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

  • Yuri Molchan
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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

Bitcoin Is Vital to Have for Financial Institutions: Morgan Creek Capital CEO
Cover image via www.morgancreekcap.com
Contents

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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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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