Bitcoin & Crypto May Have Just Topped! with Mark Yusko

Oct 13, 2025

Mark Yusko, the founder and CEO of Morgan Creek Capital Management, dives deep into the current state of Bitcoin and the broader crypto market. He discusses whether Bitcoin has peaked and analyzes the implications of a U.S. Strategic Bitcoin Reserve. Yusko highlights the generational shift toward digital assets and critiques the market's fragilities amidst central bank liquidity. He also explores the evolving role of banks in crypto adoption and the potential risks of Digital Asset Treasuries, all while offering predictions for Bitcoin's future.

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INSIGHT

Bitcoin Rises As Fiat Weakens

Mark Yusko argues Bitcoin's dollar price rises as fiat currencies devalue, so Bitcoin highs reflect weaker fiat not just crypto strength.
He notes Bitcoin already made all-time highs in currencies like the Turkish lira and Venezuelan bolívar due to extreme devaluation.

INSIGHT

Liquidity And Money Illusion Drive Asset Rallies

Yusko emphasizes liquidity drives markets and 'money illusion' hides real declines when priced in weak fiat.
He shows stocks fall when priced in gold, arguing inflation steals purchasing power from savers.

INSIGHT

Bitcoin As Better Base-Layer Money

Yusko frames money as an asset without a liability and places Bitcoin alongside gold as superior money.
He highlights Bitcoin's portability and divisibility versus gold as reasons it can replace gold over time.

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