Crypto market update: Morgan Creek CEO, Roger Ver and Quoine CEO bullish on Bitcoin and cryptos
|- “I think you can make 20-times plus your money,” Morgan Creek CEO.
- The bottom is near for Bitcoin according to Quoine CEO.
As the market languishes in selling pressure, Bitcoin bulls and other industry leaders are coming out to assure users and investors that the downtrend is only for a short time and that the market will soon resume the uptrend. For instance, the CEO of Morgan Creek, an investment firm, Mark Yusko is reported to have made incredibly positive remarks on Bitcoin and the crypto market at large. He made the comments while appearing in an in interview conducted by CNBC noting that BTC is a worthy investment both in the short-term and the long-term. While advising of when to buy Bitcoin, he said:
“If you buy in today, I don’t think you would have to wait a long time to make a nice return…Over a decade, I think you can make 20-times plus your money.”
Bloomberg reported on December 4 that Roger Ver, the CEO of Bitcoin.com is also very positive for cryptocurrencies. He believes that the future is “brighter than ever” noting that “there is more awareness, there is more adoption and other amazing stuff happening all over the world.” Roger Ver is also bullish on Bitcoin Cash and the entire market.
In other news, the chief executive officer of Quoine, Mike Kayamori while speaking to Bloomberg discussed the current plunge in crypto prices and where the market is headed as we usher in 2019. Kayamori says that the bottom is close especially for Bitcoin but said that prediction is very difficult as market have changed the record seeing the fact the market is lagging the year end bull rally, although it happened for three consecutive years. He, however, said that as the new year comes, we will begin to see a change in sentimentalism. Kayamori said that Bitcoin is going to surpass its all-time high come end of 2019.
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