The cryptocurrency market has seen possibly the worst crash in the history of the industry. The top cryptocurrency Bitcoin has been on a free fall in the last few days and all the other top cryptocurrencies have followed suit. This has created a lot of panics especially for investors and there is tension as it is not certain how low the market will fall.
“People have panicked. But there’s no fucking need. We’re in a bear market. They suck, yes, and not like a hooker with no teeth. But I’m 73 and have seen this dozens of times in many markets. Bear markets are like Winter. It’s always followed by a glorious Spring. Fucking relax.”
However, he is still optimistic that his 2020 prediction will come to pass. Therefore it is not surprising that he still sees a bright future for the asset despite the current enduring fall. McAfee’s post has generated comments from many Twitter users most of which saw it as a relief. A user by the name of Radoslav wrote:
So far Bitcoin has lost more than 70% of its value this year and many other crypto assets have lost varying proportions of their values as well. There is, however, no sign of recovery in sight as the price seems to be declining by the second.
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