Maximise your Metaverse potential, giving you daily rewards and a passive income of 0.5% daily I'm going in!

Yusko: Bitcoin is a Chaos Hedge

3 min reading
Yusko: Bitcoin is a Chaos Hedge

Mark Yusko, CEO of Morgan Creek Capital, emphatically ridicules the popular commotion about current Bitcoin markings.

Recent markings on the markets

In recent days, we have seen quite rapid changes in cryptocurrency markets. Only this week the value of Bitcoin fell by nearly 17%, and then again returned to more than 10 thousand dollars. The price of BTC has almost always been the number one everyday topic in the industry. This year's markings allow us to believe that maybe we are facing another attempt to break the record which was set at the end of 2017. Certainly, global events also have an impact on cryptocurrencies. These include the trade conflict between the USA and China, fiat currency crises in Europe, or even the nomination of Boris Johnson as Prime Minister of Great Britain.

Mark Yusko's opinion

Mark Yusko in an interview for CNBC was asked about this year's increases compared to last year. An argument was also given for the turmoil in the global economy which caused a significant drop of Bitcoin's price. The head of Morgan Creek Capital emphatically ridicules these divagations:
The whole idea of Bitcoin is it’s a store of value. It’s a chaos hedge, or schmuck insurance, as I like to call it. People who are watching the daily price of bitcoin are really missing the whole point.
According to Yusko, the key is long-term thinking, not looking for market markings every day. Bitcoin was created against the traditional financial markets. Yusko advises that whoever wants to enter this market should have a small percentage of their assets set aside in BTC in order to ensure that no crisis of fiduciary currencies will have a disastrous effect.
Currency Exchange rate Buy cryptocurrency

Maximise your Metaverse potential,
giving you daily rewards and a passive income of 0.5% daily

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.