Lower interest rates of banks will provide a rise in the price of bitcoin

According to Morgan Creek CEO Mark Yusko, now is the time to take advantage of the drop in valueBitcoin and acquire this asset. The businessman expressed this point of view on CNBC.

Yusko again stated that it is necessary at every convenientopportunities to buy BTC, which has gigantic potential. Now is the best time to purchase a coin, since after its recent rise there has been a pullback.

According to the founder and CEOMorgan Creek Capital Management hedge fund by Mark Yusko, interest rates around the world tend to zero, and this is beneficial for bitcoin. He also noted that the recent fall in prices should not bother investors and should focus on buying cryptocurrencies in recessions.

Zero interest rates will favor Bitcoin

Yusko expressed his opinion in an interview with CNBC, where hecommented on the cryptocurrency market, and in particular bitcoin. He firmly believes that the largest digital asset will continue to increase its value in the future.

The expert noted that in the global financial market interest rates tend to zero, and this is good for the world's leading cryptocurrency.

“This is very optimistic. In the world of central bank fraudsters, bitcoin is king. Interest rates around the world tend to zero. This is due to demographics, deflation, and too much debt. You cannot repay the debt. You cannot default on debt, so you must increase it by depreciating the currency. "Central banks are going to print new money, and this is very optimistic for bitcoin."

He added:

“The leading cryptocurrency is your escape from financial ruin.”

In addition to talking about the impact of central banks onBitcoin, Yusko also touched on the dynamics of the price of a digital asset. In particular, he commented on yesterday's drop in the price of BTC by $ 1,000. Investors should not pay too much attention to such leaps. However, it is these reductions that can be a great buying opportunity:

“If today it fell by 5%, buy it now. Buy tomorrow, buy every day - accumulate. Fundamental factors on the side of Bitcoin: acceptance is growing, the number of wallets has increased, the number of transactions has increased many times ”

Yusko also added that Bitcoin is "the most secure computer network in the world." This makes it an “ideal repository of value.”

Recall, the famous trader Peter Brandt suggested that the price of XRP could drop sharply in the near future.

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