Kitco News, Released on 8/10/23
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Mark Yusko, CEO, Founder, and Chief Investment Officer of Morgan Creek Capital Management, who discusses the prospects, pros and cons, and timeline of a spot Bitcoin ETF getting approved by the U.S. Securities and Exchange Commission (SEC). Yusko talks about Bitcoin’s current “fair value,” the 2024 halving, and where prices will be by mid-summer 2024. Yusko also weighs in on the latest developments with Sam Bankman-Fried, FTX, and Tether.
00:00 – Intro
02:18 – Spot Bitcoin ETF: this ETF will be the first to get approval
07:52 – Is a spot Bitcoin ETF a good idea?
15:55 – Bitcoin price reaction
24:32 – Bitcoin price forecast and halving
30:13 – FTX and SBF
39:18 – Fear and CBDCs
43:48 – Deltec Bank and impact on Tether
Mark Yusko is the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management. He is also the Managing Partner of Morgan Creek Digital Assets. Morgan Creek Capital Management was founded in 2004 and currently manages close to $2 billion in discretionary and non-discretionary assets. Prior to founding Morgan Creek, Mr. Yusko was CIO and Founder of UNC Management Company (UNCMC), the Endowment investment office for the University of North Carolina at Chapel Hill. Before that, he was Senior Investment Director for the University of Notre Dame Investment Office.