Cryptocurrency expert predicts that massive transition to bitcoin is inevitable

Mark Yusko, CEO of Morgan Creek Capital, shared his thoughts on the prospects for the introduction of the flagship cryptocurrency on an international level. According to Yusko, sooner or later, bitcoin will be used by the entire world.

On the Tech Path Crypto podcast, Mark Yusko emphasized that bitcoin is already in high demand in countries whose national currencies are prone to devaluation, such as Nigeria. In addition to the Nigerian naira, Yusko mentioned the Turkish lira, the Argentine peso, and the Venezuelan bolivar. Given the unstable economies of all four countries, their citizens prefer gold and bitcoin.

The CEO of Morgan Creek Capital emphasized that the transition to digital currencies by central banks will be inevitable, as it is an important step in the technological upgrade of the payment system. However, government stablecoins will not be able to dominate cryptocurrencies, Yusko is convinced. On the contrary, CBDCs will help people realize the potential and opportunities of cryptocurrencies.

Speaking about the introduction of cryptocurrencies, Jusko joked that they will be especially widespread around the time his six-month-old granddaughter starts using money. The businessman is confident that his granddaughter will no longer have to use paper money, as digital wallets and crypto assets will replace it.

As a reminder, BeInCrypto journalists talked to cryptocurrency experts to identify 5 factors that could lead to the next rapid growth of digital assets. Among the main factors are halving, the usefulness of crypto protocols, inflation, DePIN, and user education.