The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Morgan Creek Strategist Says Bitcoin (BTC) Flashing ‘Buy’ Like Early Days of Amazon – Plus News on Ethereum, Bitcoin Cash, Litecoin, Dash, and EOS

by Daily Hodl Staff
October 8, 2019
in Altcoins

From betting on Bitcoin as a long-term play to booking travel plans with five more currencies, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Crypto investor Mark Yusko says Bitcoin is a buy, despite dipping to the $8,000 range. Even if it dropped to $5,000, BTC is still a buy, according to Yusko, chief investment officer at Morgan Creek Capital Management, which advises pension funds, endowments and high-net-wealth individuals.

Appearing on CNBC, the investment strategist compares price volatility and the big bet on Bitcoin to Amazon. He enumerates a list of key indicators he believes give Bitcoin a lot of upside potential.

“Buy it. Because here’s the thing: the daily price of Bitcoin doesn’t matter. It’s been alive for 10 years. In every year, other than one – 2015 – it’s made a higher low.

The market cap has grown every single year. Every fundamental indicator of Bitcoin – usage, wallets, block size, transaction size, number of transactions, every single one – hash rate – making new highs.

All of the indicators of the network and the network value are rising. The price of any asset fluctuates. Let’s take Amazon. Amazon has been a public company for 20 years. In every year, including this year, it’s had a double-digit drawdown. The average peak-to-trough – minus 31%, twice minus 90%. When was the right time to sell? Never. Who’s owned it since the IPO to today? Jeff and his mom and his dad. That’s it.”

Ethereum (ETH)

Crypto payment processor BitPay is supporting Ethereum payments.

Starting this month, people can buy gift cards and top up BitPay cards using the world’s second largest cryptocurrency while businesses can accept Ether for client billing, e-commerce checkout and donations.

BitPay Will Soon Support Payments from the Ethereum Blockchain | The BitPay Blog https://t.co/Vtxv2AFxku pic.twitter.com/8vK1dyb4YX

— BitPay (@BitPay) October 7, 2019

Ethereum, Bitcoin Cash, Litecoin, EOS and Dash

Destinia, a leading online travel agency in Spain, has added support for five more cryptocurrencies, in addition to Bitcoin: ETH, BCH, LTC, EOS and DASH.

The crypto-friendly platform now allows customers to book their travel plans in crypto, including plane and train tickets, hotel accommodations and travel packages.

Source: Destinia

Dash

Crypto services provider Coinify has added support for Dash.

According to Dash News, Dash will now be available as a payment option at tens of thousands of additional merchants in 70 countries.

Dash will also be integrated into Coinify’s in-wallet trading API allowing users to buy and sell Dash, the world’s 18th-largest cryptocurrency by market cap.

[the_ad id="42537"] [the_ad id="42536"]
Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Duelbits Announces Landmark Collaboration With Football Icon Luis Suárez
    November 29, 2023
  • BinaryX Launches AI Chat Game ‘AI Hero’ With Limited NFT Mints
    November 28, 2023
  • Binance Labs and BNB Chain Open New Founder-Focused Track To Incubate 100 Early-Stage Projects
    November 24, 2023
  • Socrates Launches Groundbreaking Social Media and Entertainment Platform for Web 3.0 Users Globally
    November 23, 2023
  • GCEX Receives Operational VASP License From Dubai’s Virtual Assets Regulatory Authority
    November 22, 2023
  • Yubo Ruan – Revolutionizing Web 3.0 With a Web 3.0 Super-App
    November 22, 2023
  • De.Fi Sold Out $5 Million Round, OKX, Binance and Coinbase Directors Among Investors – The Sale Is Still Open
    November 20, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$37,858.14
$37,858.14
0.66%
Ethereum
$2,035.25
$2,035.25
1.23%
Cardano
$0.384589
$0.384589
0.58%
XRP
$0.608842
$0.608842
0.39%
Dogecoin
$0.081106
$0.081106
0.82%

Spotlight

  • Bitcoin Will Never See Below $30,000 Again if This Pattern Holds True, Says On-Chain Analyst Willy Woo
    November 22, 2023
  • Investor Brian Kelly Says Bitcoin (BTC) Could Be 10x Higher if It Takes Market Share From Gold
    November 22, 2023
  • Trader Unveils Bull Market Price Targets for Bitcoin, Ethereum, Solana and Two Additional Altcoins
    November 22, 2023
  • Bitcoin and Stock Market About To Get ‘Very Explosive,’ According to Analyst Jason Pizzino – Here’s Why
    November 22, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2023 The Daily Hodl