Connect with us

Bitcoin News

4 Bitcoin Trends Likely to Dominate 2019

Published

on

Now is the time when folks usually get started assessing what the yr forward is prone to convey for more than a few subjects and industries. Bitcoin isn’t any other. Investors and fans will most likely realize a number of developments changing into outstanding. Here are 4 of them.


1. Bitcoin-Compatible ATMs Become Widely Available

Reports point out 2019 would be the yr that Bitcoin ATMs take off in towns around the United States. Chicago not too long ago were given 30 new machines, bringing town’s total to nearly 100, with Philadelphia having roughly an identical quantity.

Those ATMs are only for allotting bitcoin, however there are conventional ATMs in New York that give this foreign money to customers. Interested individuals create accounts with LibertyX, a bitcoin fee supplier. After passing the approval procedure, they can purchase as much as $3,000 value of bitcoin in line with day the usage of their debit playing cards at ATMs.

bitcoin atm

These ATMs may just inspire folks to start out the usage of bitcoin for the primary time or get started coping with the cryptocurrency extra broadly than sooner than. Individuals are familiar with the usage of ATMs to serve their monetary wishes, so it’s now not a large step for them to get bitcoins from ATMs too.

2. More Involvement From Central Banks With Bitcoin and Other Cryptocurrencies

One of the issues folks usually love about bitcoin is that they may be able to use it with no need financial institution accounts. However, in 2019, probably the most bitcoin developments that can turn into obvious is that central banks get started supporting cryptocurrencies via supplementing their gold reserves with them.

During a presentation on the first bitcoin summit in Israel, bitcoin pioneer Nick Szabo defined the reasons why he predicts extra international locations will start the usage of cryptocurrencies, particularly in puts which might be topic to excessive warfare or monetary mismanagement. He additionally believes central banks will begin to complement their gold reserves with cryptocurrencies.

Szabo defined: “There’s going to be some situations where a central bank can’t trust a foreign central bank or government with their bonds, for example. One solution that’s been developed is to have the Swiss government hold it for you – that’s not a trust-minimized solution. The Swiss government itself is subject to political pressures, and so a more trust-minimized solution is cryptocurrency.”

In 2018, Christine Lagarde, the managing director of the International Monetary Fund (IMF), additionally expressed why central banks should issue cryptocurrencies. This pattern would possibly not achieve full-scale adoption in 2019, but it surely’ll turn into glaring that central banks shouldn’t shy clear of bitcoin or the crypto business at massive.

jpmorgan

Just this week, JPMorgan announced its personal ‘cryptocurrency’ dubbed JPM Coin to much criticism.

3. A Push Toward More Bitcoin-Centric Tourism

In May 2013, somebody spent 10,000 BTC on pizza, however a newer pattern is a rise in corporations and localities encouraging vacationers to spend Bitcoins after they commute. In March 2018, Germany’s tourism board started accepting Bitcoin for its services and products.

More not too long ago, an Australian seaside the city in Central Queensland become the first digital currency-friendly tourist town.

When folks commute to other international locations, probably the most first issues they usually must do is discuss with foreign money exchanges. If this pattern continues, folks may just get rid of that necessity and commute only with Bitcoin. Doing that calls for making plans, however it will finally end up being handy for vacationers who don’t need to take care of conventional cash after they’re clear of house.

4. An Increase in Smartphones That Store Bitcoin

A take a look at the plans for long run units made via tech manufacturers signifies there’s a push for smartphones with built-in wallets that retailer bitcoin and different cryptocurrencies. In past due 2018, HTC introduced the Exodus 1, which is a blockchain-focused telephone with a pockets. People may just best purchase the telephone with cryptocurrencies.

HTC exodus 1

Rumors also are swirling that the Samsung Galaxy S10 could have a crypto software wallet by way of a trademarked invention known as the Samsung Blockchain KeyStore.

It’s too early to mention how a hit such telephones could be, however those early adopters may just spark a extra vital pattern if customers choose this solution to {hardware} wallets, as an example. Tech manufacturers watch what competition do and don’t need to wait too lengthy to provide identical merchandise if they appear viable.

