McAfee tested Dimon's affirmation that bitcoin is a "fake" that will in the long run explode. 

Diggers contribute "gigantic" measures of supercomputing influence and power in making bitcoins, McAfee on CNBC's "Quick Money." 

John McAfee presents the defense for why bitcoin is made a beeline for $500K	John McAfee claims bitcoin is gone to $500K 

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John McAfee on Wednesday tested JPMorgan CEO Jamie Dimon's suspicion of bitcoin. 

Dimon on Tuesday called bitcoin a "fake" that will in the long run explode. McAfee, whose organization MGT Capital Investments mines the cryptographic money, said he regards Dimon and individuals in his position "are not morons," but rather he tested Dimon's feedback. 

"You called bitcoin a fake," McAfee told CNBC's "Quick Money" on Wednesday. "I'm a bitcoin mineworker. We make bitcoins. It costs over $1,000 per coin to make a bitcoin. What does it cost to make a U.S. dollar? Which one is the misrepresentation? Since it costs whatever the paper costs, however it costs me and different excavators over $1,000 per coin. It's called evidence of work." 

Mineworkers contribute "enormous" measures of supercomputing force and power in making bitcoins, McAfee said. Definitely at that point, there is an incentive in making a bitcoin, he included. 

Bitcoin has confronted investigation since it is profoundly unpredictable. The digital currency was last exchanging Wednesday evening at more than $3,870. 

"Also, the way that bitcoin is reliably developing in its utilization and its esteem needs to state something," McAfee said. "Beyond any doubt it will rise and fall as every single new innovation may be. In any case, in the meantime, it is absolutely not a fake." 

McAfee made an obscene wager on Twitter prior this late spring bitcoin would reach $500,000 inside three years. On Wednesday, he said individuals called bitcoin an air pocket that was blasting at a certain point, and after that it crushed their desires. In addition, the long haul pattern of bitcoin has been reliably up, McAfee included. 

McAfee is known for his spearheading McAfee Security antivirus programming items, now part of Intel, and additionally his outrageous remarks to the media and run-ins with the law. In July, McAfee settled a claim with Intel over his entitlement to utilize his name on different items. He concurred not to utilize his name, trademark his name or utilize certain expressions including his name.