Morgan Creek CIO predicts BTC bottom around Oct. 5, sold 90% of Solana

Mark Yusko, CIO of Morgan Creek Capital, stated on Sept. 6 that Bitcoin's recent rebound appears overbought in a bear market, predicting a cycle bottom around Oct. 5, 364 days after the previous peak. He estimated Bitcoin's value at approximately 105000 based on Metcalfe's law, user numbers, and trading volume, while suggesting a potential short-term correction to around 58000, near mining power-cost levels. Yusko recommended a 5% to 10% Bitcoin allocation for general investors and advised individuals under 35 to focus on volatile assets like stocks and cryptocurrencies instead of bonds. He also revealed he sold 90% of his Solana holdings after achieving returns of about 1000x. Yusko emphasized that altcoin tokens have structural limitations due to a lack of claims on fee revenue or cash flow, and he highlighted the need to distinguish network utility tokens from Bitcoin as a unique store of value.

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