Then, McAfee makes a bold prediction, claiming that the “future of Crypto rests with the Alt Coins.” Altcoin is a common term in the industry for any asset that isn’t Bitcoin. There are thousands of them, each with varying degrees of value according to CoinMarketCap.
McAfee’s opinion on Bitcoin is as volatile as the cryptocurrency itself. The entrepreneur had once said that Bitcoin would hit $1 million by the end of 2020, only to back off on that prediction five days into the new year, when the asset failed to do so. Today’s claim is especially strange considering that Bitcoin is currently on a bullish run, sitting at $9,300 and climbing as of this writing.
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