BlocksInform
In a recent interview, Mark Yusko, founder, CEO and CIO of Morgan Creek Capital Management's Chartered Investment Advisor, llc, shared his thoughts about $btc and $doge.
According to a report by The Daily Hodl, on Thursday (March 2), while appearing as part of a panel that included David Duong (Head of Institutional Research at Coinbase) and Dan Gunsberg (Founder of Hxro) on Scott Melker’s podcast, Yusko had this to say about Bitcoin:
Bitcoin is the least correlated property that I have seen in my career.But I will argue spring, summer right around the corner, my guess is May-ish, June-ish, nine months before the halving. And that’s the way it goes... And it's like this... If you reduce the rewards in bulk, in theory, a lot of miners are going to go bankrupt unless the price adjusts. And the price adjustment creates movement... And adjusting prices creates motion...Is it an action or a play?
As for Dogecoin, he said:
“The speculative nonsense like Dogecoin, why does it even exist? I've got trouble in my head. And I said the bear market would be finished when doge is zero, and I want to stay with that.“
Last month, during an interview for the “Blockworks Macro” YouTube channel, Yusko said:
“Every day I have to live with this, where I say the bear market in crypto will be over when DOGE and SHIB go to zero. “last month, in a conversation for the youtube channel "blockworks macro", Yusko said, "Every day I must live with that, where I say that the bearish crypto market will be completed when doge and shib go to zero. They didn't reach zero. As a matter of fact, they're coming back up. And the only there is the people who say: Well, you better watch out if they actually find a use case...
That's not where it is. And it's only people who say, well, you'd better be careful if they find a real use case..."what's the value? What is the value behind it? Would you mind handing it over to someone to pick up? No. at least amazon...they produce profits and cash flow. They figured out a way to produce the comeback... okay, So if I had a piece of this corporation, I might be able to return it to the company, And I'm getting something for that. All right, so if I had a share of that company, I could return it to the company, and I'd get something for it.“
