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McAfee remains optimistic despite Bitcoin’s decline this week

Despite Bitcoin’s slippery slope down this week, John McAfee has expressed confidence in his $1 million trading value prediction.

Written by Becky Leighton Published on

Eccentric John McAfee has taken to Twitter to laugh (and laugh at) investors who are worried about Bitcoin’s slipping. In a recent tweet, McAfee confirmed that he is still positive about this prediction that Bitcoin will hit $1 million by the end of next year:

As it stands, McAfee’s optimism has not reached the market which is sitting at mainly red values. As shown using data from Coin360, the state of the market and daily trading volumes for Bitcoin and the leading tokens is clear:

Bitcoin price

Bitcoin price

If we had to consider the trend over the week, Bitcoin is actually showing the downtrend McAfee noted, with a negative “weekly fluctuation“. This time last week, Bitcoin price was showing $12356 while it currently has slipped to $10,477.70. This shows a % decline in weekly trading. If McAfee’s sentiments hold true, then this is simply a slip in an overall positive trajectory. If we consider the past few months, then Bitcoin is on the rise having grown from ranging around $3500 to see a spike of $12000.

Bitcoin price

Ethereum price

Like Bitcoin, Ethereum price is currently dipping in values. Showing a 3.41% dip in daily trading, the leading altcoin is following the week’s direction. Over the week, Ethereum price has dipped from a range of over $310 to see a current value of $219. Often the altcoin follows Bitcoin’s trend, so if the top cryptocurrency rises, Ethereum very likely will see its own spike too.

 

Ethereum price

Written by

Internet writer looking to find the right piece. Also presents things on radio and happens to be a chip off the old blockchain. @BeckyRLeighton

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