John Mcafee, the anti-virus entrepreneur has always been one of the most famous people associated with Crypto. Last year he was making several outlandish predictions about the price of Bitcoin which included thoughts that the price would reach $1 million by the end of the year.
His association with crypto was often ridiculed by many in the market who believed that Mcafee’s comments were almost always based on Hopium rather than any hard data.
Mcafee is currently in a lot of hot water and he claims that his support of DOGE represents some of the new charges brought against him by the United States Department of Justice.
On Sunday Mcafee pointed out that DOGE was one of several cryptocurrencies that he endorsed as part of his “coin of the day”. These sets of tweets go back 4 years ago.
“For a few days in 2017 I chose coins I believed had value,” McAfee stated regarding his choice of cryptocurrencies.
On Twitter, the famous entrepreneur noted that the price of Dogecoin has increased 1000% since his endorsement of the coin. He believes charges in relation to DOGE should be dropped from the pump and dump accusations that continue to be made against him. McAfee also emphasized that Dogecoin is “now being touted years later” by Tesla CEO Elon Musk.
The regulator wrote in a new action: “The defendants allegedly used McAfee’s Twitter account to publish messages to hundreds of thousands of his Twitter followers touting various cryptocurrencies through false and misleading statements to conceal their true, self-interested motives.”
Mcafee has openly admitted to having a whole team of people working on crypto for him, with some of his tweets costing as much as $105k for a promo of their coin.