Mark Yusko, CEO of Morgan Creek Capital Management, Shares His Insigh on Bitcoin ($BTC) and Dogecoin ($DOGE)
Mark Yusko, Founder, CEO and Chief Investment Officer of SEC-registered investment advisor Morgan Creek Capital Management, commented on Bitcoin and Dogecoin on a podcast. Yusko said that Bitcoin is the most uncorrelated asset he has ever seen and predicted that the next halving event in May or June will cause the price to adjust and create movement. Regarding Dogecoin, he called it “speculative nonsense” and said he previously claimed the bear market in crypto would be over when Dogecoin and SHIB went to zero, but they are going up again despite having no underlying value. He added that while Amazon generates profits and cash flow, there is no value in meme coins like Dogecoin. Earlier in February, Yusko made similar comments about Dogecoin and SHIB, saying they had no there, there and no underlying value.