[Note: This guest article was submitted by Kayla Matthews]

Do you settle? And what different developments do you notice for Bitcoin this yr?


Images courtesy of Shutterstock

Like what you learn? Give us one like or proportion it on your pals
original post…

Bitcoin News

Bitcoin Price News: BTC/USD Value Updates, Beginning of a New Bull Run That Never Died

Published

on

Bitcoin-Prices-Could-Just-Be-At-The-Beginning-of-a-New-Bull-Run

Bitcoin-Prices-Could-Just-Be-At-The-Beginning-of-a-New-Bull-Run

<span data-sheets-value="{"1":2,"2":"

Bitcoin’s price is $7,324.02 BTC/USD exchange rate today. The real-time BTC market cap of $129.7 Billion currently ranks #1 with a chart dominance at 56.35%, daily trading volume of $5.5 Billion and live coin value change of BTC -0.34 in the last 24 hours.

Live Bitcoin (BTC) Price:

1 BTC/USD =$7,324.0152 change ~ -0.34%

Coin Market Cap

$129.7 Billion

24 Hour Volume

$5.5 Billion

24 Hour VWAP

$7.35 K

24 Hour Change

$-24.6087

var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~BTC~USD");

"}” data-sheets-userformat=”{"2":14849,"3":{"1":0},"12":0,"14":[null,2,0],"15":"Open Sans","16":11}”>Bitcoin’s price is $7,324.02 BTC/USD exchange rate today. The real-time BTC market cap of $129.7 Billion currently ranks #1 with a chart dominance at 56.35%, daily trading volume of $5.5 Billion and live coin value change of BTC -0.34 in the last 24 hours.

Could We Just Be At The Beginning of a New Bull Run?

Mati Greenspan, the senior market analyst of the trading platform eToro, explained that Bitcoin could be starting a parabolic bull cycle. He said in this way during a recent conversation with Yahoo Finance.

These comments come after a very positive year for Bitcoin that started with Bitcoin close to $3,400 and it has already surpassed $8,300.

Bitcoin Could Start a Parbolic Phase

Bitcoin dropped from $20,000 in December 2017 to $3,200 a year later. However, during 2018, the industry improved and become much more developed. This shows that Bitcoin experiences similar up and down moments in the market as years pass. 2019 seems to be a good year for Bitcoin to recover its price and start growing once again.

Mati Greenspan believes that the most popular digital currency will be experiencing a new parabolic run. He explained that the bear market that the digital currency experienced in 2018 was just one of these cycles. On the matter, he commented:

“We’re just part of a larger cycle. Bitcoin has gone through several cycles before these massive bull runs, we’re talking about 10,000 to 50,000 percent gains within a short period of time and then it has these massive retracements.”

He went on saying that these market retracements can be between 80 to 90 percent and that this shows why Bitcoin fell over 82 in just a year. In general, the market moves in large cycles that are positive or negative. There are some moments in which Bitcoin operates very stable and volatility drops.

In general, every rally after a large crash or correction tends to be very positive and even larger than the previous one. At the same time, the founder and CEO of Digital Currency Group, Barry Silbert, said that sentiment and technicals look great.

He agrees with the fact that after a large price drop, Bitcoin then grows even at faster rates and reaches new highs. Silbert commented that the infrastructure this year is different than in 2017 and this is expected to help the market reach new price levels.

At the time of writing this article, Bitcoin is being traded around $7,365 and it has a market capitalization of $130 billion.

Bitcoin’s New Bull Market Shows That Bitcoin Never Died

Bitcoins-New-Bull-Market-Shows-That-Bitcoin-Never-Died

Bitcoins-New-Bull-Market-Shows-That-Bitcoin-Never-Died

During the last few weeks, Bitcoin (BTC) has experienced an important price increase. The digital currency moved from $4,000 up to $8,300 in just a month, which is very positive for the digital currency. When Bitcoin fell from $20,000 to $3,200, people claimed that the digital currency was already dead.

