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Mark Yukso on Blockchain Disrupting Finance | Part II: Bitcoin’s Million Dollar Network?

Feb 28, 2025
In a captivating discussion, Mark Yusko, CEO of Morgan Creek Capital and blockchain expert, dives into the transformative potential of Bitcoin. He predicts Bitcoin could reach a million dollars, examining how Wall Street manipulates its price and the role of ETFs and futures. Yusko analyzes Bitcoin's fair value through Metcalfe's law and discusses key investment strategies for retirement, advocating for a shift towards innovative assets. He also highlights how AI and blockchain are reshaping venture capital, showcasing the future of finance.
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ANECDOTE

Al Gore and the Internet

  • In 1996, Al Gore played a crucial role in preventing legislation that would have restricted the internet.
  • This legislation, backed by telecom companies, aimed to maintain control over communication and profit from long-distance charges.
INSIGHT

Buffett's Bitcoin Bias

  • Warren Buffett and Charlie Munger's criticism of Bitcoin likely stems from their large holdings in the financial sector, which Bitcoin threatens to disrupt.
  • Berkshire Hathaway has been actively divesting from financials.
ANECDOTE

The Bitcoin Bet

  • Mark Yusko offered Warren Buffett a million-dollar bet on Bitcoin's performance against the S&P 500.
  • Buffett declined, citing his age, but Yusko believes his reluctance stems from an understanding of Bitcoin's potential.
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