Bet on Bitcoin for Better Returns Than US Stocks, Insists Wall Street Veteran

On CNBC’s Fast Money, Morgan Creek Digital founder and CEO Mark Yusko, said that bitcoin makes a great diversifying asset in a stocks portfolio and that every investor should invest in the dominant cryptocurrency.

Since January, in less than six months, the bitcoin price has risen by more than 100 percent year-to-date, outperforming every major stocks index such as the S&P 500.

In December 2018, on CNBC, Yusko offered a $1 million bet to any investor or institution willing to take it on the long-term performance of bitcoin over the next ten years.

Yusko said that no investor took the bet, indicating that investors have become more cautious in providing reckless predictions about bitcoin potentially losing all of its value over the long run.

Reference: https://www.ccn.com/hedge-fund-every-stock-investor-should-hold-bitcoin

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Author: Neo Anderson

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