Mark Yusko Claims Trump Is Buying XRP, BTC, and HBAR: New ETF Approvals Ahead?
Anjali Belgaumkar20 Dec 20242 min read
Mark Yusko of Morgan Creek Capital Management, recently opened up about Trump’s approach to cryptocurrencies, revealing that Trump and his son are heavily investing in assets like HBAR and XRP, which might be approved for ETFs next year. He also said that Trump is heavily investing in Bitcoin as well.
In an interview with Scott Melker, he said that here’s even talk about exempting the U.S.-based cryptocurrencies from capital gains tax. This move could create a major shift in how crypto is treated in the U.S. market.
Despite XRP’s massive market cap, Yusko isn’t a fan. He believes XRP and Cardano lack real development. Unlike Circle’s stablecoin, which is backed by actual dollars, Yusko sees these coins as missing true innovation, even though they have high market value.
Pro-Crypto Leadership: A Shift in Power
Yusko also touched on Trump’s visit to Nashville, where he spoke directly to voters. He mentioned Trump’s promises, including firing SEC head Gary Gensler, and how Trump is under pressure to make moves, such as freeing Ross Ulbricht and creating a Bitcoin Strategic Reserve.
Yusko believes the current U.S. leadership is largely supportive of crypto. Key figures like Scott Bessent and the new SEC head are crypto-friendly, which could lead to positive changes in the industry. It’s a shift that could help propel the crypto market forward.
The Technologist Revolution: Billionaires Taking Control
Yusko said that it’s not just Trump – the real story is the rise of “technologist billionaires.” These innovators are pushing for changes that benefit both the tech industry and the nation. It’s not about political parties anymore; it’s about the tech leaders who want to shape the future.
With all these shifts in power, Yusko believes we’re entering a new phase for crypto, one driven by smart, tech-savvy leaders. Trump, learning from global leaders like Putin, seems ready to let these experts lead the charge in innovation.
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