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John McAfee has made a bold state regarding bitcoin, claiming that each unit will be worth $500,000 in three years time.

As a cybersecurity and software pioneer, McAfee is a name known inside and outside of the digital currency space. Last year the former programmer for NASA stated that he got involved with the digital currency because it will eventually become ‘the standard for the world.’

Now, though, in what may have been a marketing tactic designed to grab the community’s attention, McAfee took to social media to predict what he thinks bitcoin’s worth will be in three years time.

BitcoinHe then went so far as to predict that the currency could even reach as much as $2.6 million in the same time frame.

Bitcoin

His comments no doubt may have left many baffled, but of course that may not have been his only motive for making such a bold claim. Those following his Twitter feed will have noticed that shortly after making the prediction on bitcoin’s future price, he then proceeded to promote a new token, called simply, the McAfee Coin (MCF).

What is the MCF?

With the promise of ‘turning investing upside down and inside out,’ the MCF, which will have its own ICO token sale, claims to be designed to fund tech startups.

Through the McAfee Crowdchain Accelerator, which is based in China, it aims to get startups off the ground quickly ‘by utilizing the best from numerous industries.’

The website states that:

Bringing your passion, your knowledge, your insight and your coding skills, let’s fundamentally change how investment decisions are made.

It adds:

We think hackers are most productive when they can spend most of their time hacking. Our goal is to create an environment where you can focus exclusively on getting an initial version built. Selected group of graduates of the Accelerate programs will receive more funding from our own investment funds and other institutional investors around the world.

No doubt there will be much interest in McAfee’s latest venture as it continues to develop and once the ICO starts.

Featured image from Flickr.

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Posted by Rebecca Campbell

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