At only $50, John McAfee explains where #Bitcoin value is derived from: User adoption Network effect Cost of mining Exiting fiat “Temporary fluctuations are meaningless” Rest in peace to a Bitcoin legend 🙏🏽

The guy knew about the hidden secrets.

Bitcoin was at $4400 around this time, not $50.

Mark Cuban was a bubble!

RIP

But BTC isn't bitcoin: How can you get user adoption with high onchain fees and broken LN? Network effect is a gift because of the brand. Exiting fiat with something you can't use? That's why BCH is Bitcoin and it has real value.

Do not forget what he said in the end "The more people use Bitcoin, the more value it creates" The usage part hasn't happened yet - what people are doing is holding instead of holding so be careful about it. 👉John had supported it with a condition so don't forget the condition.

Legend 🐐

Imagine having 100$ of it at that time

Rip a legend 😔

McAfee highlighted foundational value drivers well. The intricacies of Bitcoin's value extend into its deflationary design and the increasing institutional adoption, which further solidify its investment thesis.