John McAfee, who lately bet on Bitcoin rocket rise, now explains why its rate is increasing in such an astonishing manner.
According to his latest tweet, the reason is quite obvious, as cryptocurrency is a much more advanced way of payment than fiat money:
“$15,000. Why? The cryptocurrency paradigm is accelerated. When banks do wires it takes 24 hours. A Cryptocurrency wire takes 24 seconds. Buying with a credit card can take 5 minutes of inputs. A Cryptocurrency buy takes 5 seconds. Why be surprised by 10,000% growth?”—says John.
Nicely put things into perspect, ain't it?...Resteemed! :)
Absolutely