Negative Bitcoin Headlines Affect Speculators, Not HODLers…!
Nope…not this Hodler! Hodl long, hodl hard….just HODL!
Negative Bitcoin headlines affect speculators, not HODLers says Morgan Creek CEO
“The motivation and time horizon for entering Bitcoin (BTC) will ultimately dictate whether investors succeed in this new asset class, according to crypto pioneer Mark Yusko.
On Friday, the CEO of Morgan Creek Capital Management commented on the recent wave of negative headlines concerning Bitcoin. In a series of tweets, Yusko said financial institutions are justifiably concerned about Bitcoin’s disruptive impact and will use whatever means they have to slow its adoption.
The normal response to Bitcoin’s threat is to ‘erect barriers to adoption and innovation,’ Yusko said, adding:
‘When threatened, incumbents always turn to influence of governments to try and slow adoption of new technology through onerous regulation’”