Head of Morgan Creek: every investor should have Bitcoin in his portfolio
The head of the cryptocurrency investment company Morgan Creek Capital, Mark Yusko said that Bitcoin is "a great asset" that should be in the portfolio of every competent investor.
Yusko also stressed that in 10 years, Bitcoin significantly outperformed any funds based on traditional assets.
"Bitcoin is a great diversifying asset. It has very low correlation. It should be in everybody's portfolio,"he said in an interview with CNBC.
Yusko also recalled a $ 1 million bet that Morgan Creek Digital offered to enter into. The company is betting that the return on cryptocurrency assets will exceed the yield on the S & P 500 for the period from January 2019 to January 2029.
The head of Morgan Creek believes that Bitcoin is only at the beginning of its path and will grow in the future. At the end of 2017, Yusko suggested that the price of Bitcoin would reach $ 400,000, and a year later, he said that the first cryptocurrency would grow 20 times.