Cryptocurrency

John McAfee Says Using Fiat Currencies is “Slavery”; Says Government Fears Cryptocurrencies

John McAfee is one strong-headed critic of the governments and never holds back his words while lashing them. Though he is on the run, as several US agencies are after him, McAfee keeps posting tweets and video messages on Twitter, to keep his followers updated, or lash heavy criticism on the government.

In one such video posted on Monday, McAfee spoke to his followers how being dependent on fiat currencies or government-controlled currencies is nothing short of slavery. He pointed out that the US government and others fear cryptocurrencies, as they have the potential to end their dominance and control over common people’s life. While this seems to be a bold claim, it is evident from the recent decisions governments all over the world have taken, that they are against cryptocurrencies.

McAfee also pointed out at India’s recent criminalization of holding, buying, selling, or paying with digital currencies. He interestingly further added,

What is the Holy Grail of Dictatorship? To know absolutely everything about the populous, the people, especially their financial dealings. What is cryptocurrency? It is an escape from that. Privacy coins and distributed exchanges give us the freedom to free ourselves from financial oppression and control from our governments. This is the truth. This is why I’m in hiding.

John McAfee has been a long-time supporter and promoter for cryptocurrencies and blockchain technology. He recently announced that he has joined the advisory board of Middle East based enterprise blockchain solutions provider Burency.

In the video, McAfee also criticized the global income tax system. He stated that income tax, according to the US Constitution, is a theft. Interestingly, one of the major crimes McAfee is accused of is tax evasion in the US and is wanted by the tax authorities. Meanwhile, though economists worldwide have hinted at another global recession, Bitcoin has been moving between $9,500 – $10,500 mark for the past few months, which is almost three times of what it was at the beginning of this year.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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