By CCN: McAfee has warned that the Bitcoin’s rally may not smooth and consequently offered hodlers tips on how to avoid the anxieties brought up by short-term price fluctuations. According to the cryptocurrency influencer, even with the rally prices could still drop at short notice.

In such a situation, McAfee urged investors not to panic ‘under any circumstances’. Per the crypto maverick and 2020 U.S. presidential candidate, ‘short term fluctuations have no meaning. The best way to avoid experiencing the anxieties caused by the volatility is to avoid obsessively checking cryptocurrency prices. Instead, McAfee advises, ‘just check the price once every two or three months’.

Bitcoin Shoots Upwards – What’s behind the Really?

This comes amidst bitcoin shooting above $8,000 for the first time in 10 months causing excitement in the space. Since the start of the year, Bitcoin has appreciated by over 100 percent.

Bitcoin price chart | Source: Yahoo Finance

On the Google search engine, the bitcoin search term has also experienced a renewed surge in interest in the past 30 days.


Bitcoin online searches | Source: Google

Some analysts have attributed the rally to the growing acceptance by large investors. For instance, on May 13 Chicago Mercantile Exchange Bitcoin futures hit a record high of approximately 33.7 contracts. This amounted to 168,000 bitcoins which at current prices are worth over $1.3 billion.

The May Bitcoin futures record was an improvement of close to 50 percent from April when another record of 22.5 contracts was set.

Previous articleCrypto Markets See Record Day As Bitcoin Crosses $8,300: What Does This Imply?
Next Set Sights on Revolutionizing Blockchain Adoption for Business Infrastructures Scalable Dapp Development Platform