Mark Yusko: Bitcoin's Rise is Programmed - The Path from Speculation to Global Money

Mark Yusko of Morgan Creek Capital discusses the evolution of Bitcoin adoption, moving from institutional spot ETFs and corporate treasuries to individual savers seeking a store of value. He argues that Bitcoin's classification as a commodity was a strategic hurdle, criticizes the influence of CME futures on price discovery, and asserts that the failure of the CLARITY Act (US digital-asset market-structure bill) does not hinder a permissionless asset.