According to U.Today, Mark Yusko, the founder of Morgan Creek Capital Management, has emphasized the importance of including digital assets in investment portfolios during a recent appearance on CNBC's Fast Money. He stated that digital assets offer diversification benefits and are uncorrelated as they do not derive their value from the same sources as traditional financial assets.
Yusko also expressed his belief that the volatility of cryptocurrencies will decrease with the introduction of Bitcoin exchange-traded funds (ETFs). He suggested that this development could lead to higher prices and dampen volatility. Yusko predicted that the total value of assets under management (AUM) of Bitcoin ETFs could reach $300 billion. He explained that this would allow investors to participate in the digital asset space without dealing with software or hardware, simply by purchasing an ETF like any other asset in their portfolio.
In addition, Yusko has previously predicted that the price of Bitcoin could surge to as high as $150,000 this year. Despite Bitcoin reaching a new all-time peak before halving, Yusko believes that the flagship cryptocurrency could rally even harder this year based on historical data. This prediction aligns with top trader Peter Brandt's forecast that the price of the leading cryptocurrency could peak at $150,000 in 2025.
Lastly, Yusko commented on the current state of commodities, stating that despite reaching new highs virtually every day, they are at their cheapest price to paper assets than ever before. He expressed a preference for commodities, stating, 'In the kid's game, paper beats rock. But in real life, rock beats paper.'