Mark Yusko Compares BTC with Amazon Stock
Yusko does not see a big problem in the recent fall of BTC rate to $ 8000. He believes that the price of this asset may rise and fall in short term, but it is necessary to mention the market situation in general, so Yusko is not going to sell BTC.
All the indicators of the network and the network value are rising; the price of any asset fluctuates.
Yusko talks about the following indicators: network hash rate, transaction volume and number of wallets. It should be mentioned that all of them have increased this year.
Thus, the director of Morgan Creek Capital Management concluded that selling bitcoins would be similar to selling Amazon stock.
As we wrote earlier, the head of OKEx operating department Andy Cheung is sure that BTC rate will reach the historic maximum of $20,000 this year.