The Wolf Of All Streets Bitcoin Hits $111K, Will The Massive Rally Continue? | Mark Yusko
May 22, 2025
In this engaging conversation, Mark Yusko, the Founder and CEO of Morgan Creek Capital Management, shares his expertise on the recent Bitcoin surge, hitting an astounding $111K. He highlights the impact of institutional buying, particularly from Michael Saylor’s strategy, and the promising developments in Bitcoin ETFs. The discussion also touches on Bitcoin's unique position compared to gold and its potential role amid economic instability, emphasizing the transformative nature of cryptocurrencies in today's financial landscape.
AI Snips
Chapters
Transcript
Episode notes
Bitcoin's Low Correlation to Stocks
- Bitcoin's long-term correlation with stocks is very low, around 0.16, making it a non-correlated asset.
- This non-correlation holds because Bitcoin's value is driven by technology and adoption, unlike stocks tied to economic activity.
Bitcoin Pizza Day Significance
- Bitcoin Pizza Day marks an iconic transaction when 10,000 BTC bought two pizzas now worth over $1.1 billion.
- This highlights Bitcoin's massive appreciation and the inflation of fiat currency over time.
Bitcoin as Digital Gold
- Bitcoin is like an ounce of gold: its quantity is fixed and it retains intrinsic value.
- The increasing number of fiat currency units required to buy one Bitcoin reflects ongoing currency devaluation.