Investors should have at least 1% to 3% allocated to bitcoin in their portfolios, Morgan Creek Capital Management CEO Mark Yusko says.
Yusko thinks investors should have at least 1% to 3% allocated to bitcoin in their portfolios."Bitcoin is the king. It is the dominant token. It is a better form of gold," he said.is up about 159% over the past year. It had surpassed the $73,000 level earlier in March, but was trading around $70,700 Thursday evening.
"The law of large numbers comes in. I think it can go up 10x from here easily over the next decade," added Yusko. He lists bitcoin exchange-traded funds, which were launched in January, as a major bullish driver for the cryptocurrency. Yusko expects the"The big move happens post-halving," said Yusko."It starts to become more … parabolic toward the end of the year. And, historically about nine months after the halving, so sometime toward Thanksgiving, Christmas, we see the peak in price before the next bear market."Final Trades: IBIT, ULTA, LNC & PFE‘That was my angel.
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