27/09/19 23:00 UTC-4

Morgan Creek Capital CEO advises buying Bitcoin

CryptocurrencyMorgan Creek Capital CEO recommends acquiring BTC
Morgan Creek Capital CEO recommends acquiring BTC

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.


See also: "Traders about Bitcoin: a good time to buy"

#Bitcoin #ratedrop #cryptocurrency #MorganCreekCapital #Amazon

Editor: Daria Mukhina


12/10/19 04:20 UTC-4

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