Bitcoin Is Not Dead

Cryptocurrency enthusiasts are very excited about the future of the most popular digital asset after the price increase that the digital currency experienced last month. Bitcoin seems to have entered a new bull market and the sentiment in the crypto space is already showing this.

Dan Held, the co-founder of Interchange and Bitcoin investor wrote a tweet in which he mocked mainstream media saying that Bitcoin was a bubble the last few years.

Bitcoin has always had cycles in which the digital currency grew exponentially and then dropped over 80%. During these price corrections, individuals that didn’t like the virtual currency and never supported it called it a bubble that was already exploding. Nonetheless, this never happened.

With the last price increase experienced by Bitcoin, the digital currency is already over 100% up its bottom in December 2018.

Blocktown Capital has also written a Tweet in which they compare Bitcoin with the Tulip Mania and the South Sea Company. While Bitcoin registered a 10,000x increase, the Tulip Mania and the South Sea Company registered 40x and 7x returns respectively.

At the same time, Bitcoin has been in the space for over 10 years and it has billions of dollars in liquidity, The Tulip Mania and the South Sea Company had low liquidity and were between three and three and a half year operative.

Although virtual currencies are expanding, they have still a lot of potential ahead. Bakkt, which is a company launched by the Intercontinental Exchange (ICE), is still waiting for approval from the United States and regulatory agencies.

At the same time, the privacy-focused web browser Brave, is still far from the most used platforms in the world. There are still many things that must be improved by Brave before reaching mass adoption.

Companies that are working with Ripple are still not using the digital asset XRP. Moreover, banks and other financial institutions are testing Ripple’s services but they are also facing a lot of hard competition.

Clearly, there are many things that the market can improve and enhance for the future. However, Bitcoin seems to be growing and expanding. The Lightning Network (LN) continues to add new nodes and channels, and new wallets are created as well.

Thus, there is a lot of money entering the space that is helping the market to grow. This doesn’t mean that there are no challenges ahead. Indeed, the market needs to face and solve many issues before being able to reach mass adoption.

Bitcoin Surge Factors: Possible Determinants and Driving Forces Fueling the Price of BTC in USD to Rise

BITCOIN-SURGE-POSSIBLE-DETERMINANTS-AND-FACTORS

BITCOIN-SURGE-POSSIBLE-DETERMINANTS-AND-FACTORS

Before the current Bitcoin (BTC) surge, there was a significant drop in its market activity. BTC seemed to hit a decline, before it began to rise in the past couple of days.

The reasons why the price of Bitcoin (BTC) rose from below 4,000 USD to over 8,000 USD in less than 3 months will be explained here.

The Aristotelian Law

The Aristotelian law or the law of cause and effect states that “for something to happen, there must be a cause”, in other words, nothing occurs by accident.

This is a blanket principle for all aspects of life, finance and investment inclusive. Now, based on the Aristotelian law, we can say there must be certain factors or determinants that caused the current surge in the price of Bitcoin (BTC).

Bitcoin Mining Reward Halving

The fact is that the price hike in Bitcoin has no specific determinant, however, cryptocurrency analysts claim that one of the reasons behind this surge might be the halving of BTC mining reward scheduled to happen in 2020.

The occasional halving of BTC reward happens after every 210 thousand BTC blocks are mined. Based on past periods of BTC mining reward halving, there is always a significant hike in prices of the asset after the halving.

A good example is the BTC surge of 2012, when is rose to $1,000 following the halving.

In 2016, after another BTC halving, there was another great surge in Bitcoin price, where BTC hit $20,000. The possibility of another similar surge has attracted a huge amount of would be BTC investors.

Bitcoin (BTC) Halving Effect on Investors

The halving of Bitcoin mining reward from 12.5 to 6.25 with the same mining power will definitely be a huge disadvantage to BTC miners, which will cause them to increase their transaction fees which will in turn cause BTC investors to seek out altcoins with lesser fees.

