John McAfee Blames Bitcoin Dip On JP Morgan

1 Mcafee

Many claimed that the Bitcoin crash was upon the world when the coin reached a low of $9,600 after previously reaching prices over $19,000. Since then, the cryptocurrency has struggled to return to over $12,000.

Some believed the crashes across all cryptocurrency were due to recent South Korean and French government announcements to place regulations on anonymous trading of crypto, while others believed that it was a part of the market correcting itself after such an increase.

Former Libertarian Party presidential candidate and software giant, John McAfee had other ideas as he felt that the dip happened because of JP Morgan Vice President Mike Bell claiming that Bitcoin was a fraud and should be banned by governments.

 

This would not McAfee’s first feud with JP Morgan as he also called out Jamie Dimon, JP Morgan CEO, for calling bitcoin a fraud and calling those who invest in it “stupid.”

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Author: Luke Henderson

Since joining the Libertarian Party in 2016 (after discovering Gary Johnson as a disaffected Bernie Sanders supporter), Luke Henderson has been active in the liberty movement through journalism, and political activism. At the beginning of 2017, Luke had his first piece of writing published by Being Libertarian and quickly became a contributor to the libertarian news site, The Libertarian Vindicator. Through the Vindicator, Luke discovered his passion for addressing critics of the philosophy and bringing together different factions of liberty lovers which compelled him to become an editor for The Libertarian Coalition, a forum dedicated to an open-minded discussion of libertarian ideas from all walks. After many guest contributions to Being Libertarian, Luke was asked to join the website as a contributor, where he writes his column Scoring For Liberty, which discusses sports, politics, and economics from a libertarian lens, and his Educator series that seeks to strengthen libertarian’s understanding of educational techniques and policy to better arguments against public education. Luke is one of the District 1 Executive Committeemen for the Missouri Libertarian party, and the founder of the Missouri Chapter of the Libertarian Positivity Caucus. Outside of politics, Luke is a paraprofessional for the Special School District of St. Louis, a musician, composer, and a loving husband and father.

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