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Bitcoin Is Vital to Have for Financial Institutions: Morgan Creek Capital CEO

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    Mark Yusko believes that crypto assets and Bitcoin in particular are necessary for institutional investors to embrace when speaking about Bitcoin and pension funds

Cover image via www.morgancreekcap.com
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High-end crypto investors keep promoting Bitcoin, promising high returns in the future, often mentioning that it cannot be manipulated or printed extra unlike fiat money during the recent Fed Reserve QE moves.

The head of Morgan Creek Capital fund, Mark Yusko, believes that Bitcoin is an absolute must for institutional investors to acquire. They have to is to ‘get off zero allocation to crypto and Bitcoin in particular’, as per him.

 

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Yusko supports Pompliano on Bitcoin and pension funds

Yusko tweet came as a response to an earlier statement of Anthony Pompliano from Morgan Creek Digital, in which ‘Pomp’ stated that US pension funds will be unable to conduct pension payouts to all of their customers in the future, basically hinting that they should all invest in Bitcoin, despite its volatility.

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Bitcoin to hit $16,000 in October 2019

A curious message from BitcoinTalk forum has emerged on Twitter. It offers Bitcoin price predictions until July next year.

The screen of the post says that currently, the market is bullish and that now the Bitcoin rate is going to rise, according to charts and technical analysis.

Thus, in October 2019, the author of the post expects Bitcoin to surge to $16,000. In February next year, BTC will assumingly hit $29,000 and in July 2020 - $56,000.

As per this scheme, in November next year, Bitcoin will be worth only $87.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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