Mark Yusko, Morgan Creek Capital Management founder and CEO, says Bitcoin could reach $250,000 within the next five years- but not for reasons one might expect. "Bitcoin is more than just a store of value. It's about network adoption and increased usage," he tells our Daniela Cambone. Yusko also weighs in on Elon Musk's recent tweets regarding the crypto, commenting that he wouldn't be surprised if the Tesla CEO were "lying" about his current buying and selling.
Mark Yusko is the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management. He is also the Managing Partner of Morgan Creek Digital Assets. Morgan Creek Capital Management was founded in 2004 and currently manages close to $2 billion in discretionary and non-discretionary assets. Prior to founding Morgan Creek, Mr. Yusko was CIO and Founder of UNC Management Company (UNCMC), the Endowment investment office for the University of North Carolina at Chapel Hill. Before that, he was Senior Investment Director for the University of Notre Dame Investment Office.