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Fayil ɗin Ɗan Kasuwa · Macro / Asusun Gado · Manajan Asusu
Mark Yusko

Mark Yusko

@MarkYusko

~200K a XMorgan Creek wanda ya kafa & CIOSamfurin asusun gado mai saka jari

Manajan asusun gado da ke magana kan darajar gaskiya, ba burin farashi ba. Yusko yana gudanar da bitcoin ta hanyar samfurin darajar hanyar sadarwa, yana saya idan samfurin ya ce yana da arha, kuma yana sanya kwanan wata kan zagayen kasuwa — abin da ya sa ake iya duba shi ta hanyar da ba a saba ba, kuma hakan ya sa ana iya duba kurakuransa.

Sunan gaske Mark W. YuskoMayar da hankali bitcoin · macro · zagayeKamfanoni Morgan Creek Capital · Morgan Creek DigitalWurin zama Chapel Hill, Amurka
7Kiran da aka bibiya2Ya cika3Har yanzu a buɗe2Ya juya bayaSee the record →

A taƙaice. Mark Yusko shi ne wanda ya kafa, Shugaba kuma babban jami'in saka hannun jari na Morgan Creek Capital Management, kuma kafin nan ya jagoranci asusun gado na Notre Dame da na UNC Chapel Hill. A cikin crypto shi murya ce ta macro da kimanta daraja, ba mai zana chart ba: ya dogara da samfurin darajar hanyar sadarwa bisa dokar Metcalfe (wanda manazarci Tim Peterson ke gudanarwa) wanda ya sanya darajar gaskiya ta bitcoin kusa da $105,000, kuma yana tarawa duk lokacin da farashi ya sauka kasa da haka. Ya kuma yi imani da zagayen shekara huɗu har zuwa rana ɗaya, yana ambaton 5 ga Oktoba 2026 a matsayin juyin zagayen. Wannan tsarin ya kusan daidai wajen faɗin zurfin ƙasan bana — kuma ya yi kuskure sosai kan lokaci, sau biyu.

Tarihi — daga asusun gado na Notre Dame zuwa „Two Point One Quadrillion“

Yusko (an haife shi 1963, ya girma a Seattle) yana da BS daga Notre Dame da MBA daga Jami'ar Chicago. Ya shiga ofishin saka jari na Notre Dame a matsayin assistant investment officer a Oktoba 1993 kuma ya kasance senior investment director a can har 1998, sannan ya kafa ya kuma jagoranci UNC Management Company, ofishin saka jari na asusun gado na Jami'ar North Carolina a Chapel Hill, daga 1998 zuwa 2004. Ya kai „samfurin asusun gado“ mai nauyi kan kadarorin madadin zuwa wuraren biyu. A 2004 ya kafa Morgan Creek Capital Management, kuma a 2018 Morgan Creek Digital, wanda ya haɗa kai da Bitwise don ƙaddamar da Digital Asset Index Fund na cibiyoyi. Wata hira ta 2026 ta bayyana reshen dijital a matsayin mai gudanar da $3.2 billion of assets under advisement.

Tarihin aikinsa ba mai kyau ba ne gaba ɗaya, kuma fayil ɗin ya faɗi haka: Endowment Fund, haɗin gwiwarsa da Salient Partners, ya girma zuwa kusan $3.5 billion kafin matsalolin aiki su kai ga cire shi daga ciki a Janairu 2013. A crypto kwarin gwiwarsa tsoho ne — sunansa a X, „Two Point One Quadrillion“, shi ne adadin satoshi da ke wanzuwa — haka kuma lambarsa ta dogon lokaci: a hira ta 15 ga Fabrairu 2026 ya ce yana jin „pretty comfortable“ cewa bitcoin zai kai $600,000–$700,000 by September 2029. Wannan hirar ta ƙunshi kiran da wannan fayil ɗin ba zai iya jera shi a chart ba amma ba zai ɓoye shi ba: ya sanya ƙasan wannan zagayen a $58,000–$63,000 yana zuwa kusan 30 ga Satumba–1 ga Oktoba 2026. Matakin ya kusan cika — ƙasan bitcoin zuwa yanzu shi ne $58,566 — amma ya faru a 1 ga Yuli, watanni uku da wuri, kuma a cikin watannin da suka wuce yana gaya wa mutane cewa ƙasan ya riga ya zo.

