John McAfee says “Bitcoin Is Fast Becoming New World Currency”
The Bitcoin Bull, John McAfee got into a candid chat with videographer friend Robert King discussing Bitcoin. In the chat, John put forth his point of view on how Bitcoin is the new world currency. As per his statement, Fiat currency or Gold/Silver has no backing whereas Bitcoin is backed with a Proof-of-Work. He also explained details about Bitcoin Mining and why Bitcoin could replace the Fiat currency.