BET ON BITCOIN?

MORGAN CREEK CAPITAL CEO Mark Yusko ADVISE TO BUY BITCOIN

PRICE OF BITCOIN DOES NOT MATTER

During a conversation about price reduction of the main cryptocurrency bitcoin below $8500 in the CNBC broadcast “Fast Money” interrupted Mark Yusko, director of Morgan Creek Capital Fund, the leading Melissa Lee with the word: “BUY”

He added that it is still better to buy bitcoin even if Bitcoin price falls up to $5,000.

Mark Yusko noted that the value of bitcoin rises every year if you ignore the periodic devaluation of the exchange rate. Network indicators indicate a price growth trend: Number of wallets supported, transaction time, hash rate. Therefore, there was not a single period in which Bitcoin should be sold.

Interesting in the category: Bitcoin, as a decentralized payment system
The director of the Morgan Creek Capital fund compared the position of the main cryptocurrency with Amazon. He believes that the shares of the company do not need to be sold either – this is not profitable.

Bitcoin’s popularity as a payment method is increasing. In 25,000 French shops, visitors will pay for purchases with the main cryptocurrency. Such institutions include Sephora, Decathlon, Maisons du Monde and other shops in the country.