John McAffee: "In 2 years Years btc will only have 25% of the Crypto MarketCap"

[cellard]

There's no competition right now. Suddenly some coin launch and takeover crypto-currency market? I don't think that's possible. While Monero stay in its own lane there's not even one altcoin that have the potential to be next Bitcoin. Almost all altcoins are scam, they can't race with Bitcoin under these circumstances.

This is why I think he is delusional. McAffee does too many drugs, he is 70 years old and looks great because he hasn't done anything other than luck out with his stupid company and then become a celebrity and get paid to do speeches and crap like that, so he hasn't worked for years.

Now he pretends like he knows shit about crypto. I can't wait to look at coinmarketcap in 2 years and see how wrong this guy was.

And again, I hope im wrong and a new coin deprecates bitcoin so I can buy a shit ton of it and get rich as hell, but it's not going to happen. We are stuck with bitcoin as number 1 and then the rest of stupid ass shitcoins except a couple of ones that are actually good, but it's already late to get in and get rich.

[pedrog]

He could be right, bitcoin develoment is slow and will not really change too much, we see altcoins coming out with new ideas all the time I think within the next two years we might just see that one alt that takes over, bitcoin will not die but would act as an investment rather than a coin for everyday use.

All speculation but it is just a matter of time until something else happens.

But he is talking about more than half the marketcap of bitcoin will move towards alts... that is ridiculous.

Again, for an altcoin to get out that much money out of bitcoin (or generate new one so high that it makes the existing btc marketcap be 25%) it would need to offer something ridiculously innovative. I dont see it happening in 2 years.

Nop, nothing has to move from bitcoin to any other place, other coins just need to become really useful and more worthy players enter the game.

Bitcoin is/was into being a currency, a means of payment, with the current roadmap from the people in charge it is more of a settlement network and even if it was still trying to be a currency it may fail as a means of payment, other coins play in fields other than pay for stuff and those systems might become really useful and widely used making it very valuable.

[topesis]

I totally agree with him, most of these Altcoins would have been in existence for like five years and I expect the trust level to increase and the marketcap to head towards $1 billion. I'm very sure by 2020, we will have more than 10 other crytpo with marketcap above $1 billion. There is so many rooms for them to grow

[Immakillya]

Thats whats FUDsters do. Spreading bullshit that will never gonna happen. Anyway, i respect his predictions about bitcoin. Anyone can create his/her own predictions. But his prediction is never realistic. In just 2 years, bitcoin marketcap will drop to 25%? Thats too fast. Anyway, whos this John McAfee?

[pedrog]

Thats whats FUDsters do. Spreading bullshit that will never gonna happen. Anyway, i respect his predictions about bitcoin. Anyone can create his/her own predictions. But his prediction is never realistic. In just 2 years, bitcoin marketcap will drop to 25%? Thats too fast. Anyway, whos this John McAfee?

He didn't said any of that...

[BitFinnese]

I see no evidence that this will take place. I think he is guessing just like the rest of us.

I guess he is.  It will need to greatly  surpass Bitcoin adoption in order to get more than half of its volume and I wonder how will this Bitcoin killer do that in just 2 years.  Though I still consider the chance of something more innovating to overcome Bitcoin Market but it will not be this next 2 years.

[sportis]

The Mc afee security products were revolutionary and antivirus one of the first products in this category. There were no people in the world involving with computing from newbies to expert users who didn't know mcafee. But in recent years there are more complete and competitive products in this area so imo several others have taken up the running. John Mcafee tries to return to the field of cyber security using a a speculation of bitcoin and smartphones without presenting any real facts or evidence. What he wants is to promote the products of his company http://www.mgtci.com/ which surprisingly are related with smartphones and asic miners internet security and that's why is doing all of these statements and speculation http://www.ibtimes.co.uk/john-mcafee-mixing-smartphones-bitcoin-will-leave-cryptocurrency-absolute-chaos-1590714. Unfortunately for him, no longer has the same prestige he had 20 years ago. So I cannot believe his predictions about bitcoin course.

[bit1]

I see no evidence that this will take place. I think he is guessing just like the rest of us.

I guess he is.  It will need to greatly  surpass Bitcoin adoption in order to get more than half of its volume and I wonder how will this Bitcoin killer do that in just 2 years.  Though I still consider the chance of something more innovating to overcome Bitcoin Market but it will not be this next 2 years.

