John McAfee, an eccentric millionaire, crypto fanatic, and anti-virus professional, was lately detained in Spain on fees of U.S. tax evasion. He additionally faces fees arising from a sequence of questionable crypto promotions, from which he allegedly profited hundreds of thousands of {dollars}. Although he’s at present in a Spanish jail, it didn’t cease him from sharing a couple of of his ideas on latest developments within the crypto business. 

With regard to PayPal’s latest announcement, McAfee stated “PayPal’s acceptance of cryptocurrency indicators, I imagine, a brand new wave of cryptocurrency acceptance worldwide. Governments all over the world should get used to cryptocurrencies.”

In 2017, McAfee  boldly forecast that Bitcoin would hit $1 million inside three years, although he later took again his remark in July 2020. When requested whether or not his view of the asset class had modified within the months since, he responded affirmatively stating “Too many individuals are utilizing crypto as a approach to get wealthy fast fairly than its unique intent, which is for getting and promoting transactions.”

“We’ll see very quickly a brand new motion into utilizing cryptocurrencies as transactions fairly than as get wealthy fast schemes. That is why I developed the non-public $GHOST stablecoin.”

Though McAfee is not concerned with the Ghost cryptocurrency asset, he nonetheless stays part of the community’s broader privateness challenge.

“My work with $GHOST revolves solely round our improvement of the world’s first non-public stablecoin,” McAfee defined. “Model one might be a wrapped DAI. Later we may have a brand new steady, non-public blockchain. Holders of $GHOST will share all transaction charge earnings for the stablecoin.”

In accordance with his correspondence, which was facilitated by his spouse Mrs. Janice McAfee, he has not but been transported to the U.S., and nonetheless resides in Barcelona. “I’ve not seen the total criticism or the costs in opposition to me, however I assume they’re additionally wanting into my crypto actions,” John stated.

McAfee and his spouse have posted quite a few updates through their Twitter profiles following his arrest. John evaded the U.S. authorities for fairly a while because of the tax fees in opposition to him.