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The CEO of Morgan Creek Capital, Mark Yusko, discussed the advantages of Bitcoin over precious metals and fiat currencies.
He stated that Bitcoin cannot be secretly manipulated, is beyond control, and its code cannot be altered, while governments cannot simply block it. “Bitcoin has no backdoor,” Yusko responded to a user named Nonzee, who claimed that financial firms on Wall Street had created a “loophole” in Bitcoin and could significantly influence its price.
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Neither large corporations nor insider groups can dictate terms to Bitcoin. All transactions involving the asset occur within a decentralized network with open-source code. Unlike fiat money, gold, or silver, Bitcoin’s supply is limited. This scarcity and the predictable, fixed number of coins enhance the asset’s value, determining its market price, Yusko noted.
He acknowledged that large Bitcoin holders can manipulate the cryptocurrency’s price temporarily, but in the long run, the balance of supply and demand prevails. The price of Bitcoin fluctuates according to scarcity, distribution, actual market demand, and available supply, Yusko emphasized.
In October 2025, Bitcoin surpassed $126,000, reaching a new all-time high. Currently, the leading cryptocurrency is experiencing a prolonged bearish trend—just days ago, it dropped to $60,000 but later rebounded to $70,000.
Last year, Mark Yusko suggested to the Trump administration that the national crypto reserve should include not only Bitcoin but also other cryptocurrencies: XRP, Cardano, and Hedera.
