Mark Yusko, CIO of Morgan Creek Capital, bitcoin(BTC) will not stop BTC.
In a new interview with Paul Barron crypto- The expert says that people who suggest that the government can ban Bitcoin are wrong.
He says that US BTC holders make up only a small fraction of global BTC holders. For this reason, the leader states that if the federal government bans it, the cryptocurrency will continue to develop.
“People forget that 80% of BTC is held outside of the United States. Americans only have 20% of it. And if the Americans had zero, it would continue to operate every day. If there were no knots in the United States. If they made it illegal to run a node. Bitcoin wouldn’t care if they made it illegal to move your money in and out of fiat ramps and ramps.”
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Yusko also says that Bitcoin is popular in a country like Nigeria because the local currency depreciates against gold and BTC.
Bitcoin is worth $27,249 at the time of this writing.
Yusko believes that virtual assets will be massively adopted when everyone from seventy to seventy starts using the currency.
“Paper will never recognize money. He will never recognize a leather wallet. It will recognize a digital wallet. It will recognize digital money. Hopefully not CBDCs, Bitcoin and others, but ultimately this transition is as fundamental and definitive as any other major technological transformation we’ve experienced in history. But while you’re experiencing it, everyone sees it as a passing fad. That’s why it’s what creates great opportunities.”