stock index
Morgan Creek Capital CEO Mark Yusko believes that bitcoins should be in every investor’s portfolio. He expressed this opinion in an interview with CNBC.
The founder and head of Morgan Creek said that the investment in BTC will significantly surpass the investment fund S & P 500 by results. He said about the benefits of investing in cryptocurrency :
“Bitcoin is a great diversifying asset. He has a very low correlation. It should be in everyone’s portfolio. ”
Marc Juusko also reminded about his Buffet Bet 2.0 rate – his digital asset management company, Morgan Creek Digital, raised $ 1 million to ensure that the digital asset index from January 2019 to January 2029 surpasses the stock index of the leading US public companies S & P 500.
In addition to his optimistic views on the rise in Bitcoin prices (previously, Yusko predicted $ 500,000 per coin by 2024), he drew attention to the potential of cryptocurrency as a technology that can transform the traditional banking and financial services sector.
“It will change the equation of supply and demand for banking. This is something significant. I am not at all surprised that bankers, financiers and Saudi princes are against it. This is truly a destructive technology , ”said the head of Morgan Creek Capital.
Publication date 26.05.2019
Share this material on social networks and leave your opinion in the comments below.
