John McAfee, the important cryptocurrency figure, thinks that the next bull run will be as strong as the ‘eruption of Krakatoa.’ On July the 17th, Bitcoin registered one of the most important spikes from this year after moving from $6,700 to $7,400 in just a few minutes.
John McAfee Ready for the Next Bull Run
Mr. McAfee never stops talking about the future of the crypto market and how he thinks it will evolve. This time, he said that the bull market is coming and that it will be like the explosion of a Volcano.
In a tweet uploaded on July the 17th he wrote:
“Bitcoin – $1,000increase in one week. Is this the bull market? I have no clue. 10 such increases in succession and I will consider it Bull. In the meantime, know this: The Bull Market IS coming. And when it does, it will make the eruption of Krakatoa seem like a Meerkat’s burp.”
John McAfee has over 800,000 followers in Twitter and is one of the always present figures in the cryptocurrency market. He is always giving advices about which ICOs to invest in or which projects are worth taking a look at.
Bitcoin – $1,000 increase in one week. Is this the bull market? I have no clue. 10 such increases in succession and I will consider it Bull. In the meantime, know this: The Bull Market IS coming. And when it does, it will make the eruption of Krakatoa seem like a Meerkat's burp.
— John McAfee (@officialmcafee) July 18, 2018
Since Bitcoin grew $1,000 dollars in just a few hours, we cannot deny that there is a strong positive feeling that the bear market, started in December 2018 for this famous virtual currency, may have touched a bottom.
But this is not the first time that he gives very positive comments on cryptocurrencies or bitcoin. In the past he said that Bitcoin was going to reach $1 million dollars by the end of 2020, which is a very bullish statement.
Other important figures in the crypto world have commented on the latest movement experienced by the market. Thomas Lee, for example, said that there were some signals in technical analysis that combined with good news propelled the cryptocurrency market to levels not seen since the beginning of the last month.
Currently, Bitcoin is being traded around $7,400 and has a market capitalization of $127 billion dollars.