Morgan Creek CIO: "Bitcoin Bottom on October 5... Sold 90% of Solana"

Mark Yusko, founder and chief investment officer (CIO) of crypto-focused asset manager Morgan Creek Capital Management, said Bitcoin has not yet escaped its danger zone and predicted that this cycle's bottom will form in early October. Even with roughly half of his portfolio allocated to Bitcoin-related assets, he did not rule out further downside in the near term.

In an interview with the Crypto Banter podcast released on the 6th (local time), Yusko said approximately 50% of his portfolio consists of Bitcoin and Bitcoin-linked assets. Venture capital investments account for 45%, with cash and short-term assets at 10%. He added that such a high allocation was not intentional from the start, but rather grew naturally as the value of his investments appreciated.

On the Bitcoin allocation he recommends for ordinary investors, he said "everyone should hold around 5%, 8%, or 10%." He stressed, however, that allocation should vary by age. For investors under 35, he went so far as to say "I think owning bonds should literally be illegal." His reasoning: young investors should prepare for stock market volatility and currency debasement rather than avoiding risk through fixed-income assets like bonds.