{"id":341819,"date":"2018-08-30T13:30:57","date_gmt":"2018-08-30T13:30:57","guid":{"rendered":"https:\/\/uniquehot.com\/?p=341819"},"modified":"2018-08-30T11:11:02","modified_gmt":"2018-08-30T11:11:02","slug":"john-mcafee-interview-bitcoin-will-become-the-gold-standard","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/interview\/john-mcafee-interview-bitcoin-will-become-the-gold-standard\/","title":{"rendered":"John McAfee Interview: \u2018Bitcoin Will Become The Gold Standard\u2019"},"content":{"rendered":"

In an interview with NewsBTC, John McAfee said Bitcoin will \u201cskyrocket soon\u201d to become \u201cenormously valuable.\u201d He also criticized social media sites for failing to stand up to the SEC which he described as \u201cshadowy\u201d and claims is \u201cacting illegally.\u201d<\/p>\n

McAfee: \u201cBitcoin Will Become the Gold Standard\u201d<\/h2>\n

McAfee defended his view that the bull market is \u201caround the corner\u201d by pointing out that its price has risen 42% since June 25. He said the correction in price from $20,000 was not necessary and due to \u201cpeople misunderstanding the market and not thinking it through.\u201d He denied the possibility of another two-year decline, saying the six-month decline was \u201cagainst all odds.\u201d<\/p>\n

McAfee said he was not at all nervous that the price of Bitcoin is 57%<\/a> below schedule to reach $1 million by the end of 2020. He has a bet<\/a> to eat his manhood on live TV if it fails to reach to meet the deadline. He pointed to the 40,000 millionaires in the world and asked what would happen if each of them wanted only one of the 17 million available Bitcoin.<\/p>\n

McAfee: \u201cWe\u2019re going to have something that\u2019s enormously valuable. If you look at the number of businesses that accept Bitcoin and the number of people who are using it, it\u2019s increasing dramatically. Pure mathematics says it\u2019s got to skyrocket and skyrocket very soon.\u201d<\/p>\n

He acknowledged that Bitcoin will be replaced as the major form of payment, pointing to many users using Ethereum. However, he argued that despite its flaws as a scalable means of payment, it\u2019s about \u201cacceptance and clearly Bitcoin has been accepted.\u201d He said gold and paper bills don\u2019t have much intrinsic worth but have value because it is \u201cassumed by the people who hold it.\u201d<\/p>\n

\u201cBitcoin will become the gold standard. Bitcoin will always be that standard, that you can keep in a wallet offline somewhere and think, this is my retirement income. It is the grandfather; it will always be the best. When people were taught about cryptocurrencies, they were made to say Bitcoin instead of currencies. That\u2019s how prominent it is,\u201d he said.<\/p>\n

McAfee Wants to Remove \u201cIllegal and Shadowy\u201d SEC<\/h2>\n

McAfee told NewsBTC \u201cthe SEC needs to be replaced or simply removed.\u201d He argued it is \u201cacting illegally\u201d by claiming ICOs are securities when this contradicts a supreme court ruling in the 1950\u2019s that defined them. He said \u201cit seems like\u201d SEC chairman Jay Clayton is scared of meeting with him on air following his debate with the FBI in 2016.<\/p>\n

McAfee criticized social media companies for \u201ckowtowing to the government\u201d and \u201cacting like sub-agencies to the U.S. government.\u201d He said Google and Facebook regularly give up information about their customers to the CIA and the FBI. He said they should be \u201cbanner wavers of personal freedom and individuality and community\u201d but acknowledged that he has submitted to the same government pressure.<\/p>\n

He said: \u201cLike Facebook and Twitter, we are afraid of the SEC. We\u2019re here in America so they can serve me with a subpoena and harass me for the rest of my life. Just because the SEC is so shadowy about its attitude about ICOs and tokens they\u2019re leaning heavily against them to make ICOs securities. It\u2019s just simply too dangerous for us.\u201d<\/p>\n

McAfee has also challenged JP Morgan CEO Jamie Dimon<\/a> to debate with him. Dimon has previously called<\/a> Bitcoin a \u201cfraud\u201d but has since regretted that claim. However, McAfee argues that Bitcoin threatens the global banking infrastructure and claims the industry is trying to stop the spread of cryptocurrencies.<\/p>\n

He said: \u201cWhen Jamie Dimon says these radical things, he knows very little about cryptocurrency, all he knows is they are a risk to his business, which is banking. That, he knows very well and, as such, he has a vested interest in killing it off if possible. Although that\u2019s not possible, cryptocurrencies are like Pandora\u2019s box, that box has been opened. You are never going to stuff it back in, that\u2019s not possible.\u201d<\/p>\n

McAfee also said he would probably lose if he debated with U.S. President Donald Trump but argued that on the right topic, he may come out on top.<\/p>\n

He said: “Now that would be a fun debate, probably not, he\u2019s way too polished. He\u2019s got way too many advisers but it depends on the subjects. If it was the relative talents of Bangkok prostitutes versus Philippine prostitutes, I would win. On most subjects of importance, probably not.”<\/p>\n

