Mark Yusko, CEO and founder of Morgan Creek Capital, believes that the coming spot Bitcoin ETF is going to bring a monstrous $300 Billion dollars worth of fresh capital to Bitcoin.
He’s not alone in this massive prediction either. Bloomberg’s Senior ETF analyst believes that the ETF will bring $150 Billion dollars worth of new capital in just its first 12 months.
That amount of money is difficult to even comprehend.
A good way to wrap your head around it is that if you combined all the Bitcoin currently held on exchanges, it totals ~1.85 million Bitcoin.
This equals ~$47.5 billion USD. Meaning Yusko believes in the first 12 months, the ETF will usher in over 6x the amount of capital than all the exchanges hold altogether! Insane.
Make sure to stick around to the end of the video where Yusko breaks down his price prediction for the next Bitcoin bull run, where he envisions it hitting $150,000 and beyond.
About Mark Yusko:
Mark W. Yusko is an American investor and hedge fund manager. He is the founder, chief investment officer and managing director of Morgan Creek Capital Management, an investment management firm that advises pension funds, endowments and wealthy individuals.
Credits: To watch the full interview highlighted in the video (and subscribe to a great crypto resource!) Check out The Paul Barron Network:
