---
title: "John McAfee: Bitcoin - Old, clunky, no security .... Is the true Shitcoin | ICOLINK"
description: "The shocking American businessman John McAfee, who was recently waiting for a $ 1 million Bitcoin exchange rate, changed his mind and now calls the first cryptocurrency shitcoin.More recently, McAfee said that he would cut off and eat his penis if, by the beginning of 2020, the Bitcoin exchange ra"
url: "https://icolink.com/ico-news/john-mcafee-bitcoin-is-the-true-shitcoin.html"
markdown_url: "https://icolink.com/ico-news/john-mcafee-bitcoin-is-the-true-shitcoin.html.md"
date: "2026-06-29T23:16:35+00:00"
language: "en-GB"
---

# John McAfee: Bitcoin - Old, clunky, no security .... Is the true Shitcoin

> The shocking American businessman John McAfee, who was recently waiting for a $ 1 million Bitcoin exchange rate, changed his mind and now calls the first cryptocurrency shitcoin.More recently, McAfee said that he would cut off and eat his penis if, by the beginning of 2020, the Bitcoin exchange ra

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Thursday, 30 January 2020

The shocking American businessman John McAfee, who was recently waiting for a $ 1 million Bitcoin exchange rate, changed his mind and now calls the first cryptocurrency "shitcoin".

More recently, McAfee said that he would cut off and eat his penis if, by the beginning of 2020, the Bitcoin exchange rate did not reach $ 1 million. It seems that McAfee quickly went over to the camp of "cryptosceptics" - or, rather, "altcoin worshipers".

> **"Whichever Bitcoin Maximalist came up with the term "Shitcoin" for all other coins; Was brilliant. But we all know that the future of Crypto rests with the Alt Coins. Bitcoin - Old, clunky, no security, no smart contracts, no DAPs .... Is the true Shitcoin,"**
>
> McAfee wrote on Twitter.

Of course, such a statement caused a great response in the hearts of cryptocurrency enthusiasts. However, most of the answers were in a humorous tone - users sent pictures and animations to McAfee, mocking his opinion. It seems that no one takes the founder of the antivirus company McAfee seriously.

At the beginning of the year, McAfee said that, of course, he was not going to cut off and have his own penis, and he made all his statements only in order to attract public attention. Even then, he emphasized that Bitcoin is an "ancient technology".

[SOURCE](https://twitter.com/officialmcafee/status/1222389224902668288)

> Whichever Bitcoin Maximalist came up with the term "Shitcoin" for all other coins;
>
> Was brilliant.
>
> But we all know that the future of Crypto rests with the Alt Coins.
>
> Bitcoin -
>
> Old, clunky, no security, no smart contracts, no DAPs ....
>
> Is the true Shitcoin.
>
> — John McAfee (@officialmcafee) [January 29, 2020](https://twitter.com/officialmcafee/status/1222389224902668288?ref_src=twsrc%5Etfw)

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