Morgan Creek Capital CEO Sparks Excitement with Bold Speculation on Future SEC Approval for Ethereum ETF
Mark Yusko, CEO of Morgan Creek Capital, critiques spot Bitcoin ETFs, highlighting their importance for wider adoption but noting challenges for less tech-savvy investors. He sees decreased Bitcoin volatility as a natural progression, emphasizing its value. Yusko predicts Bitcoin's fair value, anticipating a six-digit price range in 2024. However, he adopts a cautious stance on the potential approval and long-term impact of a spot Ethereum ETF by the SEC, estimating approval chances to be less than 50%.