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Which Would You Prefer: A '2007 Chevrolet SUV' or 0.4 Bitcoin?


www.cryptoglobe.com 2020-11-22 05:00
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Jason Williams, co-founder and partner at Morgan Creek Digital, seems to have found this an easy decision.

Morgan Creek Digital Assets is a multi-strategy crypto-focused investment firm aimed at institutional clients and wealthy family offices. It was founded by Mark Yusko, Jason Williams, and Anthony Pompliano in 2018, and it is backed by Morgan Creek Capital Management.

On Thursday (November 19), Williams, who is even more bullish on Bitcoin than his famous colleague Anthony Pompliano (AKA “Pomp”), told his over 54,000 Twitter followers that he had sold one of his cars, a 2007 Chevrolet Suburban for 0.4 BTC:

Sold it for 0.4 BTC fwiw. Feels like I may have done well. We will see. https://t.co/nMUm2AfkAp

— Jason A Williams (@GoingParabolic) November 19, 2020

Last month, Williams told Norwegian crypto exchange NBX why he is so bullish on Bitcoin.

As NBX explained in a blog post published on October 30, following the increasing amount of institutional adoption of Bitcoin in the past three months, it decided to seek “the current opinions of various industry leaders on Bitcoin’s recent performance and future outlook.” One of those experts NBX talked to was Williams.

Williams was asked “What’s your bull-case for Bitcoin as a safe haven?”

Williams replied:

“Bitcoin could hit 1–3M dollars in the next 5 years. People have no idea what it will look like when large banks and countries start holding bitcoin in their treasury.”

NBX says that he “also added that Bitcoin’s digital scarcity is a key feature in its continued growth across institutional contexts.”

Featured Image by “WorldSpectrum” via Pixabay.com

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.


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