Cryptocurrency Short News

John McAfee says “Bitcoin Is Fast Becoming New World Currency”


The Bitcoin Bull, John McAfee got into a candid chat with videographer friend Robert King discussing Bitcoin. In the chat, John put forth his point of view on how Bitcoin is the new world currency. As per his statement, Fiat currency or Gold/Silver has no backing whereas Bitcoin is backed with a Proof-of-Work. He also explained details about Bitcoin Mining and why Bitcoin could replace the Fiat currency.

As we know, John Mcafee is an all-time supporter of Bitcoin. Meanwhile, he is still confident that Bitcoin will reach $1 million USD by the end of 2020.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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