Mark Yusko Raising Capital for $500 Million Cryptoasset Hedge Fund

One of Bitcoin’s biggest bulls is doubling down on his conviction that the future is bright for cryptoassets.

Mark Yusko, founder and chief investment officer at Morgan Creek Capital, announced that the Chapel Hill, North Carolina-based firm is seeking to raise up to $500 million to start a new hedge fund focused exclusively on cryptoassets and other blockchain-related investments.

Yusko is on record predicting that the Bitcoin price will reach $1 million over the next several decades. He added that he believes there is a 75 percent chance Bitcoin will at least reach $500,000 within the next 20 years.


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