Mark Yusko: “The crisis of fiat currencies plays into the hands of Bitcoin”

Morgan Creek Capital CEO Mark Yusko thinks it's not worth itpay attention to short-termBitcoin fluctuations. Better focus on a long-term strategy.

"If bitcoin is falling, you should buy it to improve your financial portfolio," he stateshe.

In an interview with CNBC in the series Fast Money (“Fast Money”), he noted that Bitcoin will continue to grow during 2020.

"It has fundamentals that are constantly improving: adoption is growing, the number of wallets is increasing, as is the number of transactions," sayshe.

In general, all fundamental factors continuestrengthened, but a really interesting time will be after the next halving, which will take place in May of this year. Bitcoin emissions will be halved, which could signal a decrease in cryptocurrency sales by miners. Yusko believes that this will necessarily affect pricing.

Since the beginning of this year, Bitcoin has shown growth of more than 50%, and in the second half of the year the numbers may be even larger.

"We're going to see a lot of hype, similar to what we had in 2017," saysCEO of Morgan Creek Capital.

After halving the block mining reward atBitcoin mining, the stock-to-flow ratio will improve and will be even more profitable than gold. Yusko believes that because of this, Bitcoin will become a digital form of gold and a net repository of value.

He was asked whether such a model provides the fundamental value of bitcoin, to which he replied:

“His trump card is an opportunity to be a means of accumulation. Bitcoin is an alternative to Visa or Mastercard, and with the help of the Lightning Network, its bandwidth will become much greater. ”

Bitcoin system represents the mostThe world's most secure and powerful computer network. As a veteran of hedge funds notes, such a currency can be a safe haven that we will use to diversify our investment portfolio.

Speaking about macroeconomic factors and their impact on the digital asset, he said that lower interest rates around the world are extremely optimistic for bitcoin and contribute to bullish movement.

"In the world of central banks, bitcoin is running the show, with rates close to zero all over the world, even in the U.S. and China," sayshe.

According to Yusko, this phenomenon is associated with demographics, deflation and too high debt burdens. In modern realities, this is the only choice.

"You can't pay off the debt or reset it to zero.All of this has a positive effect on Bitcoin," he said.

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