{"id":120623,"date":"2021-04-09T19:34:12","date_gmt":"2021-04-09T19:34:12","guid":{"rendered":"https:\/\/precoinnews.com\/?p=120623"},"modified":"2021-04-09T19:34:12","modified_gmt":"2021-04-09T19:34:12","slug":"mark-yusko-all-companies-need-to-consider-btc","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/mark-yusko-all-companies-need-to-consider-btc\/","title":{"rendered":"Mark Yusko: All Companies Need to Consider BTC"},"content":{"rendered":"

Mark Yusko \u2013 the founder and chief executive officer of Morgan Creek Capital Management \u2013 feels that bitcoin has become large enough and strong enough in recent days\u00a0that it can no longer be ignored\u00a0by investors or companies.<\/p>\n

Mark Yusko: We Can’t Ignore Bitcoin<\/h2>\n

In a recent interview, he comments:<\/p>\n

\n

We really believe that we\u2019ll look back five years from now and it will be deemed fiduciarily imprudent to have zero exposure to digital assets.<\/p>\n<\/blockquote>\n

As it stands, many companies \u2013 some of which are quite large \u2013 have already begun to invest hundreds of millions to billions of dollars in the world\u2019s largest digital currency by market cap. Both electric car company\u00a0Tesla\u00a0and software firm\u00a0MicroStrategy\u00a0are enterprises that have invested quite a bit of money in the asset, while other institutions \u2013 such as\u00a0Square,\u00a0Massachusetts Mutual\u00a0and\u00a0Stone Ridge\u00a0\u2013 also own large stakes in the cryptocurrency.<\/p>\n

But while all this may seem solid at first, the truth is that many companies have not taken the step forward into crypto territory, claiming that they are either examining virtual currencies a little more or that they are only beginning to dabble in them. While Yusko feels that the day will come when many companies\u00a0do<\/i>\u00a0invest in crypto, they have been relatively slow to join the game.<\/p>\n

He also thinks that regulators have been slow to examine these currencies as legitimate money, though for the most part, they are beginning to open doors up and consider crypto-based products for the future. When it comes to a bitcoin ETF, for example, Yusko states:<\/p>\n

\n

Our view on the ETF is it is going to happen. We have invested in one of the asset management groups that has an application on file.<\/p>\n<\/blockquote>\n

The total valuation of the cryptocurrency market now exceeds $2 trillion, and bitcoin is at the forefront of the space. Yusko further mentions:<\/p>\n

\n

You can\u2019t ignore it anymore. I really think we are at an inflection point.<\/p>\n<\/blockquote>\n

He also says that many cryptocurrencies are trying desperately to fight their way up the financial ladder. To do this, they must compete and battle for space, which Yusko thinks is going to push crypto deeper into mainstream territory. He comments:<\/p>\n

\n

They\u2019re so competitive with one another. I think that\u2019s going to drive additional adoption.<\/p>\n<\/blockquote>\n

Crypto Is Becoming More Mainstream<\/h2>\n

Lastly, he commented that blockchain is really moving up in the technology world. It is no longer something that simply applies to finance. Rather, it can be applied to multiple businesses, and thus any firms that seek to ignore it or reject it are only postponing the inevitable, as most businesses will likely run on blockchain in the coming years. Yusko says:<\/p>\n

\n

In a world where technology is moving us to a more borderless society, you don\u2019t want to fight the technology. You want to be the first to embrace it.<\/p>\n<\/blockquote>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mark Yusko \u2013 the founder and chief<\/p>\n","protected":false},"author":3,"featured_media":120622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nMark Yusko: All Companies Need to Consider BTC - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/mark-yusko-all-companies-need-to-consider-btc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mark Yusko: All Companies Need to Consider BTC - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Mark Yusko \u2013 the founder and chief\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/mark-yusko-all-companies-need-to-consider-btc\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-09T19:34:12+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/04\/ccryptafotobitcoin-2730220_1280.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/mark-yusko-all-companies-need-to-consider-btc\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/mark-yusko-all-companies-need-to-consider-btc\/\",\"name\":\"Mark Yusko: All Companies Need to Consider BTC - 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