Per the economic theory, low reward is mostly followed by low inflation and lesser crypto inflation will cause a price surge.

This analysis has caused BTC investors to buy and hold the digital asset in anticipation of the possible spike.

Notable Points

Four things to note during this spike period are:

  1. Investors should never rule out Bitcoin. As BTC dropped few years ago, it also bounced back in 2018 and spiked again this year.
  2. Not all spikes in BTC price has effects on other altcoins.
  3. The value of Bitcoin is as a result of several factors, and government policies are still not in BTC advantage.
  4. The event of the halving of BTC mining reward can cause the rise in the price of Bitcoin.

<span data-sheets-value="{"1":2,"2":"

"}” data-sheets-userformat=”{"2":513,"3":{"1":0},"12":0}”>Today’s Bitcoin Price Analysis, Chart Forecasts and Industry News

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Bitcoin News

In Light of Flexa, Gemini and Spedn App News, Litecoin’s Charlie Lee Looks for Pay with LTC Addition

Published

on

In Light of Flexa, Gemini and Spedn App News, Litecoin's Charlie Lee Looks for Pay with LTC Addition

In Light of Flexa, Gemini and Spedn App News, Litecoin's Charlie Lee Looks for Pay with LTC Addition

Just a few years ago, cryptocurrency was a far-fetched idea regarding the replacement of the current monetary system.

However, the internet has boomed to the extent that most people are living their lives online. From online shopping to the sharing economy’s services such as requesting and paying for a cab or a hotel room to mention a few, online payments are a thing now. It’s no wonder big corporations are collaborating to embrace cryptocurrency.

A good example was the recent merger between Gemini and Flexa, which left many crypto enthusiasts elated. The two companies combined to enable the easy delivery of micro payments to merchants using digital currency.

As such, shopping at major stores such as Lowe’s and Nordstrom, and making your payment through cryptocurrency will be possible. However, all consumers will have to download the Spedn App first.

What cryptocurrency can you use?

With the app, you can make payments using Bitcoin Cash, Bitcoin, Gemini Dollar, or Ether. Litecoin missed out on the merger because the crypto giant is not among the coins the Spedn App supported. The merger between Flexa and Gemini has make online transactions using cryptocurrency easier, which contributes to the growth of digital currency and its absorption into society.

Litecoin founder Charlie Lee did not take being left out easy and reacted by tagging Flexa co-founder, Trevor Filter in a tweet. In the tweet, Lee rallied followers to unite in the push let the Spedn App allow users to make payments using Litecoin at GameStop, Whole Foods, and many other outlets.

Trevor retweeted the Litecoin founder’s message and included the message, ‘retweets don’t equal endorsements…or do they?’

Litecoin is Bitcoin’s younger brother

As the fifth biggest cryptocurrency at the moment, Litecoin might just be the next digital currency to be supported on Spedn.

Their influence in the crypto world does not go unnoticed. In a bid to make the most out of the issue, Litecoin Vice President of Nationwide Merchants Solutions sent a tweet as well. His tweet read:

‘The reason Litecoin should be added to Flexa is because #PayWithLitecoin is all about spending and supporting merchants that accept LTC!! It has nothing to do with tech, it’s about sound money, freedom, and supporting crypto adoption.’

Litecoin growing faster though

Litecoin might be under Bitcoin’s shadow but the former has tripled in price recently while the latter has only doubled. As such, being hosted by Flexa’s Spedn App means the millions of people who use Litecoin can enjoy the recent merger enabling merchants to make purchases using digital currency.

This will enable people to save money seeing credit cards slash a lot of cash during transactions. Last year alone, $90 million was spent on credit card processing fees.

Conclusion

People have already made purchases using the Spedn App and digital currencies such as GUSD, BCH, ETH, and BTC. Hopefully, LTC will join the party soon and bring along its millions of users. All crypto users with the app can make payments at selected outlets by displaying their specific code, which gets scanned to complete the transaction.

