The infamous John McAfee is up to his usual antics in the cryptoverse. With the creation of the McAfee Crypto Team. The cryptocurrency promotional team is looking to monetize on the John McAfee’s Twitter following and influence in the crypto world.
John McAfee is a well known British-American businessman and computer programmer who founded the the software company McAfee and Associates. His firm created the first commercial antivirus software and eventually an entire suite of enterprise security software under the McAfee brand.
His Twitter feed features tons of Tweets about crypto exchanges, altcoins, Bitcoin predictions and overall promotional and marketing material. The issue is that until now, he has not publicly mentioned his affiliation with these ‘pump’ tweets and whether he was getting paid to Tweet positive news about certain coins. This has resulted in millions of dollars flowing into specific cryptocurrencies, which could be considered short term ‘pumps, just solely based on his influence and reach into the crypto world.
He is well known for shilling, promoting, and making obscure cryptocurrency predictions, McAfee has had significant influence in the past promoting or discussing specific coins on Twitter. Some have gone on to see massive short term gains.
A prime example would be SAFEX, which spiked 92% hours after McAfee’s tweet back in December 2017. Also in late December, McAfee promoted BURST, which went on to see a 350% gain.
The website is not conservative by any means. It is heavily egocentric and looks to be just another way for McAfee to monetize his social influence. The site makes no mention of vetting an ICO or blockchain project for fakes or potential scams prior to social media promotions. The team also heavily focuses on McAfee’s social media reach to justify the $105,000 as a relatively cheap marketing expense compared to other alternatives.
The website states a poll was conducted where 50,000 McAfee followers contributed data based on their cryptocurrency investments. The findings are presented below and also published on his new promotional website.
“737,000 of his followers buy or sell cryptocurrencies at least once a month. 154,000 buy or sell cryptocurrencies daily
380,000 have more than 25% of their total assets stored in cryptocurrencies. 259,000 have more than 50% of their total assets in cryptocurrencies
518,000 have more than $3,000 already invested in cryptocurrencies. 224,000 have over $20,000 invested in cryptocurrencies. This last group alone represents, at a minimum, $4.48 billion in crypto investments”
John McAfee is not the only tech-based social influencer in the cryptoverse, but someone with such a significant reach and influence should do more for the crypto community. Creating a company to promote coins, market ICOs, and just shill blockchain projects which can afford his social media services is not what someone in his position should be doing, based on how the crypto markets have been doing recently. As a believer and a figure head, McAfee could do a lot more with his social influence than milking it for all it’s worth.