---
title: "People who are watching the daily price of Bitcoin are really missing the whole point | ICOLINK"
description: "According to Morgan Creek Capital CEO Mark Yusko, amid the declining market for traditional assets, Bitcoin could become a hedge against chaos.Yusko noted that the state of the global economy is deteriorating. Against this background, Bitcoin looks like a completely safe asset and its status will"
url: "https://icolink.com/ico-news/mark-yusko-people-really-missing-the-whole-point.html"
markdown_url: "https://icolink.com/ico-news/mark-yusko-people-really-missing-the-whole-point.html.md"
date: "2026-06-30T00:13:55+00:00"
language: "en-GB"
---

# People who are watching the daily price of Bitcoin are really missing the whole point

> According to Morgan Creek Capital CEO Mark Yusko, amid the declining market for traditional assets, Bitcoin could become a hedge against chaos.Yusko noted that the state of the global economy is deteriorating. Against this background, Bitcoin looks like a completely safe asset and its status will

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Monday, 19 August 2019

According to Morgan Creek Capital CEO Mark Yusko, amid the declining market for traditional assets, Bitcoin "could become a hedge against chaos."

Yusko noted that the state of the global economy is deteriorating. Against this background, Bitcoin looks like a completely safe asset and its status will only be strengthened in the near future.

> "We are now seeing the largest credit bubble in history. I think that soon the whole world's traditional financial system will begin to crumble. This issue has been discussed since last fall, when markets began to demonstrate the behavior of 2000-2002. In 2001, there was a slight recession, but in 2002 the bubble burst and swallowed up companies such as Enron and WorldCom. I think that the same thing is starting to happen, as there are so many over-credited companies in the world,"
>
> Yusko said in a [conversation with CNBC](https://twitter.com/CNBCFastMoney/status/1161755171006926854?s=20).

**"People who are watching the daily price of Bitcoin are really missing the whole point. This is a hedging tool or fraud insurance, as I like to call it. Each year, the minimum Bitcoin is always higher than in the previous one. To date, fiat and stock markets have accumulated a lot of problems and risks that need to be hedged. That is why it is necessary to strive to own a part of the Bitcoin network. At least 1-5% of the capital of any investment portfolio must be accounted for by Bitcoin."**

Yusko previously stated, "Every investor must have Bitcoin in his portfolio," and that "Bitcoin will easily rise to the range of $ 50,000- $ 100,000 by 2021."

[SOURCE](https://cointelegraph.com/news/mark-yusko-bitcoin-is-a-chaos-hedge-or-schmuck-insurance)

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