"The United States Government Has No Control Over Bitcoin" - John McAfee
"The United States Government Has No Control Over Bitcoin"
According to veteran entrepreneur and popular cryptocurrency commentator John McAfee, that is because the U.S. has been putting pressure on Bitcoin. He remains unfazed and maintains that the price will climb back up in a week.
Just a few days after being released from confinement, John McAfee is back in charge of his Twitter account and is weighing in on Bitcoin.
Bitcoin’s price has been swinging lately with more red than green, and McAfee believes that pressure from the U.S. has been responsible for that.
McAfee is, as always, confident in his belief that the U.S. doesn’t have the power to control cryptocurrencies. He also thinks that Bitcoin’s bull run will resume one week from now.
In 2019 we saw Bitcoin’s price approach $14,000 as the bulls were in control. Since then, however, the cryptocurrency has been sliding down steadily. After a few days of swinging around the critical support at $10,000, the price plunged by $700 in about 10 minutes. $9,400 was a significant support level which the price has managed to stay above so far.
While a segment of the crypto community supports the idea that Bitcoin’s fall has been strongly related to pressure from the US, McAfee’s prediction for the next week is a glimmer of hope for the bulls.
At the time of this writing, Bitcoin is trading at around $9,500 and possesses a market cap of about $169 billion. It’s also worth noting that Bitcoin’s dominance rate has decreased by about 1 percent, indicating that altcoins have managed to regain some relative strength.
Follow To Stay Up-To-Date with the Latest Crytocurrency News
Source
Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam.
Spam is discouraged by the community, and may result in action from the cheetah bot.
More information and tips on sharing content.
If you believe this comment is in error, please contact us in #disputes on Discord
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://allnewz.info/2019/07/28/the-us-has-no-control-over-bitcoin-btc-price-will-surge-in-a-week/
Congratulations @thecryptograph! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPVote for @Steemitboard as a witness to get one more award and increased upvotes!