Flexa and Gemini have made it possible, now it’s up to digital currencies to educate and mobilize their users.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Bitcoin News

Arnold Schwarzenegger Falls for Snapchat but Should Investors Pile In?

Published

on

By

By CCN: Arnold Schwarzenegger, star of “The Terminator” (and nothing else lately), found himself the victim of an assault at an event in South Africa.

While attending “Arnold Classic Africa” in Johannesburg, which features a wide array of sporting events and physical activities, the 71-year-old “Last Action Hero” was filming participants when he received a flying kick to the back by an unknown assailant. The actor fell forward as the perpetrator was immediately tackled by security while yelling, “Help me!”

[embedded content] [embedded content]

“Oy, My Back!” Don’t Interrupt a Cyborg’s Snapchat with Physical Violence

Schwarzenegger was later escorted off the premises by a team of bodyguards. He thanked them for their efforts and posted to Twitter that he was okay and that he was glad the “idiot didn’t interrupt his Snapchat.” The assailant was later identified by security members as someone who has pulled similar stunts in the past. Schwarzenegger says he will not be pressing charges and that he plans to attend the rest of the event this coming Sunday. It’s probably safe to say that “he’ll be back…”

Snap’s Stock

Whether he meant to or not, Schwarzenegger gave a commercial for Snap, Inc, the company behind the messaging app. Not that Snap’s stock needed his help. SNAP shares have about doubled year-to-date and are up 7% over the last 12-month period. The company got a boost last week when Facebook reportedly decided to close its Direct messaging app on Instagram, which went head-to-head with Snapchat. Investors have been celebrating ever since.

Snap continues to operate at a loss but boasts a whopping 190 million daily active users.

Snap, Inc., Snapchat

| Source: Yahoo Finance

SnapChat’s Reputation Could Use Some Work

While the stock has been rising, SnapChat’s reputation could use some work. Schwarzenegger is all too familiar with how this feels.

Snapchat seems to create something of a hierarchy amongst friends through its use of “Snapchat Streaks,” which occur when two individuals speak or text with each other for a minimum of two straight days. Having more streaks allegedly makes younger account holders feel “more popular,” and mark a powerful kind of “social acceptance” amongst users.

It seems younger generations also do foolish things with their accounts. This includes sharing their login credentials on other social media pages and using what’s called Snap Map, which allows them to be tracked and located physically. Snap Map can dissolve one’s privacy and make users vulnerable to outside parties they’d otherwise think twice about being associated with. Snap might want to ask Facebook how privacy issues ended for them.

[embedded content] [embedded content]

Schwarzenegger lives in the public eye. He’s got an event to promote, so his use of Snapchat is understandable. For others, however, one can’t help but wonder if the social media platform presents more problems than it does power and “decent exposure.”

For investors, Snap’s stock appears to have some tailwinds for the foreseeable future now that Facebook is bowing out, which happened even before “The Terminator” star gave them a plug.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Bitcoin News

Bitcoin Bull Market Gets Everyone Hyped, Parabolic Trend Currently Present – Is It Too Soon Yet?

Published

on

Bitcoin Bull Market Gets Everyone Hyped, Parabolic Trend Currently Present - It It Too Soon Yet?

Bitcoin Bull Market Gets Everyone Hyped, Parabolic Trend Currently Present - It It Too Soon Yet?

Last weekend’s Magical Crypto Conference was and continues to be highly spoken of. One event that took place was Charlie Lee’s success in selling unique Litecoin collectibles, which has grabbed the attention of many, as reported by Bitcoin Exchange Guide (BEG).

Another interesting thing about the Magical Crypto Conference, which pokes fun at the current bull market, is the presence of an actual bull! As per Bloomberg, a real-life bovine named “Little Dude” supposedly greeted crypto fanatics. With faith in Bitcoin (BTC) either never lost or regained, many have been trying to understand what’s to come for BTC in the future.

According to the CEO of crypto exchange, eToro, Yoni Assia, “A lot of people say, “party like it’s 1999,”” which might be a reference to 2017’s ultimate and popular bull run. That year saw BTC experience a 1400% increase in prices alone, with many calling it “digital gold,” writes the news platform.

