In an interview with CNBC Morgan Creek Capital Management CEO Mark Yusko shares that bitcoin is the best-performing asset since October of 2018 adding that the digital asset might be on its next parabolic move that would see the asset shot up to $30,000 level.
That would mean that bitcoin would increase around 722% in the next couple of years which is unheard of in other asset classes, surprising as it may seem, it is not even the most aggressive prediction out there with Bitcoin maximalist Tim Draper expecting the digital asset to reach $250,000.
It has been a common theme during slowing global economy and uncertainty in traditional financial market, bitcoin has been an attractive alternative investment for traders to mitigate risk in their portfolio.
With growing institutional adoption and proce momentum on its side, Bitcoin has been looking from both a fundamental and technical perspective.
Headlines for the world of Cryptocurrencies - July 08, 2019
- Biki.com One Of Forbes’ Top 10 Blockchain Companies In 2019
- Changes in Ether Reference Rate And Index Points To New Futures Product At CME
- Kumex Kucoin’s Bitcoin Derivative Trading Platform
- Changes in Ether Reference Rate And Index Points To New Futures Product At CME
- Deutsche Bank Retrenches 18,000 Jobs
Headlines for the world of Cryptocurrencies - July 07, 2019
- Donations For Wikileaks Reaches $46 Million in BTC
- Tron Grows To 500 Dapps And 700K Users
- Bitcoin Collectible Listed For $99,000 On eBay
- New All-Time High Bitcoin Network Usage
- Bitcoin Critic Hopes To Collect 1 Bitcoin
Headlines for the world of Cryptocurrencies - July 06, 2019
- New Canadian Crypto Exchange With Huge Referrals Rewards
- Increasing Institutional Investments Set Future Growth Of Cryptocurrencies
- SEC Searching For Blockchain Data Provider To Monitor Risk
- Traveling To 10 Countries Using Only Cryptocurrency
- Dogecoin Now Listed In Binance
