Published on March 30 2018

Why This Billionaire Just Made a $500 Million Bet on Blockchain

By Justin Spittler, editor, Casey Daily Dispatch

Mark Yusko just went all in on crypto.

You may not have heard of Yusko, but he’s a huge player in the finance world. He manages around $2 billion at Morgan Creek Capital. But unlike some of his peers, Yusko isn’t anti-bitcoin. Instead, he’s one of the biggest bitcoin bulls on Wall Street.

In fact, he thinks that the price of bitcoin will eventually hit $400,000. That’s more than 50 times higher than its current price.

That’s a bold call. But Yusko isn’t just talking up bitcoin.

He’s putting his money where his mouth is…

• Morgan Creek announced two days ago that it bought a crypto hedge fund…

The fund is called Full Tilt. It’s entirely focused on cryptos and the blockchain, which is the technology that underpins every cryptocurrency on the planet.

As part of the acquisition, Morgan Creek is looking to raise $500 million. That would make this the largest crypto fund on the planet. It would also amount to about a quarter of the money that Morgan Creek currently oversees.

Investors like Yusko don’t make these kinds of trades unless they have extremely high conviction in the idea.

So, why do this? Simple.

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• Yusko believes blockchain will radically transform the world…

Here’s a recent statement from the man himself:

Morgan Creek believes blockchain to be one of the most powerful and valuable technologies to have been developed in the digital age and also believes that the disruptive power of the application of blockchain technology across all asset classes will create enormous investment opportunities.

In other words, Yusko thinks blockchain is big… really big.

Now, he could be wrong, and this massive bet could blow up in his face. But I wouldn’t count on it.

• The world’s tech giants are betting on blockchain, too…  

Take Alphabet, Google’s parent company. Last week, it announced that it’s working to use blockchain in its cloud computing business.

IBM, another U.S. tech giant, wants to bring blockchain to the masses.

In fact, it announced last Wednesday it’s going to soon launch a Blockchain Platform Starter Plan. This platform will allow small businesses to test out IBM’s own blockchain network.

That same day, Bloomberg reported that Huawei is looking into developing a phone based on blockchain technology.

Huawei is one of China’s biggest companies, and the third-largest handset maker on the planet after Apple and Samsung. And it’s looking at blockchain for the same reason as IBM. It wants to bring the “blockchain technology to the masses in a secure way.”

And here’s the thing…

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• All this good news about blockchain came out in the last week or so…

Some folks might find that hard to believe. After all, we’re talking about some of the biggest technology companies on the planet.

But I read stories like this almost every day. And that’s because practically every major company is looking at the blockchain. But many aren’t just curious about this technology. They’re way past that.

Now, they’re looking for ways to incorporate the blockchain into their businesses. Some companies, like IBM, are even developing their own blockchain applications and platforms.

This is a huge deal. It tells us blockchain isn’t a fad. It’s here to stay. And it’s going to change your life in ways that you can’t even imagine.

• The average person has no idea what’s coming

That’s because they only think of bitcoin when they hear the word “blockchain.”  

And I get that. Bitcoin is the world’s biggest cryptocurrency. It was also the first cryptocurrency. Without it, the blockchain wouldn’t exist.  

But blockchain is much more than bitcoin. It’s actually much bigger than just digital money.

Soon, it will be used in everything from title transfers to online gambling to counterfeit goods prevention.

• This is why blockchain is probably the most revolutionary technology since the internet…

It’s also why Yusko just made a massive bet on blockchain. It’s a once-in-a-generation type of opportunity.

Unfortunately, the average investor won’t take advantage of this. He’ll wait until the blockchain touches every aspect of his life.

By then, it will be too late. The big money will have been made.

So, consider betting on the blockchain if you haven’t yet. The easiest way to do this is to buy bitcoin or another major cryptocurrency like ether.

Just understand that we’re still in the very early innings of the blockchain life cycle. So, be sure to treat any crypto bet as a speculation.

Only invest money you can afford to lose. Use stop losses. And take profits when they come.

Regards,

Justin Spittler
Tulum, Mexico
March 30, 2018

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