The bitcoin price is once again trading above the $12,000 level, and the current market cycle could take the price to a new all-time high. Morgan Creek Capital Management CEO Mark Yusko was featured on CNBC, where he emphasized that bitcoin is the best-performing asset since October 2018 by a long shot. "I think we're in the next parabolic move. That will take us probably into the $30,000 level...
By CCN: On CNBC’s Fast Money, Morgan Creek Digital founder and CEO Mark Yusko, said that bitcoin makes a great diversifying asset in a stocks portfolio and that every investor should invest in the dominant cryptocurrency. Hedge fund vet @MarkYusko says bitcoin is a better bet than stocks. pic.twitter.com/mbnwGJUmNi — CNBC's Fast Money (@CNBCFastMoney) May 22, 2019 Since January, in less...
By CCN: Stocks in some sectors are teetering on the brink of a bear market, and one Wall Street veteran believes it's going to get worse. Mark Yusko, who is at the helm of Morgan Creek Capital Management, says that the bears are already out and stocks are going to finish the year lower by a double-digit percentage, according to his interview on CNBC. Before you write him off, consider that in...
By CCN: The bitcoin bull market is here, as the price of the flagship cryptocurrency has shot through $7,400 and it seems all set to go higher. Bitcoin bulls estimate that the price of each coin could hit $20,000 very soon thanks to rising demand. But there are some who believe that the price of bitcoin could very well go on to hit cool six-figure sums in the future, including Morgan Creek...
By CCN: Morgan Creek Capital Management founder Mark Yusko spoke to Bloxlive.tv about the Binance hack and his startling prediction that Bitcoin will eventually be worth $400,000. Morgan Creek Founder: Hackers Prove the Value of Crypto Yusko made a compelling case, taking a positive out of the massive $40 million loss that Binance suffered, saying that hackers prove the value of Bitcoin. “People...
It's a perfect storm for the U.S. economy, one that won't end well for the Dow Jones Industrial Average. Mark Yusko, Morgan Creek Capital Management CEO and CIO, painted a grim picture for the foreseeable future, advising investors to run as fast as they could away from U.S. equities. In a webinar entitled "You Ain't Seen Nothing Yet, Why the Equity Bear Market Is Just the Beginning," the...
A multi-billion dollar investment advisor has launched a new cryptocurrency index fund built specifically for institutional investors, and the assets that aren't included in the fund will likely raise more eyebrows than those that are. Bitwise, Morgan Creek Create Crypto Index Fund for Institutions Announced on Tuesday, the Digital Asset Index Fund has been developed in partnership by Morgan...
The year is more than halfway over, but hedge fund manager Mark Yusko isn’t backing down from his prediction that the bitcoin price will reach a new all-time high in 2018, the first rumble of a moonshot that will see the flagship cryptocurrency crack the six-figure threshold in less than a decade. Writing on Twitter, Mark Yusko, the founder of North Carolina-based Morgan Creek Capital Management...
One of Bitcoin’s biggest bulls is doubling down on his conviction that the future is bright for cryptoassets. Mark Yusko, founder and chief investment officer at Morgan Creek Capital, announced that the Chapel Hill, North Carolina-based firm is seeking to raise up to $500 million to start a new hedge fund focused exclusively on cryptoassets and other blockchain-related investments. “Morgan Creek...
Hedge fund manager Mark Yusko forecasts that the bitcoin price has the potential to reach $1 million over the long term as the network effect leads increasing numbers of investors to use it as a store of value in place of traditional commodities such as precious metals. Yusko, who founded Morgan Creek Capital Management and serves as the firm’s chief investment officer, is noted for his bearish...