“Bitcoin Prices About to Go Crazy in 2 Months While Gold Plummet” – Mark Yusko Bitcoin Interview

“Bitcoin Prices About to Go Crazy in 2 Months While Gold Plummet” – Mark Yusko Bitcoin Interview

The CEO and Founder of Morgan Creek Capital, Mark Yusko, joins us as we continue our series on collaboration. Mark offers a novel viewpoint on both the cryptocurrency and bitcoin. We talk about equities, cryptocurrencies, Bitcoin, and more! Comment below and let me know what you thought of the interview!

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Credit: Thinking Crypto
DON’T BE FOOLED! The Bitcoin ETFs Will Drive CRYPTO TO NEW ALL TIME HIGHS with Mark Yusko

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Think we hit six figures you know my my I I do these 10 surprises every year and one of mine was you know that we hit six figures I we definitely take out the all-time high that could happen in days right once people realize that these

ETFs are taking out more Bitcoin out of the market than is mined every day and after the having it’s going to be two or three times that so it’s just Supply demand problem we’re having a demand shock right now and we’re going to have a supply shock in April where we go from

900 Bitcoin a day to 450 you put those two things together number go Up in a recent interview with thinking crypto renowned investor and hedge fund manager Mark yuso gives his 2024 bitcoin price prediction according to yuso the Bitcoin ETFs have created a huge demand shock which with time will significantly impact prices but the bigger news is that by April the having event will

Create an even bigger supply shock that will make bitcoin’s price go completely parabolic Mark predicts that Bitcoin will easily smash the $69,000 all-time high and hit the much anticipated six figures before the cycle ends people are talking about in different ways you know there’s people saying oh it was a total

Failure I’m like what are you talking about I mean we set alltime records for ETF trading on the first day when you put together the basket it was 4.6 uh billion dollars of trading in the first day like oh but there was only a few hundred million of net inflows

Because gbtc was being liquidated mik sure I mean did did people expect on day one all the you know advisors out there would say oh you know I I I made a mistake clearly I should Rush out and and load up no it’s going to take time for Education you

Know all the advertisements are going to come you’re going to have I mean you go to blackrock.com yeah their landing page their main landing page for the whole firm is an ad or the the one pager for ibit their Bitcoin ETF so that that’s a

Big deal I mean that’s a really big deal and so here we are four days into trade in and we’ve got a billion dollars of net new money into ibit we’ve got two and a half billion dollars of capital across well they call them the new board

Nine uh and then you know gbtc converted and and yes it’s losing assets because they kept their fees really really high um knowing that the people who had a big tax gain aren’t going to sell over fees so it’s kind of a little bit of a cash grab because they’ve got some challenges

Uh I think over at at dcg but bottom line I think it was a tremendous launch uh tremendous day for uh digital assets broadly um you know all the Maxis are upset because you know it’s these people don’t own Bitcoin you’re right technically you’re right the Bitcoin was created so you and

I or anyone else could exchange value without an intermediary so no these people are not going to hold their keys and they’re not going to put it in Cold Storage but here’s the thing there’s going to be a transition from trafi traditional Finance with trusted third parties to ultimately defy or noi

Right where there’s there’s no in uh trusted third parties it’s just going to take time but this is is a great stepping stone for people to add what has been you know the best performing asset over the last decade it’s actually been the best performing asset 12 of the

15 years has been in existence most people have zero exposure not people listen to to the podcast but but most people have zero and you know I’ve been talking about this since 201 uh 17 18 right get off zero zero is the wrong number now I’m not saying 100% or 90% or

80% but zero is just wrong yeah and you want to have some of this asset in your portfolio for lots of different reasons for the low correlation to other assets it protects your portfolio for the fact that it is a store of value against devaluation of the currency that was the

Big one for me when Larry think right who’s the head of the largest asset manager on the planet Black Rock who six years ago said this was an index of money laundering Bitcoin was an index of money laundering for him to then come on CNBC and

Say no it’s a store of value that you should own to protect yourself against the devaluation of the currency to say it was surprising to here black Rock’s CEO warn investors about currency devaluation when he recommended that investors use crypto to avoid devaluation and maintain their wealth Larry Fink made that extremely bullish

Statement last July about 3 weeks after his firm applied to offer a spot Bitcoin ETF during the interviews the Black Rock CEO emphasized that Bitcoin is digital gold and an international asset that can help investors hedge against inflation and currency devaluation Mark point pointed out an interesting fact about currency devaluation during the

Interview he noted that the United States National Debt has grown by$ trillion in the past 3 months now we do it in months in a few years it will be in weeks or even days let’s get back to the interview as Mark further discusses the importance of Bitcoin and how it

Compares to other assets especially gold I think this is the year 2024 I think is the year where people finally understand that Bitcoin is digital gold right I mean gold is this amazing asset it’s an asset that is money right it’s actually one of only two or three monies in the

World money is an asset that exists in the absence of a liability everything else that we think of as money dollars yen Euros or not not money they’re currency currency is backed by debt and money has to exist with no Associated liability and it has to be given value

Ascribed value by use and custom okay and I I love that there was a a a video years ago of a guy selling Yak meat like back in ancient times and this guy walks up with the chicken and gives him the chicken and gives him the

Yak meat and then a guy walks up and gives him gold he’s like the hell is that well it’s goal what do I want that for I can’t eat it I can’t use it I mean I can’t sell it he says just trust me it’s gonna catch on

And the idea that a piece of shiny yellow Rock would be the thing that we all for 5,000 years would use to ascribe value well the reason is because of scarcity right the stock to flow ratio the amount of new production relative to what’s used or lost or St stolen is

Roughly equal so the stock okay the amount to flow is very high which means your scarcity value is very high well Bitcoin actually just passed gold in terms of the stock to flow the amount that’s created every year versus what’s lost or stolen okay and that stock to

Flow ratio means that it’s very scarce well scarcity is one Element you also need something to be portable MH gold actually isn’t really that portable and the real problem with gold is it’s not very divisible like if I had a bar right here right now and I want to break it in

Half and I think I’m pretty in shape guy but you not really but I’m not strong right I could not break that bar of gold even if I were super strong right even I were Arnold right and I could even he couldn’t do it I couldn’t stuff it into

My computer and send it to you right well I can hit a couple buttons and send you Bitcoin like instantaneously and I can do it to 100,000 units Satoshi I mean 100 million units per Bitcoin and this is I I feel sorry for Samantha she’s a very nice lady Samantha

Dulock and she you know she basically just misspoke right and said well I don’t understand you know it’s Satoshi that just means it could be infinitely divisible and create infinitely more it’s like you mean if you take a pizza you can cut it into Infinite pieces and feed the world

Really is that is that what you’re saying there’s still one pizza but anyway so I feel badly for her and I said she’s a very nice lady but um Satoshi are just a a devising unit that allow us to not have to think in full Bitcoin at 50,000 bucks but in terms of

Of pennies or or Satoshi so ultimately we’ll get to that point and there’s lots and lots and lots of satoshis 2.1 quadrillion which is why my hashtag uh on my my Twitter handle um says 2.1 quadrillion but that’s where we’re headed and divisibility portability and this idea that triple entry accounting is just

Better it’s a better system that wraps up today’s crypto News highlights stay tuned for more updates insights and Analysis from the world of cryptocurrencies please share your thoughts in the comments below don’t forget to like this video And subscribe to our channel for more engaging content