Bitcoin ETF

Bitcoin

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">During a recent&nbsp;<a href="https://x.com/CNBCFastMoney/status/1797742199611838878" rel="noopener noreferrer nofollow">appearance</a> on CNBC's Fast Money, Morgan Creek Capital Management founder Mark Yusko has stressed that everyone should have some digital assets in their portfolio. "They add diversification benefits. They are uncorrelated cause they do not derive their value from the same thing as traditional financial assets.&nbsp;</p>
<h2 id="declining-volatility">Declining volatility&nbsp;&nbsp;</h2>
<p dir="ltr">Yusko is convinced that cryptocurrency volatility is going to decrease due to the introduction of Bitcoin exchange-traded funds (ETFs). "I think it will dampen volatility. I think it will lead to much higher prices," he said.&nbsp;</p>
<p dir="ltr">He has predicted that the total value of assets under management (AUM) of Bitcoin ETFs could reach $300 billion.&nbsp;</p>
<p dir="ltr">"If you think about $58 billion dollars of mostly retail and advisory money coming into this space…You don't have to deal with software, you don't have to deal with hardware, you just have to buy an ETF like anything else in your portfolio. I think that number goes to $300 billion," he added.&nbsp;&nbsp;</p>
<h2 id="a-sky-high-price-prediction">A sky-high price prediction&nbsp;</h2>
<p dir="ltr">As&nbsp;<a href="https://u.today/bitcoin-btc-price-could-top-150000-yusko-predicts" rel="noopener noreferrer nofollow">reported by U.Today</a>, Yusko recently predicted that the price of Bitcoin could surge to as high as $150,000 this year.&nbsp;</p>
<p dir="ltr">Even though Bitcoin reached a new all-time peak before halving, the investor believes that the flagship cryptocurrency could rally even harder this year based on historical data.&nbsp;</p>
<p dir="ltr">Last week, top trader Peter Brandt forecasted that the price of the leading cryptocurrency could peak at $150,000 in 2025.&nbsp;</p>
<h2 id="are-commodities-still-cheap">Are commodities still cheap?&nbsp;</h2>
<p dir="ltr">Despite new highs virtually every day, commodities are at the cheapest price to paper assets that they have ever been.&nbsp;</p>
<p dir="ltr">"You know, in the kid's game, paper beats rock. But in real life, rock beats paper. So, we favor commodities," he said.&nbsp;&nbsp;&nbsp;</p>

Mark Yusko Remains Bullish on Crypto

Table of Contents

U_Today

Other articles published on Jun 4, 2024

UK Community Benefits as SwissBorg Ensures Full Compliance with FCA’s Finprom Rules (4 Jun)

Former OpenAI, Anthropic employees call for ‘right to warn’ on AI risks

5 Artificial Intelligence (AI) Tokens to Watch in June 2024

$68K or $74K: How Bitcoin’s next move depends on this key level

Investors Gain Substantial Profits from Airdrops

Massive DOGE Accumulation Signals Potential Rally In the Future

Join our free newsletter for daily crypto updates!