John McAfee, who is a prominent bitcoin proponent claimed that the slump of bitcoin is temporary and shared an optimistic statement about the bitcoin as all his previous tweets were in favor of crypto rally. According to him short term ups and downs do not matter at all because bitcoin is a long term game.
Slump below $9,500
As you know, BTC keeps its journey towards a terrible destination that upsets crypto fans and traders. It is testing below the mark of $9,500 and still, there is no recovery in the price value is recorded. It is estimated that it has lost almost $700 in the downward movement from the past couple of days. However, it is expected that it may test the support level at $9,200 and retrace back to $10,000.
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McAfee Remains Optimistic
McAfee is very optimistic about the digital gold despite its continuation in the bearish trend. All his past judgments and predictions about the digital assets are somewhat true that build the trust of traders on him and they seriously followed the tweets of John. In the past, he stated that transitory changes in the price of BTC do not count as it is a long term play.
He said in his recent tweet that one should not panic:
Bitcoin under $9,500. If you are panicking, you are a fool.
— John McAfee (@officialmcafee) August 29, 2019
While it is reported that he is working for the “Zombie project” that is going to release the cryptocurrency and McAfee is writing a white paper for them as he is declared a member of the development team.
He has currently changed his location as he is chased by the intelligence agencies and the government of America. Someone shared his location publically on Twitter that caused him to move to another “safe place”. He also claimed that he is going to participate in the next presidential election and will run his campaign from the boat.
.@theemrsmcafee and I have moved. We moved because some a*hole publicly outed our location. Janice and I have settled in to a new safe house in a new country. Weather still sucks but at least our Comm room is fully mobile and will arrive soon. We will miss Gregor’s.
— John McAfee (@officialmcafee) August 28, 2019