Morgan Creek Capital hedge-fund CEO Mark Yusko on CNBC's "Fast Money" show, said Bitcoin needed to be bought. All network indicators indicate the growth of the main cryptocurrency, the director noted.
Bitcoin value does not matter
During a conversation about lowering the price of the main cryptocurrency below $8500 on the CNBC show "Quick Money", Morgan Creek Capital fund CEO Mark Yusko interrupted the leading Melissa Lee with the phrase: "Buy!" He added that even if Bitcoin drops to $5000, it is still better to buy cryptocurrency.
Mark Yusko noted that ignoring the periodic depreciation of the exchange rate, the value of the main cryptocurrency still rises every year. Network indicators indicate a price growth trend: the number of supported wallets, transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details time, hashrate. Therefore, there was not a single period that would come up to sell Bitcoin.
Interesting in the section: Bitcoin, as a decentralized payment system
The CEO of the Morgan Creek Capital fund compared the position of the main cryptocurrency with Amazon. He believes that the shares of the company also do not need to be sold – this is not profitable.
- The popularity of Bitcoin as a payment method is growing. So, in 25,000 French stores, visitors will pay for purchases with the main cryptocurrency. Among such institutions are Sephora, Decatlon, Maisons du Monde and other stores of the country.