This month has treated BTC well, as its price has seen a relative spike in prices. Interestingly, the current shape of its trend is an upward trending parabola. This was noted in one of BEG’s recent posts, where crypto trader, DonAlt noted that if BTC’s prices don’t go below the 6,400 mark, then the bull market is here for stay.

bitcoin-bull-market-price-charts

bitcoin-bull-market-price-charts

News outlet U Today also reported on the presence of parabolic trends. In particular, it was noted that Chief Analyst at eToro, Mati Greenspan believes that it’s normal for BTC to experience such a move. He supposedly gave the example of BTC’s 85% drop in value as travelling down a parabola.

As per U Today, Greenspan trusts that:

“The market is at the moment about to begin a new rise, the start of which the community has witnessed recently.”

As for the recent drop in BTC, Greenspan does not seem to be concerned by it as he believes it is a natural part of growth.

Bitcoin’s Recent Value Goes Down: Crypto Bulls and Bear At Tug of War for Future BTC Prices

In a recent Bitcoin Exchange Guide (BEG) report, the reasons why Bitcoin’s (BTC) transaction fees increased were expounded upon. Of the three reasons, one that primarily stood out was that of the sell order took place on BitStamp, ultimately driving down BTC’s value to the lower end of the $6,000 ranges.

As it turns out both the crypto bulls and bears have been standing on opposite ends of the pole in terms of what’s to come for BTC’s prices reports CCN. In particular, it was noted that bulls trust BTC to reach 5-digit price levels (i.e. USD10,000), while bears trust that it will go down again before it can go back up.

CCN documented a number of tweets from known crypto fanatics and experts taking on their respective positions. Here’s an overview of what has been shared.

The first is crypto trader from Twitter, DonAlt who shared the following tweet:

To which, blockchain innovator, Vinny Lingham retweeted and shared, “I concur”. A conversation also seemed to have stirred up in the comments between Twitter user, Tom Gloor and DonAlt, where the former asked at which point or resistance level DonAlt thought the prices will go back up considering the downward trend.

In response, he said that said downward trend no longer exists and that it is “at worst sideways”.

In addition to his $10,000 claims, DonAlt also shared a graph of Bitcoin taking on an upward parabolic trend, noting that this is a sign that the bull is for here to stay given that it holds at the 6,400 mark and does not dip any further.

The next who has shared his sentiments is Tim Seymour from the CNBC Trading Desk, who has since shared that:

“You actually are above that trend line, which probably takes you up to around $6,800. You got to a 95 nine-day RSI. Even for bitcoin, that was extreme.”

Finally, we have derivatives trader and analyst, Tone Vays who has since described the event as resulting in a “beautiful short trade.” He also noted that, in his opinion, buying “along the way” isn’t the best strategy but waiting until its possible low before buying more.

As for what he predicts in terms of BTC’s value to come, here’s what he was quoted saying:

“I actually think we are going to go down and I think we are going to go sub-$6,000 on this one […] I even think we’re going to go below $5,000 as well.”

If the aforementioned is the case, this would be a great opportunity for those who’ve missed the BTC train when it was sitting at below $6,000 in most of 2018.

With all this being shared, where do you stand? Are you for crypto bulls or bears? Let us know why in the comments below.

<span data-sheets-value="{"1":2,"2":"

Bitcoin’s price is $7,284.49 BTC/USD exchange rate today. The real-time BTC market cap of $128.99 Billion currently ranks #1 with a chart dominance at 56.25%, daily trading volume of $6.05 Billion and live coin value change of BTC 2.78 in the last 24 hours.

