Morgan Creek Fund CEO Mark Yusko believes now is the time to resume buying Bitcoin.He made a corresponding statement at the site of the Digital Asset 2019 summit.
He emphasized that investors should abandon Amazon shares and increase investment in the first cryptocurrency.
«We encourage institutional investors to place at least 1% of their assets in Bitcoin because it is digital gold and is even better than digital gold.»
According to the CEO of Morgan Creek, Bitcoin (BTC) is going through roughly the same development phases as Google did back in the day, before staggering growth.
Hedge fund Morgan Creek back in 1996 invested indevelopment of the Google search engine, $ 5 million and earned $ 200 million on this investment. Then many investors were afraid to invest in technology companies and as a result lost a lot.
Yusko predicts that Bitcoin technology will improve, which will make the network more productive and secure.
Note that recently co-founder of MorganCreek Anthony Pompliano talked about the growing interest in Bitcoin from institutional investors. He noted that large financial institutions are beginning to switch to BTC, as they are already realizing the gigantic potential of this asset.</p>