Morgan Creek CEO Predicts Bitcoin Will Outperform US Stocks

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    Morgan Creek CEO Mark Yusko has recently weighed in the ongoing economic fallout that was triggered by rising interest rates and the escalating US-China trade relations

Cover image via U.Today

Morgan Creek CEO Mark Yusko has recently weighed in on the ongoing economic fallout that was triggered by rising interest rates and the escalating US-China trade relations. During CNBC’s “Power Lunch”, Yusko stated that he prefers Bitcoin (BTC) to stocks, and voiced a bold prediction that the flagship cryptocurrency could overtake the stock market in a couple of years.

However, Bitcoin, which is widely considered to be a “safe haven” asset, also replicated the bearish sentiment of the broader markets, plunging by six percent. According to Yusko, there is a large portion of Bitcoin holders who jumped on the bandwagon in December, and one should consider putting money into Bitcoin while “these weak hands are folding.”

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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