Mark Yusko, the founder of Morgan Creek Capital, recently expressed his confidence and optimism in the digital asset industry. He emphasized the importance of including digital assets in investment portfolios, as they provide diversification benefits and are not correlated with traditional financial assets.
Yusko also highlighted his belief that cryptocurrency volatility will decrease with the introduction of exchange-traded funds (ETFs) based on Bitcoin. He stated that these ETFs will reduce volatility and lead to higher prices.
During Bitcoin Investor Day, Yusko shared an optimistic forecast for Bitcoin ETFs, stating that the total value of assets under management could reach $300 billion. He explained that the ease of buying an ETF, compared to dealing with software and hardware, will attract retail and advisory investors to the space.
Yusko also made predictions about the future price of Bitcoin, stating that following the recent halving, the cryptocurrency’s fair value has risen from $50,000 to around $80,000. He expects the market to enter the FOMO phase when Bitcoin approaches this new fair value, which he believes will result in further price increases.
It is important to note that the author’s views and opinions, as well as those mentioned in the article, are for informational purposes only and should not be considered financial or investment advice. Investing in cryptocurrencies carries a risk of financial loss.
In the current market, Bitcoin is trading at $68,864.79, with a 1.1% decrease in the last 24 hours.
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