Mark Yusko: Bitcoin Is a “Chaos Hedge, or Schmuck Insurance”

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Morgan Creek Capital CEO Mark Yusko dismisses daily price tracking of Bitcoin, calling the currency a “chaos hedge, or schmuck insurance.” Morgan Creek Capital CEO Mark Yusko called Bitcoin (BTC) a “chaos hedge, or schmuck insurance,” in an interview with CNBC Fast Money on Aug. 14. Yusko made the comment while explaining the folly in paying too much heed to the daily price movements of BTC.Should we park the narrative of Bitcoin price’s correlation with global turmoil?The interviewer noted that people had been making a big thing of BTC’s recent bull run and apparent correlation with global turmoil. As the…
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Mark Yusko: Bitcoin Is a “Chaos Hedge, or Schmuck Insurance”

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