The very strange Mr McAfee just withdrew his famous $1 million dollar bitcoin prediction and now said Bitcoin is obsolete. I posted about his stupid $1 million dollar claim in January 2018 here. He wrote an incoherent op-ed that claimed bitcoin could never go into a bubble. I will repeat what I said back in 2018.
There are three components to every market top.
1- It has gone parabolic.
2- Everyone is talking about it.
3- There is mass stupidity at the top.
McAfee is the poster boy for point 3-mass stupidity.
File under: I told you so.