During an interview with CNBC, CEO of Morgan Creek Capital’s mark Yusko said that Bitcoin should be in the portfolio of each investor. He believes investing in bitcoins in the next decade will far surpass the investment Fund S&P 500.
Bitcoin is the perfect asset for portfolio diversification. He has a very low correlation. It needs to be in the portfolio each.
Yusko has once again offered to bet Warren Buffett a million dollars. The terms of the dispute, the Foundation Digital Asset Index SPX will exceed somewhere between January 2019 and January 2029. Fund Digital Asset Index includes the ten major scriptaction, not just Bitcoin. The head of the Foundation promised to donate the winning bid to charity.
Yusko has always been set quite optimistic about Bitcoin. Once he even predicted asset price of 400 thousand dollars. In addition, he expressed confidence that the cryptocurrency will eventually undermine the capacity of the traditional banking and financial systems.
Cryptocurrencies will change the balance of supply and demand in the banking sector. It’s very cool. And I am absolutely not surprised why bankers, financiers and princes of Saudi Arabia are against them. This is really a breakthrough technology.
We will remind, not so long ago, Bitcoin has escaped from the clutches of the bears and finally break the mark of $ 8,000. At the moment the price is kept approximately at this point, despite several adjustments to the level of 7500-7600 dollars. This morning for BTC give 7981 dollar.
A message Every investor should hold bitcoins. The opinion of the CEO of Morgan Creek appeared first on crypto.by.