Featured Image From Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"
In an interview with NewsBTC, John McAfee said Bitcoin will \u201cskyrocket soon\u201d to become \u201cenormously valuable.\u201d He also criticized social media sites for failing to stand up to the SEC which he described as \u201cshadowy\u201d and claims is \u201cacting illegally.\u201d McAfee: \u201cBitcoin Will Become the Gold Standard\u201d McAfee defended his view that the bull market is \u201caround the corner\u201d by pointing out that its price has risen 42% since June 25. He said the correction in price from $20,000 was not necessary and due to \u201cpeople misunderstanding the market and not thinking it through.\u201d He denied the possibility of another two-year decline, saying the six-month decline was \u201cagainst all odds.\u201d McAfee said he was not at all nervous that the price of Bitcoin is 57% below schedule to reach $1 million by the end of 2020. He has a bet to eat his manhood on live TV if it fails to reach to meet the deadline. He pointed to the 40,000 millionaires in the world and asked what would happen if each of them wanted only one of the 17 million available Bitcoin. McAfee: \u201cWe\u2019re going to have something that\u2019s enormously valuable. If you look at the number of businesses that accept Bitcoin and the number of people who are using it, it\u2019s increasing dramatically. Pure mathematics says it\u2019s got to skyrocket and skyrocket very soon.\u201d He acknowledged that Bitcoin will be replaced as the major form of payment, pointing to many users using Ethereum. However, he argued that despite its flaws as a scalable means of payment, it\u2019s about \u201cacceptance and clearly Bitcoin has been accepted.\u201d He said gold and paper bills don\u2019t have much intrinsic worth but have value because it is \u201cassumed by the people who hold it.\u201d \u201cBitcoin will become the gold standard. Bitcoin will always be that standard, that you can keep in a wallet offline somewhere and think, this is my retirement income. It is the grandfather; it will always be the best. When people were taught about cryptocurrencies, they were made to say Bitcoin instead of currencies. That\u2019s how prominent it is,\u201d he said. McAfee Wants to Remove \u201cIllegal and Shadowy\u201d SEC McAfee told NewsBTC \u201cthe SEC needs to be replaced or simply removed.\u201d He argued it is \u201cacting illegally\u201d by claiming ICOs are securities when this contradicts a supreme court ruling in the 1950\u2019s that defined them. He said \u201cit seems like\u201d SEC chairman Jay Clayton is scared of meeting with him on air following his debate with the FBI in 2016. McAfee criticized social media companies for \u201ckowtowing to the government\u201d and \u201cacting like sub-agencies to the U.S. government.\u201d He said Google and Facebook regularly give up information about their customers to the CIA and the FBI. He said they should be \u201cbanner wavers of personal freedom and individuality and community\u201d but acknowledged that he has submitted to the same government pressure. He said: \u201cLike Facebook and Twitter, we are afraid of the SEC. We\u2019re here in America so they can serve me with a subpoena and harass me for the rest of my life. Just because the SEC is so shadowy about its attitude about ICOs and tokens they\u2019re leaning heavily against them to make ICOs securities. It\u2019s just simply too dangerous for us.\u201d McAfee has also challenged JP Morgan CEO Jamie Dimon to debate with him. Dimon has previously called Bitcoin a \u201cfraud\u201d but has since regretted that claim. However, McAfee argues that Bitcoin threatens the global banking infrastructure and claims the industry is trying to stop the spread of cryptocurrencies. He said: \u201cWhen Jamie Dimon says these radical things, he knows very little about cryptocurrency, all he knows is they are a risk to his business, which is banking. That, he knows very well and, as such, he has a vested interest in killing it off if possible. Although that\u2019s not possible, cryptocurrencies are like Pandora\u2019s box, that box has been opened. You are never going to stuff it back in, that\u2019s not possible.\u201d McAfee also said he would probably lose if he debated with U.S. President Donald Trump but argued that on the right topic, he may come out on top. He said: “Now that would be a fun debate, probably not, he\u2019s way too polished. He\u2019s got way too many advisers but it depends on the subjects. If it was the relative talents of Bangkok prostitutes versus Philippine prostitutes, I would win. On most subjects of importance, probably not.” Featured Image From Shutterstock<\/p>\n","protected":false},"author":494,"featured_media":347890,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12262],"tags":[152,428,7730,1985,5965,2219,2557,12911,7564,3799,15689],"class_list":["post-341819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interview","tag-america","tag-bitcoin","tag-cia","tag-facebook","tag-fbi","tag-google","tag-jamie-dimon","tag-jay-clayton","tag-john-mcafee","tag-sec","tag-us-goverment"],"acf":[],"yoast_head":"\nJohn McAfee Interview: \u2018Bitcoin Will Become The Gold Standard\u2019 | NewsBTC<\/title>\n<meta name=\"description\" content=\"In an interview with NewsBTC, John McAfee said Bitcoin will \u201cskyrocket soon\u201d to become \u201cenormously valuable.\u201d He also criticized social media sites for In an interview with NewsBTC, John McAfee said Bitcoin will \u201cskyrocket soon\u201d to become \u201cenormously valuable.\u201d He also wants to remove the "shadowy" SEC.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/interview\/john-mcafee-interview-bitcoin-will-become-the-gold-standard\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"John McAfee Interview: \u2018Bitcoin Will Become The Gold Standard\u2019 | NewsBTC\" \/>\n<meta property=\"og:description\" content=\"In an interview with NewsBTC, John McAfee said Bitcoin will \u201cskyrocket soon\u201d to become \u201cenormously valuable.\u201d He also criticized social media sites for In an interview with NewsBTC, John McAfee said Bitcoin will \u201cskyrocket soon\u201d to become \u201cenormously valuable.\u201d He also wants to remove the "shadowy" SEC.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/interview\/john-mcafee-interview-bitcoin-will-become-the-gold-standard\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-30T13:30:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-08-30T11:11:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/07\/bitcoingoldstandard.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"tim copeland\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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