After promoting a McAfee coin, creating a declaration of (crypto)currency independence, and releasing a video indicating that there was a “war” between fiat currency institutions and regular civilians, one could be forgiven for believing that John McAfee had created enough controversy for a whole year. However, less than a week after releasing his video about a war on cryptocurrencies, it appears that McAfee is now considering a run for President in 2020. McAfee made his announcement on the 4th of June via Twitter. Becoming the US President will provide the ultimate platform to promote cryptocurrency:
“In spite of past refusals, I have decided to again run for POTUS in 2020. If asked again by the Libertarian party, I will run with them. If not, I will create my own party. I believe this will best serve the crypto community by providing the ultimate campaign platform for us.”
In a comment underneath the thread, he stated that he could make “currency independence” a phrase on the lips of every American during his presidential run. McAfee has become perhaps the foremost proponent of cryptocurrencies, and he currently has over 830,000 followers on Twitter. He has a firm belief in cryptocurrencies as a means of creating a more equitable environment for citizens of the globe, viewed mainly as oppressed by established financial powers. The rhetoric from the declaration of currency independence is likely to stir nationalistic tendencies in citizens due to the wording used and the similarities to the 1776 U.S. Declaration of Independence.
McAfee is a libertarian and is a supporter of free trade, marijuana legalization, and a noninterventionist foreign policy. The former IT security expert has recently been very vocal in support for cryptocurrency as a means of fairer finance. He has recently tweeted that the McAfee Redemption Unit (MRU-the McAfee coin) is not a hoax and will be live by the end of June. The MRU is to be a physical piece of paper like the dollar but serialized and redeemable on the blockchain. The MRU is essentially a publicity stunt, as it can be redeemed for a one-minute meeting with John McAfee.
Parallels can be drawn to Donald Trump, viewed as a joke candidate for the 2016 presidential election. McAfee is also active with controversial statements on Twitter and issues other polarizing content in general, and cryptocurrencies have an enormous, growing user base that future candidates can no longer ignore. A presidential candidate that is anti-cryptocurrency will find it very difficult to secure a position. The declaration of currency independence, the video, and the MRU were most likely strategic precursors to his announcement to run for President in 2020. Whoever runs in the 2020 presidential election will need to give serious consideration to cryptocurrency policy to gain popularity with the public.
Digital Nomad with an interest in Zen and Blockchain technology.
Law graduate with 3 years experience as a consultant in the capital markets industry and 4 years experience freelancing on UpWork as a Creative Writer.