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Mark Yusko, the founder of Morgan Creek Capital Management, highlighted the strategic importance of including digital assets in investment portfolios during his recent appearance on CNBC’s Fast Money. Yusko emphasized their unique value as uncorrelated diversifiers that don’t depend on traditional financial asset metrics.
He also shared an optimistic outlook for cryptocurrencies, particularly Bitcoin. The introduction of Bitcoin exchange-traded funds (ETFs) is expected to reduce volatility and potentially drive prices significantly higher. Yusko predicts the assets under management (AUM) for Bitcoin ETFs could escalate to $300 billion, attributing the growth to the ease of investing in cryptocurrencies through ETFs, bypassing the complexities of dealing with software or hardware.
Further bolstering his case, Yusko referred to the historical performance of Bitcoin, which has consistently shown robust gains. His bold prediction aligns with top traders like Peter Brandt, who foresee Bitcoin reaching as high as $150,000 by 2025. This optimism in digital assets comes amidst a backdrop where traditional commodities, despite hitting new highs, remain undervalued compared to paper assets, according to Yusko.
