Mark Yusko, the founder of Morgan Creek Capital, predicts that the combination of Bitcoin’s upcoming halving event and the potential approval of BlackRock’s spot bitcoin ETF will attract significant institutional investment into the cryptocurrency market. He believes that this influx of institutional demand will remove the existing barriers preventing institutional investors from entering the market. However, Yusko notes that sentiment towards cryptocurrencies has decreased since the last bull run, with institutional clients showing less interest. He attributes this decrease to the “buy low, sell high” behavior exhibited by investors and emphasizes the importance of volatility in the investment process. Yusko also highlights the irrational behavior of investors in stocks and bonds and advises against owning bonds for long periods, advocating for higher volatility assets.
AI Sentiment: Positive