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Bitcoin to Zero Is Now off the Table, Says Morgan Creek CEO Mark Yusko
Summary: The co-founder of cryptocurrency hedge fund Morgan Creek Digital, Mark Yusko, says that the idea of Bitcoin going to zero is no longer within the realm of possibility. Yusko said, "Zero is off the table. We’ve reached the network effect critical mass where this technology is here to stay. There are a lot of things ...
The co-founder of cryptocurrency hedge fund Morgan Creek Digital, Mark Yusko, says that the idea of Bitcoin going to zero is no longer within the realm of possibility.
Yusko said, "Zero is off the table. We’ve reached the network effect critical mass where this technology is here to stay. There are a lot of things it’s going to do beyond just the gold store of value use case… We’re taking a tradfi (traditional finance) world and an analog world that went to electronic and centralized finance, now we’re going to move to truly digital and a decentralized world which is just far superior."
Yusko adds that on-chain fundamentals point to Bitcoin’s staying power. As for his price target for Bitcoin, Yusko believes that BTC is far superior to gold and it can potentially consume the yellow metal’s market share en route to becoming the undisputed store-of-value asset.
By Amy Liu
Tags: Bitcoin,Mark Yusko,Morgan Creek
Link: Bitcoin to Zero Is Now off the Table, Says Morgan Creek CEO Mark Yusko [Copy]
