predictions Advice on Twitter


Should You Listen to John McAfee's Crypto Investment Advice on Twitter?

Controversial entrepreneur John McAfee is in the limelight once again, this time defending his investments and advice. Through his Twitter account, the outspoken millionaire told his followers that a substantial amount of his wealth was amassed through investments in the cryptocurrency sector.

Precisely, he mentioned that he purchased an expensive car as well as a luxurious yacht using crypto asset profits. John further added that over the past two years, digital assets have earned him a ROI of 2400%, reiterating that he would not give up on this asset class whatsoever.

McAfee has a dotted reputation, having been heavily criticized for charging cryptocurrency startups enormous amounts of money to promote their ICOs via his Twitter account. Despite this infamousness, McAfee further irked the crypto community by showing off valuables that he has bought using crypto money.

Specifically, John attacked his critics by saying that most of his predictions are true, which is why he is one of the wealthiest people alive. He also stated that the average period for his predictions to take effect is usually 18 months, after which he changes his stance.

Last year, McAfee surprised many crypto enthusiasts by publicly declaring that the value of Bitcoin would soar to $500,000 within three years. A year after the outrageous prediction, the value of Bitcoin is still fluctuating around $7,000. Earlier this year, John predicted that by 2020, the value of Bitcoin will be at least $1 million.

The latest rant by John has taken a defensive stance. While most of Twitter users perceive John’s tweets as pure banter, some side with him. Nonetheless, most of the replies to the tweet that this post alludes to labeled the cars and yachts as liabilities rather than assets, as well as accusing him of pumping coins for personal gain. In response, John indicated that he was promoting the virtual currencies.

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