Bitcoin Rally Has Room To Run, Says Morgan Creek’s Mark Yusko
Mark Yusko, the founder and CIO of Morgan Creek Capital, believes the ongoing Bitcoin (CRYPTO: BTC) 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 performance is not linked to GDP growth or inflation.
“Bitcoin prices are determined by the technology itself, by adoption, particularly among young people, and by changes in fiat,” he said, reiterating …
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