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John McAfee, American entrepreneur and vocal Cryptocurrency advocate has launched a decentralized exchange (DEX) running on the Ethereum (ETH) blockchain.

McAfeeDEX is set to run in a beta release status as of Oct. 7th today, according to the new platform’s official website and John McAfee’s Twitter personal feed.

McAfee tweeted, “The McAfee Distributed Dex beta version is coming 10/7. Play with it. It takes time for enough users to join to make it real, but if you play, and be patient, you will see it’s the door that frees us from Government’s cornerstone of control: Fiat currencies. It can’t be shut down.”

In other Bitcoin news today:

BTC and the entire Crypto market is pumping as most all the major cryptocurrencies are in the green.

Are Altcoins ready to explode?!

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

News Resources From Today’s Show:

The McAfee Distributed Dex beta version is coming 10/7. Play with it. It takes time for enough users to join to make it real, but if you play, and be patient, you will see it’s the door that frees us from Government’s cornerstone of control: Fiat currencies. It can’t be shut down pic.twitter.com/W3XCExspQT

— John McAfee (@officialmcafee) October 5, 2019

https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta

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With the Crypto community awaiting the next Bitcoin price all-time high, Blockroots CEO, Josh Rager, warns that they might be disappointed if they expect BTC to hit $100k or more.

Bitcoin (BTC) has been a hot topic ever since it started a massive bull run in late 2017, which led the coin to its all-time high (ATH) at $20,000.

As everyone knows by now, Bitcoin saw a massive drop after that, eventually reaching only $3,200 as its lowest point in the last three years.

After the bearish 2018, the following year started showing signs of recovery, taking the BTC price almost to $14k by June 22, 2019.

BTC (Bitcoin) then saw another drop, nearly cutting its price in half.

However, the beginning of 2020 brought another surge that returned investors’ hope that this might be the year when BTC finally exceeds all previous milestones and goes as high up as to $100k, or more.

While this is a popular opinion, Blockroots’ CEO, Josh Rager, disagrees with it. Rager recently made his expectations known on Twitter, admitting that it may be an ‘unpopular opinion,’ but he sees it as more realistic.

In his recent tweet, he stated that Bitcoin’s next price peak will likely not be as high as people expect it to be.

Despite the fact that numerous analysts have proposed prices from $100k to $300k — and some even suggested $1 million.

Rager, on the other hand, claims that the simple rate of return shows the bottom to peak return reduces by 20% per cycle.

With that in mind, he expects that Bitcoin’s next price ATH will only be between $75k and $80k.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

$BTC Unpopular Opinion:The next Bitcoin peak high will not be as high as most people thinkLots of analysis out there point from $100k to $300k to $1MSimple rate of return will show you bottom to peak return reduces by around 20% each cycle

IMO, next high hits $75k to $85k pic.twitter.com/EoWZqcWfbe

— Josh Rager 📈 (@Josh_Rager) January 17, 2020

Next Bitcoin Price ATH to Fall in the $75k-$85k Range

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Widely followed on-chain analyst Willy Woo predicts Bitcoin will ‘go nuts’ in the coming months as long-term holders continue to accumulate the leading cryptocurrency (BTC).

“This is a macrocycle thing. You would have seen it at the 2015, 2014 bottom. You saw it at the 2019 bottom, and actually, you saw it over the 2020 where we came back down. There was the Covid crisis. There was Michael Saylor scooping up all the coins, and that was another peak of long-term holders accumulating. We’re moving into a peak, and we will be at the peak at current rates by next month. 

That means peak accumulation. Peak accumulation means, that’s defining this kind of sideways band and then after that, we do a run-up.

The last run-up was $10,000 to $60,000 starting from October last year. The run-up before that was from $4,000 to $14,000 over a matter of months. So if October we start to peak… we’re starting to look into November onwards to go. That’s when the run-up happens. All the coins are being scooped up by these long-term guys… Just the structure of the market is like, “This thing is going to go nuts.’”

In other trending Bitcoin News today: Bitcoin in a Supercycle? Analyst Will Clemente Says Long-Term BTC Holders Changing Market Structure!

“If I had to use one chart to argue that we are in a ‘Supercycle’ it would be this. Macro HODLing (hold on for dear life) behavior has shifted after March of last year. Makes a convincing case for the end of the 4-year cycle.”

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

https://cointelegraph.com/news/remarkable-on-chain-metrics-could-spell-bitcoin-ethereum-bull-market-return-new-report

https://cointelegraph.com/news/bitcoin-price-sinks-to-46-7k-despite-record-accumulation-and-supply-shock-events