Live Bitcoin (BTC) Price:

1 BTC/USD =$7,284.4893 change ~ 2.78%

Coin Market Cap

$128.99 Billion

24 Hour Volume

$6.05 Billion

24 Hour VWAP

$7.33 K

24 Hour Change

$202.4735

var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~BTC~USD");

"}” data-sheets-userformat=”{"2":14849,"3":{"1":0},"12":0,"14":[null,2,0],"15":"Open Sans","16":11}”>Bitcoin’s price is $7,284.49 BTC/USD exchange rate today. The real-time BTC market cap of $128.99 Billion currently ranks #1 with a chart dominance at 56.25%, daily trading volume of $6.05 Billion and live coin value change of BTC 2.78 in the last 24 hours.

<span data-sheets-value="{"1":2,"2":"

"}” data-sheets-userformat=”{"2":513,"3":{"1":0},"12":0}”>Latest Bitcoin Price Updates and Real-Time News Analysis

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Bitcoin News

John McAfee Emerges, Reportedly Says Americans Are ‘Hated Universally’

Published

on

By

By CCN: In a new interview with Newsweek, John McAfee surfaced to discuss living abroad and what he’s learned about the global perception of Americans. After recently going dark, he told Newsweek “we’re hated universally.” According to him, the reason most American tourists don’t pick up on this fact is that they’re a source of income for the people and places they visit.

America: Hated Universally

“I have traveled around the world. Everybody hates America. Do they show it? No. If you’re a tourist, you’re never going to see it. Why? If you’re a tourist you are a source of income for that country. You’re never going to see the truth. Well, I’ve lived in these countries, and I’ve seen the f***ing truth. We’re hated universally. We interfere in affairs that we do not understand for our own benefit….”

McAfee, who is wanted by the U.S. government for tax fraud, is currently running for president. The software mogul invited this attention from federal authorities when he openly flaunted his tax evasion just after the new year. Later that month, federal authorities issued an indictment. While felons are legally allowed to run for president, it’s unclear if McAfee would be able to assume the office with a standing warrant hanging over his head.

Can a Fugitive Even Run for President?

Since 2000, the Justice Department has abided by the opinion that it cannot prosecute someone in the highest office.

This past week, rumors spread on Twitter that authorities captured McAfee.

The @officialmcafee account has since dispelled these rumors:

McAfee isn’t losing sleep over his situation with U.S. authorities and has no idea what it will take for him to return home.

“I don’t have a clue. I haven’t thought about it yet. I don’t address problems until I’m ready to actually do something. First of all, get a bunch of lawyers. Secondly, come back, I don’t know.”

McAfee’s Brashness as an Asset

McAfee wants you to know that he doesn’t care what you think of him. This is unusual for someone with political aspirations but certainly not new. McAfee draws the line at what is written about him, saying:

“I’m just being me. I’m not going to change me to be untrue or rather false or restricted while I’m trying to make you be unrestricted. That makes no sense. No, we should all be unrestricted. We should all give a shit nothing about what people think or say about us. We should give a shit about what’s written about us. We give a shit about our impact on the world, if we do something, which is absolutely us. No. I could care less about that, sir. I’m not creating a brand, I’m not creating an image.”

The security mogul says he has untold numbers of people working on his campaign in the U.S. and hundreds of people working in foreign countries for him. The multi-millionaire, for all his “not giving a sh*t,” is a Twitter celebrity. He likely wields little impact beyond that for the majority of the voting public.

[embedded content] [embedded content]

Might as Well Vote for Satoshi Nakamoto

A serious proponent of Bitcoin and blockchain technologies, McAfee throws off very little actual expertise on the subject. Here is his recent assessment of Ethereum, the second-most valuable cryptocurrency and the most-used platform for smart contracts:

McAfee also seems to believe he knows the identities of Satoshi Nakamoto. He previously said he would reveal Satoshi’s true identity to prove that Craig S. Wright is lying. However, on apparent legal advice, he chose not to disclose the identity, believing that it would further complicate his problems with the U.S. government.

Raw, gifted, and eccentric, John McAfee could be the type of leader who’d sufficiently “drain the swamp” because he holds no allegiance to any part of it. Unfortunately for him, his prospects are even less likely than those of virtually all Democrats currently running campaigns.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading
Advertisement

Recent Posts

Copyright © 2019 The Crypto Report