John McAfee 'Bitcoin to $500K' - sooner than I thought (2023)

Introduction

John McAfee unveiled the plans for his “first truly private smartphone” in Newsweek yesterday. He believes his device is the “most hack-proof phone” ever created. The $1,100 Android phone, called the McAfee Privacy Phone, was created through a partnership with cybersecurity firm MGT. It’ll feature physical switches that allow the user to physically disconnect the battery, antennas for Wi-Fi, Bluetooth and geolocation, the camera, and the microphone. McAfee also tells Newsweek that it’ll be able to identify and then not connect to a Stingray or any other IMSI catcher device. It also features a web search anonymizer.
john mcafee net worth
john mcafee bitcoin
john mcafee movie
john mcafee wife
john mcafee 2017
john mcafee twitter
john mcafee bitcoin quote
john mcafee sentinel
john mcafee house
john mcafee phone
john mcafee
john mcafee author
john mcafee apps
john mcafee autobiography
john mcafee android app
john mcafee siteadvisor
john mcafee bitcoin price
john mcafee brownlist
john mcafee bitcoin mining
john mcafee blockchain
john mcafee birthday
john mcafee bitcoin youtube
john mcafee coin
john mcafee company
john mcafee cell phone
john mcafee crypto
john mcafee cognizant
john mcafee documentary gringo
john mcafee documentary trailer
john mcafee dateline
john mcafee debate
john mcafee dimon
john mcafee documentary stream
john mcafee d central
john mcafee ethereum
john mcafee email
john mcafee ethereum price
john mcafee ether
john mcafee e apple
john mcafee funny
john mcafee family
john mcafee first wife
john mcafee for president 2016
john mcafee gif
john mcafee gringo stream
john mcafee how to uninstall
john mcafee height
john mcafee hardware wallet
john mcafee house ambergris caye
john mcafee india
john mcafee images
john mcafee interview bitcoin
john mcafee intel
john mcafee in romania
is john mcafee dead

Content

Our next guest doesn't believe that Bitcoin is a bubble.

In fact, he says the cryptocurrency could soar to get this $500,000 in three years.

He always controversial John, McAfee joins us.

Now, John great to speak with you the great to speak with you.

Thanks for having me on how do you? How do you get to $500,000 in three years? Let's, not worry about that let's let's worry about going online on that.

Yes, I do a people are calling Bitcoin a bubble that's bursting at keep in mind that two months ago, bitcoins to $2,900 and people were saying, it's, never going to hit three while I hit four.

And it hit five.

If you look at the long-term trend of Bitcoin, it has been consistently up I mean who cares that it dropped a thousand dollars from 5,000 after it went from the 2900 to 5,000 in two months, it's still ahead from what it was two months ago, you know, I, my company is one of the largest miners in America.

And one of the nice thing about mining is it doesn't matter? What the price of Bitcoin is, we still make money as the price goes down, there are fewer competitors for mining.

And the the difficulty rate decreases.

And we simply mined more coins.

So I know as well as anybody what the price of Bitcoin is, and it is consistently increasing.

The bubbles burst I'll.

Go ahead.

You know, Jamie Dimon was very clear yesterday that he's a big fan of the blockchain technology and most people actually who who even you know called Bitcoin overvalued, or what have you they are believers as well in the blockchain technology.

These are two separate issues.

So why is that Bitcoin necessarily has to rise to these Heights because you're a believer in blockchain as you do as you go I, don't think, I don't think that the that the Bitcoin rise has anything to do with the belief in the blockchain simply has to do with the belief in in crypto currencies, I mean, once you start using crypto currencies, this Bitcoin, no more narrow or litecoin.

It doesn't really matter you see the facility.

You see the ease-of-use you see that without a central bank control, the value of that currency depends upon the users of that currency.

And why is Bitcoin growing so fast because it's getting more users more people are believing if I do a transaction with a credit card I have to put in my name.

My head address, my credit card number the code on the back, my billing address.

Well that takes five or ten minutes for especially for someone my age, but with Bitcoin it's, 15 seconds to give me all of the address.

Here is the amount done.

Once you see the facility of cryptocurrencies.

Once you see how fast they are transacted.

Then suddenly fiat currencies credit cards, maybe it's too easy, though John, I mean, how do you I'm sure the government would like to track where this bitcoin is going? They would love to tax people on this.

And so if you use Bitcoin, you may not have that sort of paper trail.

So to speak to where people are making revenues or or earning money.

So are you concerned that government intervention in some way could actually slow this down? Well, it can't slow it down, but there will be government intervention.

Why? Because as people start using more and more crypto, currencies, things like Manero, which cannot be tracked at all when they start using these things.

Suddenly governments are going to start losing income tax revenues and they're going to panic and they're going to say this is against the law, but how do you stop something that cannot be stopped? I mean, this is not something unique to America where you can just shut it down.

I mean, I can use the tor browser or the onion browser and access Bitcoin wallets all over the world.

And no one will ever know.

The government does not have enough enforcement personnel to ever stop Bitcoin, Manero litecoin and all of the others.

So they're going to have to that face reality, find some other way to raise revenues.

This is a fact.

So John I got asked because most people know you as a cybersecurity pioneer, they know the firm that is named after you.

I image clean that time.

And now you had a very interesting life.

And actually some reports say that, you know, it was it's the insane life, john mcafee that you once lived in belize, which is true allegedly got caught up with drugs and other illegal activities.

Bitcoin has a bad rap of being used in the underground that's.

Why people want to use it because they want to conceal nefarious activity.

Do you see that potential? Do you are you concerned about that as attracting government regulation? No, not at all I mean, I'm still a security specialist and I, keep track of the dark web.

Bitcoin is very seldom used any more on the dark web.

It has been replaced by Manero as the currency of choice because Monera is absolutely anonymous cannot be tracked either sender or receiver of any transaction they're, literally invisible.

So it's, not Bitcoin itself, but crypto currencies as a general group of things that are being used on the dark river.

And that will always be the case Bitcoin used to be the one because that was the only one available but not anymore.

So so bitcoin is sort of out of the dark web and into the light, and then 99.99% of its use is legitimate.

So you know, John I, don't know, if you know about this, but you know, Jamie Dimon watches the show pretty frequently he's, probably listening to you right now me do you have any words for him as to why he he's got it wrong.

I mean, would you want to place that same bet that you made on the Internet? No I would like to say this, mr.

diamond, I, respect, you sir for your position, you know, people who rise to your position are not idiots.

However, sir, what is you you called Bitcoin a fraud I'm? A Bitcoin miner.

We create the bitcoins.

It costs over $1,000 per coin to create a Bitcoin.

What does it cost to create a US dollar, which one is the fraud because it costs whatever the paper costs.

But it costs me and other miners over a thousand dollars per coin is called proof of work.

We have put massive amounts of of supercomputer, computing, power and electricity and creating these surely there's, some value in that work that we did to create the coin.

And the fact that bitcoin is consistently growing in its use.

And in its in its value has to say something, you know, sure it will rise and fall.

And it is highly volatile as all new technologies are right.

And at the same time, it is certainly not a fraud so you're, pretty sure that you're not gonna lose this bet that you have on Twitter, no I don't ever lose bets, John, McAfee, great to speak with you.

Thank you.

You you.