Bitcoin’s [BTC] current performance shows that it is a great diversifying asset, says Morgan Creek’s CIO

2019-5-23 16:00

The phenomenal rise in Bitcoin’s [BTC] price has excited the cryptocurrency market, with many speculating that the end of the prolonged bear market is near. Many proponents in the cryptocurrency space have also voiced their opinion about how positive fluctuations in the world of digital assets have actually enabled them to outperform the best of the S&P market.

In a recent interview on CNBC’s Fast Money, Mark Yusko, Chief Investment Officer at Morgan Creek Digital Capital, spoke about the rippling effects of the cryptocurrency market and the implications of Bitcoin’s current run. Brian Kelly, CNBC’s famous Bitcoin bull, further added that he hoped people would put their money on Bitcoin. To this, Yusko replied,

“Morgan Creek had launched the cryptocurrency challenge back in December and there were not many takers. In a way that was good because BTC is up by more than a 100 percent right now, which is a much better hit rate than that of the S&P market. We will see that in the next 10 years, Bitcoin will outstrip even its current performance and maybe even more.”

Morgan Creek’s CIO further opined that BTC is a great diversifying asset and that it should be in everybody’s cryptocurrency portfolio. He added that at the end of 2018, many analysts thought that 2019 would be the year when BTC would see a lot of bear bounces. However, the world’s largest cryptocurrency managed to beat expectations. Another argument that he laid out for BTC’s longevity was the predicted credit crisis in 2020, a market shift that is expected to cripple mainstream banking systems.

Despite the coin’s present performance, the ‘king coin’ was hit with some negative news recently after the latest Binance research report hinted at ‘disruption with trading pairs,’ as BTC pairs lost 38.9 percent of its market share. The research stated that out of all the trading pairs, USDT saw the largest net inflow, with a total increase slightly below $1 billion.

The post Bitcoin’s [BTC] current performance shows that it is a great diversifying asset, says Morgan Creek’s CIO appeared first on AMBCrypto.

origin »

Bitcoin (BTC) на Currencies.ru

$ 85815.74 (-0.10%)
Объем 24H $67.429b
Изменеия 24h: 7.76 %, 7d: -11.06 %
Cегодня L: $83809.54 - H: $86208.7
Капитализация $1701.782b Rank 1
Цена в час новости $ 7724.16 (1011%)

bitcoin btc current performance market many shows

Источник: ambcrypto.com

bitcoin btc → Результатов: 126


Bitcoin Market Dominance Faces a Challenge as This AI Altcoin is Set for 22,000% Gains

Many were left stunned after seeing Bitcoin (BTC) achieve milestone upon milestone but witnessing altcoins like Ethereum (ETH), Ripple (XRP), and Cardano (ADA) fail to pump by a meaningful amount. Now, after three straight months of Bitcoin (BTC) dominance, it seems the altcoin market is ready to push back with a major inflow of investments [...]

2025-2-12 02:00


MicroStrategy Strikes Again: $100 Million Bitcoin Purchase Signals Strong Market Confidence

MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC. The company, led by chairman and co-founder Michael Saylor, has committed to utilizing perpetual preferred stock, common shares, and debt to fuel its ongoing Bitcoin purchasing strategy.

2025-1-7 06:00


Фото:

El Salvador now holds 6,000 BTC: can Bitcoin success story sustain?

El Salvador, the pioneering nation that made Bitcoin legal tender in 2021, has surpassed 6,000 BTC in its treasury, valued at $561.3 million as of the latest update. This milestone represents not only a strategic accumulation effort but also a bold economic experiment under President Nayib Bukele’s leadership. With a 105% unrealised return on its […]

2024-12-30 09:51


Фото:

El Salvador rings in Christmas 2024 with a Bitcoin twist

El Salvador continues to showcase its unwavering commitment to Bitcoin, doubling down on its cryptocurrency strategy despite stringent restrictions imposed by the International Monetary Fund (IMF). On 19 December 2024, the country purchased an additional 11 Bitcoin (BTC), valued at over $1 million, pushing its total reserves to nearly 6,000 BTC. This comes on the […]

2024-12-24 17:26


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

All about Ethereum's yearly low - Is a drop below $2,000 next?

Ethereum's price has fallen by 8.99% over the last 24 hours, with the same hitting a yearly low Altcoin's fundamentals hinted at a potential dip below $2,000  Ethereum bears overwhelm whaleThe post All about Ethereum's yearly low - Is a drop below $2,000 next? appeared first on AMBCrypto.

Ethereum falls below $2,200: Assessing ETH's odds of recovery

Ethereum dropped 22% despite Eric Trump's endorsement and increasing whale activity. Whale buying spiked as large investors positioned themselves in the face of a downtrend. On the 4th of FeThe post Ethereum falls below $2,200: Assessing ETH's odds of recovery appeared first on AMBCrypto.

MetaMask Unveils New Roadmap: Bitcoin, SOL DeFi Support & Gas Fee Removal

Key Takeaways: MetaMask is expanding beyond Ethereum, integrating Bitcoin and Solana blockchains. The wallet aims to eliminate gas fees, making crypto transactions more user-friendly. Enhanced security features and a revamped The post MetaMask Unveils New Roadmap: Bitcoin, SOL DeFi Support & Gas Fee Removal appeared first on CryptoNinjas.