Coming into our latest bitcoin news today is John McAfee’s announcement to be running for president after he posted a video tweet while running away from the law after he and his wife were indicted by the Tennessee grand jury on federal felony charges.
He said in the video:
‘’For two years I’ve been speaking at conferences around the world and writing, and making videos about the fact that cryptocurrency will at some point come head to head with governments, because when privacy coins are widely used, governments will no longer be able to collect income taxes. Meaning governments will have to shrink and find new means.’’
However, known for his exaggerating skills, there is a slight chance he is not telling the truth and he is doing this for publicity only since he has already said to be running for president and 2016 and that didn’t happen.
Being that crypto-anarchist, anti-government millionaire that he is, he made his fortune from his anti-virus software back in the 1990s and also invested in cryptocurrency. He filmed a video explaining about the tax evasion charges while being on a boat where he explained that he and his wife are charged for tax evasion.
According to McAfee, taxation is theft and he thinks that in the near future people will consider before paying them. He made clear:
‘’I will not allow that. I am running my campaign in exile on this boat for the duration. I will not allow them to imprison me and shut my voice down, which they will do immediately. Why? I am a flight risk. Obviously, I am in flight.’’
Bitcoin Investing: Over 50% Of Retirees In US Are Crypto-Aware
- I know bitcoin is, but am not interested in investing - 56.7%
- I already own some bitcoin - 2.7%
- I have no idea what bitcoin is - 32.9%
- I know bitcoin but don’t know how to invest - 3.4%
- I’m keeping an eye on it - 4.3%
“This audience represents some low-hanging fruit for the Bitcoin community to go after. Retirees are always interested in alternative assets that can help diversify their portfolio against market fluctuations.” “The IRS approving cryptocurrency IRAs is an indication that retirees are increasingly interested in including some cryptocurrencies in their retirement accounts.”For now, US retirees are active in traditional investments such as stocks, bonds and real estate - while Bitcoin investments are still on the rise. In contrast to them, millennials are far more open-minded when it comes to embracing new asset classes, as many best cryptocurrency news sites have reported. Baby boomers, on the other hand, are somewhere in the middle.
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“We’re struck by how long it took other asset bubbles to recover their peak levels (as long as 22 years for the Dow Jones Industrials) and how pedestrian the annualized returns from trough to the recovery often are.”He also went on to add that "crypto-bull contingents should consider what happens after the bubble–not every bubble that bursts recovers the old highs," saying that he believes that the current Bitcoin price analysis shows that just like other classes, BTC faces a slow and painful path to recovery. Featured on many best cryptocurrency news sites, Dennean's statement also likened the Bitcoin price "bubble" to the 1929 Dow Jones collapse, suggesting that it might take slightly more than two decades for the dominant cryptocurrency to reach its highs in the likes of $20,000.
"The argument here is that bitcoin has gone through its bubble phase and is ready to rise phoenix-like from the ashes just as other assets and indices did in the past,"In his Bitcoin price analysis, Dennean said:
"The argument here is that bitcoin has gone through its bubble phase and is ready to rise phoenix-like from the ashes just as other assets and indices did in the past."He also compared the rapid rise and fall of the Bitcoin price and warned the public:
"Maybe crypto-bull contingents should consider what happens after the bubble–not every bubble that bursts recovers the old highs."In line with the coming altcoin news which see a lot of coins as idle, the latest Bitcoin price analysis shows that there could be a possibility for a bullish run for BTC in the future - and all of this alone gives hopes to many traders and BTC price believers.
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