Although it seems very unlikely it should not be taken lightly, and not even due to a period of two years,  is still possible on that time appears that "killer" application, if we remember that the majority of the source code is reusable in most cases so it would take much less time to start another new project, a couple of improvements here and there with a bit of consensus would change things in a little predicted way, this happens very frequently in the big corporations as well, I will not mention names but we have all seen cases where dominance is exercised in a specific area and suddenly another one emerges that overthrows, Does it make any sense now? 

[bitjoin]

Sounds like major specualtion by him and it could still be number 1 with 25%.  Alts continue to be born daily and they eat up some of the %.  The important thing is the price in this context anyway.

[RoommateAgreement]

i doubt that this can happen because of two things.
coins with big market cap such as ethereum can not be created every day and be a successful manipulation to keep it up.
and coins that are good enough to go to high prices have not yet happened. and i don't see any of these two change in only 2 years to take up such a big portion (75% of market cap) out of bitcoin's hands.

[vipgelsi]

Solarcoin might just do it 

[cpfreeplz]

This is a completely random guess based in bullshit FUD. Bitcoins are hovering around 80% right now back and forth between 75-85+ and he thinks it'll be 25% so quickly!? That's delusional. Even if something better came along the rate of adoption would not be 2 years.

[pooya87]

the thing about marketcap is that it has no meaning when it comes to cryptocurrencies
so yeah if bitcoin has 0.00000001% of the whole marketcap or if it has 99.9999% of it, there is no difference. bitcoin is still on top of all other cryptocurrencies with a huge landslide.

it is simply because what makes the marketcap of altcoins go up is their number of coins available. and that is just a number without much meaning. if you check ethereum and coins like ripple and doge for example you can understand what i mean. they have no real usage, and yet they have huge market cap only because they have large number of coins.

[marcoman22]

No, Bitcoin will be the dominating coin with larger percentage of marketcap.John McAffee would have come to such conclusion based on some charts showing bitcoin marketcap fallen from 95% to 80% from 2013 to 2017. Today, investment is diversified with lots of altcoins, but still, there is no such situation so that Bitcoin marketcap would be reduced to just 25% of the crypto currency marketcap.Bitcoin would still remain the unbeatable coin for atleast some years.None of the existing coins have potential to replace bitcoin.

[Xester]

This is a completely random guess based in bullshit FUD. Bitcoins are hovering around 80% right now back and forth between 75-85+ and he thinks it'll be 25% so quickly!? That's delusional. Even if something better came along the rate of adoption would not be 2 years.

Aside from being delusional its impossible to happen. It is maybe just a statement made so that bitcoin users may panic and shift to other altcoins. It is also possible that John McAffee was a stockholder of one of the alternative coins that have entered the market cap. And it is necessary for them to make bitcoin users be tempted to shift from bitcoins to their altcoin which means profit for them.

[Rockie1234]

I wouldn't dismiss his prediction immediately. Why are you saying that he is delusional? It's based on your past experiences, which show that nothing of the sort has happened with an altcoin in the past. But the key to this market is that it is unpredictable, bitcoin was completely worthless at one point, and who could have predicted it would be worth close to a $1,000 just a few years later?
If there is no major adoption of bitcoin soon, it will lose ground, but yes, McAffee's statement seems kinda unrealistic.

[Sithara007]

Maybe the bath salts addled publicity hunter has signed up for Onecoin.

LOL... that's what happened. McAfee is still bitter that he didn't purchased enough Bitcoins, when the price was low. When he took Bitcoins seriously, it was too late. Then he tried his luck with a few altcoins, but lost his investment. What a loser?

[rajasumi3]

25 % is a huge percentage and i personally dont think that  coming .there maybe a chance that the price of bitcoins would be valueless and it maybe very useless if u have a lot of bitcoins .and john mcafee may be right .we have to wait and see what happens.

[severaldetails]

McAffee had/has problems with drugs & alcohol, on that video he seems to a little confused to me.
I see no reason to trust his evaluation any better than I trust the evaluation of my neighbour (who does not know what a bitcoin is).
Of course there is a chance that a coin will become number 1 in crypto currency market.
Personally I expect it even to happen some day.
But not within two years.

[Qunenin]

I totally agree with him, most of these Altcoins would have been in existence for like five years and I expect the trust level to increase and the marketcap to head towards $1 billion. I'm very sure by 2020, we will have more than 10 other crytpo with marketcap above $1 billion. There is so many rooms for them to grow

How can anyone agree to that ?  Tell me how many population of the world uses bitcoin now. Maybe less than 25% or even more less. So when remaining 75% will start to use Bitcoins, it value will increase more and so will increase the market cap. (will not decrease).
As far as altcoins are concerned, none of them is trustworthy. Behind every altcoin is a dev who made his Alt for a short term profit.