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McAfee continues to promote cryptocurrencies from his Spanish jail cell


John McAfee, an eccentric millionaire, crypto fanatic, and anti-virus skilled, was not too long ago detained in Spain on expenses of U.S. tax evasion. He additionally faces expenses arising from a sequence of questionable crypto promotions, from which he allegedly profited hundreds of thousands of {dollars}. Although he’s presently in a Spanish jail, it didn’t cease him from sharing just a few of his ideas on latest developments within the crypto business. 

With regard to PayPal’s latest announcement, McAfee stated “PayPal’s acceptance of cryptocurrency alerts, I consider, a brand new wave of cryptocurrency acceptance worldwide. Governments world wide should get used to cryptocurrencies.”

In 2017, McAfee  boldly forecast that Bitcoin would hit $1 million inside three years, although he later took again his remark in July 2020. When requested whether or not his view of the asset class had modified within the months since, he responded affirmatively stating “Too many individuals are utilizing crypto as a solution to get wealthy fast fairly than its unique intent, which is for purchasing and promoting transactions.”

“We are going to see very quickly a brand new motion into utilizing cryptocurrencies as transactions fairly than as get wealthy fast schemes. Because of this I developed the personal $GHOST stablecoin.”

Though McAfee is now not concerned with the Ghost cryptocurrency asset, he nonetheless stays part of the community’s broader privateness challenge.

“My work with $GHOST revolves fully round our growth of the world’s first personal stablecoin,” McAfee defined. “Model one can be a wrapped DAI. Later we can have a brand new secure, personal blockchain. Holders of $GHOST will share all transaction payment earnings for the stablecoin.”

In keeping with his correspondence, which was facilitated via his spouse Mrs. Janice McAfee, he has not but been transported to the U.S., and nonetheless resides in Barcelona. “I’ve not seen the complete criticism or the fees in opposition to me, however I assume they’re additionally wanting into my crypto actions,” John stated.

McAfee and his spouse have posted plenty of updates through their Twitter profiles following his arrest. John evaded the U.S. authorities for fairly a while as a result of tax expenses in opposition to him.

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