EXCLUSIVE: Yusko Calls Out Warren Buffett, 'The Reason Warren Wants To P--- On Bitcoin Is...'
Portfolio Pulse from Chris Katje
Mark Yusko, CEO of Morgan Creek Capital Management, predicts Bitcoin could hit six-figures in 2024 and criticizes Warren Buffett's stance on Bitcoin. Yusko argues that Bitcoin threatens the $7 trillion a year trust industry, a large portion of Buffett’s portfolio. Yusko also discussed the rise of inflation and the devaluation of the U.S. dollar, and sees Bitcoin replacing gold in the future.
September 29, 2023 | 5:24 pm
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POSITIVE IMPACT
Mark Yusko predicts Bitcoin could hit six-figures in 2024 and sees it replacing gold in the future.
Mark Yusko's positive outlook on Bitcoin and his prediction of it hitting six-figures in 2024 could potentially drive up its price in the short term.
CONFIDENCE 80
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Apple, a part of Warren Buffett's portfolio, could be indirectly impacted by the rise of Bitcoin.
As Apple is a part of Warren Buffett's portfolio, the rise of Bitcoin, which threatens the trust industry, could indirectly impact Apple.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Warren Buffett's Berkshire Hathaway could be impacted by the rise of Bitcoin, as it threatens the trust industry, a large portion of Buffett’s portfolio.
The rise of Bitcoin, which threatens the trust industry, could potentially impact Berkshire Hathaway's portfolio, which has a large portion in the trust industry.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Warren Buffett's Berkshire Hathaway could be impacted by the rise of Bitcoin, as it threatens the trust industry, a large portion of Buffett’s portfolio.
The rise of Bitcoin, which threatens the trust industry, could potentially impact Berkshire Hathaway's portfolio, which has a large portion in the trust industry.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Wells Fargo, a part of Warren Buffett's portfolio, could be indirectly impacted by the rise of Bitcoin.
As Wells Fargo is a part of Warren Buffett's portfolio, the rise of Bitcoin, which threatens the trust industry, could indirectly impact Wells Fargo.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 60