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

[Yakamoto]

That's an incredibly ballsy statement coming from a guy like McAffee. He isn't that much of a figure within the community and he isn't saying anything specific, just "in two years it will be a lot smaller than it is right now"

I'm reading into this as he's going to hype something and promise it to be the so-called Bitcoin Killer, which will likely fall on its face after people realize it is weak. He just wants to prop it up for now.

[1714784038]

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[BrewMaster]

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.

yes but also from the fact that we do not see any good altcoin projects alive at the moment, there are many half dead, half ass projects and there are lots of dead ones.
unless a Satoshi Nakamoto 2.0 comes out in 2017 i don't see a new good coin being created.

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?

it wasn't really hard to predict price of bitcoin will rise up a lot when it was 1 cent.
you know what bitcoin offers its users right?

If there is no major adoption of bitcoin soon, it will lose ground, but yes, McAffee's statement seems kinda unrealistic.

what grounds? bitcoin has a certain level of adoption, even if it doesn't grow it will still have this much adoption. and unless you can see 1/10000th of that adoption in any other altcoin i wouldn't worry about any grounds!

[Loganota]

What matters in his speech is not the number (25%) but what he is trying to say. He is saying that Bitcoin will lose much of its hegemony in the world of cryptocurrency. I do not think this is true and I did not quite understand the motivations that lead him to think this way, but on both sides it's all just a kick, there's a lot that can happen in 2 years with Bitcoin (good or bad) .

[Sithara007]

Behind every altcoin is a dev who made his Alt for a short term profit.

Like it or not. This is the truth. From the very first altcoins onward (Litecoin, Terracoin.etc) to the most recent ones (Trumpcoin, ShadowCash, Stellar Lumens.etc), all the altcoins were designed by developers who intended to profit out of it. On the other hand, Satoshi never encashed any of his coins.

[bitjoin]

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.

Only way i see it happening in 2 years would be a country or 2 creating their own crypto and somehow it counts as a decentralized version where worldwide folk are just as welcome to adopt it.

[Denker]

McAffee knows nothing!
That's just pure wild guessing.
Nobody here knows what the ecosystem in 2 years will look like.
If he really should be that much convinced his prediction coming true I would like to see him making some serious bet on that outcome.I'm sure he won't do it!

[sakinaka]

This is just a rough statement, without any fact backing what he is saying. There is a few reasons for me to think that what he is saying will not happen :

Still no competitor to this day : to this day, after 8 years of existance for Bitcoin, that was not a single competitor that got just one tenth of the total market cap. In two years, with to now no great project ahead, I doubt the theory of a mighty crypto-currency surpassing Bitcoin will make its dominance sink. Ethereum was the most credible opportunity and to this day they have failed to nearly everything they have promised.

The theory of a great number of good coins : this theory would be that there would be a great surge of good crypto-currencies, totalising each at least a marketcap 50 000 000$. Again, considering that nothing moves and stay at its current rate, for Bitcoin to have only 25% of total marketcap left, we would need not less than 890 of those crypto-currencies. Definitely impossible.

Bitcoin plunging : of course if Bitcoin plunged to comically low levels, its global dominance would be affected, since its marketcap would be much more lower. But, given that this has a little probability to happen, I do not think that we can take this way of how things could go seriously. Even though if we did so, Bitcoin falling to the ground would be too nefast for the whole crypto-economy, and all the altcoins would be driven in its path. The total marketcap would be much more less, and I doubt that any altcoin would survive.

In brief, this is just a way to get cheap coins as many will say here !

[Invester]

This is just a rough statement, without any fact backing what he is saying. There is a few reasons for me to think that what he is saying will not happen :

Still no competitor to this day : to this day, after 8 years of existance for Bitcoin, that was not a single competitor that got just one tenth of the total market cap. In two years, with to now no great project ahead, I doubt the theory of a mighty crypto-currency surpassing Bitcoin will make its dominance sink. Ethereum was the most credible opportunity and to this day they have failed to nearly everything they have promised.

The theory of a great number of good coins : this theory would be that there would be a great surge of good crypto-currencies, totalising each at least a marketcap 50 000 000$. Again, considering that nothing moves and stay at its current rate, for Bitcoin to have only 25% of total marketcap left, we would need not less than 890 of those crypto-currencies. Definitely impossible.

Bitcoin plunging : of course if Bitcoin plunged to comically low levels, its global dominance would be affected, since its marketcap would be much more lower. But, given that this has a little probability to happen, I do not think that we can take this way of how things could go seriously. Even though if we did so, Bitcoin falling to the ground would be too nefast for the whole crypto-economy, and all the altcoins would be driven in its path. The total marketcap would be much more less, and I doubt that any altcoin would survive.

In brief, this is just a way to get cheap coins as many will say here !

This is exactly correct. I mean bitcoin might be down to 25% of the crypto market but it is very difficult to expect it in 2 years. I say past 2020 some more promising coins might rise.

[joebrook]

That's his opinion, Its not like he is a seer to actually know whats going to happen in the near future.

[maku]

I heard that Craig Wright - a supposed person behind Satoshi alias will be the face behind some new altcoin. Maybe John McAffee will do the same next?
After all creation of altcoin, IPO/ICO is proved to be the best way to gain money fast, furthermore when backed with well known name promoting it, ICO creators might gather tremendous amount of money.

[beerlover]

That's his opinion, Its not like he is a seer to actually know whats going to happen in the near future.

We never can predict how the future of the bitcoin will be and how the price is going to change according to the economic environment or the government are going to deal with it, we can only hold bitcoin for as long as it is at a high price and as long as we are not banned from using it.