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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHedge fund manager Mark Yusko sees sign of 'very unhealthy markets,' warns stocks are overvaluedMark Yusko, Morgan Creek Capital Management CEO & CIO, joins 'Fast Money' to discuss why he believes the markets may be in trouble.
Persons: Mark Yusko Organizations: Morgan Creek Capital Management Locations: Morgan Creek
Hedge fund manager Mark Yusko is predicting bitcoin will more than double this year to $150,000. Yusko thinks investors should have at least 1% to 3% allocated to bitcoin in their portfolios. Yusko expects the bitcoin halving to lead to a supply shock resulting in another round of major tailwinds for the flagship crypto. The halving, which cuts the bitcoin mining reward in half to limit supply, is expected in late April. Disclosure: Yusko's firms own bitcoin, ethereum, gold, Coinbase and Nvidia.
Persons: Mark Yusko, CNBC's, Yusko, bitcoin Organizations: Morgan, Capital Management, Nvidia
What’s next for Bitcoin and the crypto space
  + stars: | 2024-03-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat’s next for Bitcoin and the crypto spaceMark Yusko, Morgan Creek Capital Management, joins 'Fast Money' to discuss his outlook for the crypto sector as expects it to continue to grow due to the ETFs.
Persons: Yusko Organizations: Bitcoin, Morgan Creek Capital Management Locations: Morgan Creek
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase shares rise amid bitcoin ETF optimism, and U.K. cracks down on crypto ATMs: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sachin Jaitly of Morgan Creek Capital Management breaks down the trend of governments around the globe holding crypto.
Persons: explainers, Sachin Jaitly Organizations: CNBC Crypto, CNBC, Morgan Creek Capital Management Locations: Morgan Creek
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackRock's bitcoin ETF is a validation of crypto's technology, says Morgan Creek's Mark YuskoMark Yusko, Morgan Creek Capital Founder, CEO & CIO, joins 'Closing Bell Overtime' to talk BlackRock's new Bitcoin ETF and what it means for both traditional finance and the crypto space moving forward.
Persons: Morgan Creek's Mark Yusko Mark Yusko Organizations: Morgan Creek Capital Locations: Morgan Creek
OAKLAND, Calif., Feb 23 (Reuters) - Tel Aviv-based blockchain chip startup Chain Reaction on Thursday said it raised $70 million which will be used to expand its engineering team as it develops its next chip and rolls out its first one to the market this year. Alon Webman, co-founder and CEO of Chain Reaction, told Reuters that the company will start mass producing its blockchain chip Electrum in the first quarter this year. He said the chip is designed to carry out blockchain operations called "hashing" very fast and power efficiently and also can be used for mining digital currencies like bitcoin. He is the co-founder of Mellanox Technologies Ltd., a datacenter networking chip company that U.S. chip supplier Nvidia Corp (NVDA.O) bought for nearly $7 billion in 2020. The latest funding round was led by Morgan Creek Digital, a venture capital firm specializing in blockchain technology, AI, and digital assets, and brings the total raised to $115 million.
In the song “Copperline,” James Taylor sings about the Morgan Creek neighborhood where he grew up in Chapel Hill, N.C., lamenting the overdevelopment that has since changed the area. “I tried to go back, as if I could, all spec houses and plywood, tore up and tore up good,” the song goes. The lyrics refer to “the McMansions speculators tend to drop everywhere,” Mr. Taylor explained in an email.
The Web3 reinsurance company Re has raised $14 million from investors such as Tribe Capital. Now he's seeking to apply Web3 tools to make that industry, which is dominated by firms such as Munich Re and Lloyds of London, more accessible. The company participated in Tribe Capital's crypto incubator, Tribe Crypto Labs, and its other investors include Defy, Exor, Stratos, Framework, Morgan Creek Digital, and SiriusPoint. Cover started out as a search tool for insurance policies but then became an insurer in its own right. Like other financial products, such as mortgages and loans, insurance policies can be bundled up and sold as securities.
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