In a recent interview, Mark Yusko, the founder, CEO and chief investment officer of SEC-registered investment advisor Morgan Creek Capital Management, LLC, shared his thoughts on $BTC and $DOGE.
According to a report by The Daily Hodl, on Thursday (March 2), while appearing as part of a panel with David Duong (Head of Institutional Research at Coinbase) and Dan Gunsberg (Founder of Hxro), Yusko had the following on Scott Melker’s podcast about Bitcoin accept:
“But I will argue, Spring, Summer just around the corner, my guess is May, June, nine months before the halving. Here’s how it works… It’s hard-coded into bitcoin that every four years you’ll be trimming the block rewards. In theory, if you cut block rewards, a fair number of miners will go out of business unless the price adjusts. And the price adjustment is making things move… Bitcoin is the most uncorrelated asset I’ve seen in my career.”
As for Dogecoin, he said:
“The speculative nonsense like Dogecoin, why even exist? I mean my mind hurts. And I said the bear market would be over when DOGE is zero and I want to stand by that but I can’t because stupid people will be stupid.”
Last month, during an interview for the Blockworks Macro YouTube channel, Yusko said:
“Every day I have to live with where I say that when DOGE and SHIB go to zero, the bear market in crypto will be over. They never got to zero. In fact, they are rising again. And there is no there, there. And the only thing that’s there are the people who say: Well, better watch out if they actually find a use case…
“What is the value? What is the underlying value? Could you give it to someone to get something? nope At least Amazon… they generate profits and cash flow. They found a way to make a return… Okay, so if I had an interest in this company, I could give it back to the company and I would actually get something in return. But a meme stock or a meme coin? There is no value.”
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