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Bitfinex Issues Altcoin Warning, Says ‘Concerning’ Indicator Warranting Caution Despite Rallies Bitfinex Issues Altcoin Warning, Says ‘Concerning’ Indicator Warranting Caution Despite Rallies

Morgan Creek’s Mark Yusko Unveils His Top Five Altcoin Picks Heading Into 2025 Including Cardano and Solana

The chief investment officer of Morgan Creek Capital is revealing his top five altcoins picks heading into the new year.

In a new interview on the Altcoin Daily YouTube channel, Mark Yusko names his top token picks, including prominent smart contract platforms Solana (SOL) and Cardano (ADA).

Other digital assets on the executive’s list include XRP, the digital asset associated with Ripple Labs, meme asset Dogecoin (DOGE) and layer-1 blockchain Hedera (HBAR).

“I’ve become pretty partial to Solana, I got to say it. I mean, the guys have done a good job convincing me and you know, thankfully we didn’t sell our last bag and it’s gone from $13 to $240 or whatever so it’s pretty good.”

Yusko goes on to say that if he had “money to lose,” he’d bet on ADA, XRP, and HBAR as some firms in the traditional finance (TradFi) world may eventually adopt the crypto assets to not get left behind.

“If I had money that I was willing to lose – because I think you could literally lose it – I might actually own a little bit of [ADA, HBAR, and XRP] because…

Depending on how this ‘czar’ position and all that stuff plays out, could I see a world in which, as a bridge to the future – meaning the incumbents don’t want to be displaced tomorrow – they say ‘You know what? Fine we’ll use XRP or we’ll use some Hedera thing and we’ll be crypto.’”

Concluding with DOGE, Yusko says not owning the top meme token is a bet against billionaire Elon Musk.

“Don’t bet against Elon, obviously. DOGE probably is not the dumbest thing in the world. I thought it was pretty dumb all the way from $0 to $60 billion so jokes on me, I’m the dumb one, but anyway, that’s probably it.”

 
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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 losses 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.

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https://dailyhodl.com/2024/12/01/morgan-creeks-mark-yusko-unveils-his-top-five-altcoin-picks-heading-into-2025-including-cardano-and-solana/

2024-12-01 21:00:14

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