Mark Yusko, founder, and CEO of Morgan Creek Capital Management has had a recent interview with CNBC. If you wish to watch the full video, check out the link given below:
— CNBC’s Fast Money (@CNBCFastMoney) July 8, 2019
Well, he seems to be pretty accurate about the growing financial crisis. And this is spreading across borders, as governments lose power over currencies and the people.
“We’re definitely going to revisit old highs”, stated Yusko, who is also a partner at Morgan Creek Digital. According to Mark, “the next parabolic move” has begun which will take BTC “into the $30,000 level before we get another little correction”.
Mark spoke of how bitcoin has been a crucial investment and digital asset. As adoption grows and more corporations start accepting crypto, BTC will keep climbing even higher.
For now, the price of BTC is $12,395.49. A few hours back, BTC had reached beyond $12,600 and resistance was observed. This led to the surge percentage falling to 4.43% according to the latest data.
The trading volume recorded is $28.177 billion. The total market capitalization for Bitcoin stands at $220.741 billion. The supply has 17,808,200 BTC tokens involved.
Tim Draper is a billionaire who had said that BTC will head to $250,000 in future years.
Investor Fortress is buying claims of Mt. Gox creditors for $900 per Bitcoin. 850,000 BTC were stolen as a result of a hack around 5 years back. At that time, Mt. Gox was the largest exchange in the market.
Traders and HODLers around the world suffered due to this huge issue. Jed McCaleb is currently facing a lawsuit from a few traders who had employed the services of Mt. Gox.
Jed is the Chief Technology Officer at Stellar Lumens. He is considered to be one of the richest in the field of cryptocurrency.