In line with a recent ‘interview‘ with CNBC, the chief executive officer of Morgan Creek Capital named ‘Mark Yusko’ said that every investor should keep some quantity of Bitcoin [BTC] in their portfolio.
Yusko added that he assumes Bitcoin investments can way far exceed the S&P 500 investment fund over the upcoming 10 years.When asked about investing money into ‘BTC‘, Yusko said:
“Bitcoin is a nice diversifying asset. It has relatively low correlation. It should be in everybody’s portfolio.”
Yusko additionally recalled his $1 Mln ‘Buffet Bet 2.0’, within which Morgan Creek Digital made an open bet that its Digital Asset Index Fund would exceed the SPX from Jan. 2019 to Jan. 2029. The Digital Asset Index fund includes 10 major crypto assets – not solely Bitcoin. The proceeds of the bet would reportedly be given to charity.
Yusko has earlier also been very optimistic on Bitcoin’s, predicting a $400,000 USD hike for the crypto-currency at some period of time. Additionally to his bull prediction, he commented on its potential for disrupting the traditional standard banking and finance systems:
“This can amend the supply and demand equation for banking. It’s that big. I am unsurprised at all that bankers, financiers and Saudi Princes are coming out against it. This is indeed a very disruptive technology.”
Just within this month, Bitcoin [BTC] recently hit a peak high of over $8,000 USD. Bitcoin is presently trading at $7,898.07 USD and is trending up by 3.66% at the reporting time, in line with ‘CoinMarketCap‘.