Bitcoin [BTC] will outperform the S&P market in a decade, says Morgan Creek Digital Capital CEO
The bear’s attack on the cryptocurrency market has left a lot of companies and investors reeling, an event that also caused a lot of coins to break their price support. Although the current scenario has dissuaded new entrants, Mark Yusko, the Chief Executive Officer of Morgan Creek Digital Capital, has put his faith in the growth of Bitcoin [BTC] and the cryptocurrency market as a whole.
Speaking to CNBC, the finance bigwig stated that right now real interest rates and its benefits are close to zero. Yusko spoke about 14% of the established institutions and companies that cannot pay off their debs of the last five years and such “zombie companies” need to go away. The statement was his segway into how Bitcoin can be used to rid off the problems retained by the S&P market.
The CEO added that he believes Bitcoin can outperform S & P markets over the next decade. According to Yusko, investors who do not want to invest in traditional commodities should partake in Bitcoin. He even…
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