During a recent appearance on CNBC's Fast Money, Mark Yusko, founder of Morgan Creek Capital Management, reiterated his bullish stance on digital assets, emphasizing their importance in investment portfolios. According to Yusko, incorporating digital assets into portfolios provides diversification benefits, as they are uncorrelated with traditional financial assets and derive their value from different sources.

Yusko expressed confidence that the introduction of Bitcoin exchange-traded funds (ETFs) would lead to a decrease in cryptocurrency volatility. He anticipated that this reduction in volatility would pave the way for higher cryptocurrency prices. Yusko went further to predict that the total assets under management (AUM) of Bitcoin ETFs could skyrocket to $300 billion, fueled by the influx of retail and advisory funds into the space.

Drawing on historical data, Yusko forecasted that Bitcoin's price could surge to as high as $150,000 this year, despite already reaching new all-time highs. He referenced predictions by other experts, such as top trader Peter Brandt, who suggested a similar peak for Bitcoin by 2025.

Yusko also highlighted the favorable conditions for commodities, noting that they are currently at historically low prices compared to paper assets. He emphasized the resilience of commodities in the face of market fluctuations, suggesting that they hold an advantageous position in investment portfolios.

In summary, Yusko's bullish outlook on crypto remains unwavering, fueled by his belief in the diversification benefits of digital assets and the potential for significant growth, particularly with the introduction of Bitcoin ETFs.