Mark Yusko, the founder and CIO of Morgan Creek Capital, believes the ongoing Bitcoin BTC/USD rally is far from over.

What Happened: Speaking as Bitcoin surpassed a new all-time high near $111,000, Yusko said the asset’s upward trajectory is backed by deep structural forces and a fundamental shift in how the global economy treats money.

“This idea that we should be surprised that we keep making all-time highs? Of course we’re going to make new all-time highs,” Yusko said, pointing to the rapid devaluation of fiat currencies. “We printed 80% of all the dollars that ever existed in the last five years.”

Unlike traditional assets like stocks and bonds, Yusko emphasized that Bitcoin’s…

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