John McAfee’s cyber-security firm MGT Capital Investments, Inc. (NYSE MKT: MGT) today announced the appointment of Bitcoin pioneer Erik Voorhees to its Cryptocurrency Advisory Board, barely a day after it inducted Roger Ver as the Chairman of this board.
Following the appointment of two leading Bitcoin entrepreneurs to the board, the market is pushing the stock higher. At the time of writing this report, the ticker was trending higher by 5.91 percent to $2.51.
The stock had recently touched a 52-week high of $5.58 when fears of overvaluation ran supreme and coerced the traders to book profits.
Erik Voorhees is the founder and CEO of the bitcoin exchange ShapeShift.io, while Roger Ver has actively helped seed numerous businesses using bitcoin as a payment method. Roger Ver is famously known as the “Bitcoin Jesus”.
The Cryptocurrency Advisory Board was formed to ensure that the company provides the most state-of-the-art products to its customers.
On the appointment of Erik Voorhees, John McAfee, proposed executive chairman and CEO of MGT Capital Investments said,
The appointment of Erik Voorhees to our Cryptocurrency Advisory Board is Roger Ver’s first act as Board Chairman. I am extremely pleased with this addition to our growing advisory team. Eric is one of the most prolific innovators in the field of cryptocurrency. In addition to his outstanding business experience within the field, he is renowned as a technical innovator. Erik will be a great asset to MGT as we move forward.
Cryptocurrencies Are Here To Stay: John McAfee
Earlier, John had given his vote of confidence to the cryptocurrencies saying that they are here to stay but run the huge risk of the rising cyber threats. He said that these risks could create financial chaos as the cryptocurrencies are widely adopted.
The company will soon change its name to John McAfee Global Technologies, Inc.