Mark Yusko, the head of Morgan Creek Capital, is confident that Bitcoin is worth investing in.
As part of an interview with CNBC representatives, Mark Yusko likened the 10-year history of BTC to Amazon. Commenting on market volatility, the head of the hedge fund said that the annual growth in the value of cryptocurrency, despite fluctuations, is a good reason to continue to buy BTC without subsequent sale. He noted that network performance is showing growth, the network itself is gaining more and more value, and the price of any asset is subject to volatility.
Yusko eventually noted that selling Bitcoin can be compared to selling Amazon shares – it’s not profitable to get rid of them. Note that over the course of 22 years, the value of the giant’s shares has grown from $ 1.73 to $ 1,800.
In August of this year, the manager of Morgan Creek Capital recommended investing from 1% to 5% of the capital precisely in Bitcoin. This will protect investor funds when global economic instability climaxes.