Sources: morgancreekcap.com · Bitcoin Magazine · Yahoo Finance / Benzinga / Stocktwits · Coinage · NewsBTC · Cointelegraph

Salon ciniki & falsafa

Kimanta daraja da farko, macro bisa agogon asusun gado. Yusko ba ya zana layin yanayi. Yana tambaya nawa ne darajar hanyar sadarwa — dokar Metcalfe da aka yi amfani da ita kan masu amfani da bitcoin da ma'amalolinsa, ta samfurin Tim Peterson — sannan yana saya kowane mako idan farashi yana ƙasa da wannan lambar, ba tare da ƙoƙarin zaɓar ranar ba. A kewaye da hakan akwai karatun daga sama zuwa ƙasa kan ruwan kuɗi, raguwar darajar kuɗin fiat, matsayi a kasuwar futures, da zagayen halving na shekara huɗu, wanda yake ɗauka a matsayin kalanda mai daidaito na 364 kwanaki daga ƙolin da ya gabata. Ƙarfinsa shi ne ci gaba da siya a cikin faɗuwar da ke tsoratar da kowa. Rauninsa shi ne wannan halin: samfurin da ya ce „arha“ a $70,000 zai ce „arha“ a $60,000 ma, kuma hasashensa kan lokacin zagayen ya sha zuwa da wuri.

Kayan aiki · yadda kowanne ke bayyana a cikin bidiyo 10 na baya-bayan nan da muka bincika
Metcalfe / darajar gaskiya ta hanyar sadarwa10/10
Macro & ruwan kuɗi9/10
Lokacin zagayen shekara huɗu8/10
Ladabin siyan mako-mako9/10
Kasuwar futures / gudanar kuɗi7/10
Matakan gajeren lokaci3/10
Matsayin kasuwa
CapitulationNeutralAccumulateEuphoria

A tsari yana da kwarin gwiwa sosai kan bitcoin (darajar gaskiya $105,000 a kan farashin ~$75–80k, burin $600–700k na 2029), amma a bayyane yana taka tsantsan a gajeren lokaci — tun a 6 ga Satumba har yanzu yana kiran kasuwar „bear market action“ kuma yana nuni ga 5 ga Oktoba. Yana da ra'ayin faɗuwa kan alamun mulki (governance tokens), haɗe da ETH da SOL.

Yi ciniki da wannan salonƘalubalen Mai Tara Darajar Gaskiya — sayi samfurin, ba ƙasan baShiga kyauta →

Tarihin hasashe — kiraye-kirayensa, a jadawali

Maganganu masu kwanan wata da Yusko ya yi a podcasts da hirarraki na bidiyo, waɗanda kafofin watsa labarai na waje suka rubuta kalma-da-kalma, an jera su kan farashin gaske. Shi murya ce ta kimanta daraja da zagaye, don haka kiransa na nuni da kwanan wata ne maimakon matakan farashi na kusa — mun auna kowanne bisa abin da bitcoin (ko Solana) ya yi bayan haka. Samfurin 2026 da ke ƙasa ba abin alfahari ba ne a tsakiya: ya bayyana cewa ƙasan ya riga ya zo a 11 ga Maris sannan kuma a 18 ga Mayu, sai bitcoin ya faɗi zuwa $58,566 a 1 ga Yuli. Abin da ya yi daidai watakila ya fi amfani — yana siya kowane mako a duk hanyar saukar, kuma kiransa na tarawa na 11 ga Yuli da 16 ga Satumba duka sun yi aiki. Kiransa na 15 ga Fabrairu, wanda ke wajen taga, ya kusan daidai kan matakin ƙasan amma ya makara da kwanan wata da watanni uku; yana cikin rubutun da ke sama, ba a wannan chart ba, domin taga farashin tana farawa 23 ga Fabrairu 2026.

7
Kiran da aka bibiya
2
Ya cika
3
Har yanzu a buɗe
2
Ya juya baya
An zana kowane kiran daga ranar da aka faɗe shi har zuwa yau · white = lokacin da ya faɗa · red = the low that came after · green = now. Hover the line for any day. Prices: CoinGecko daily. Yadda muke ba da maki →
16 Sep 2026BTC
Ya sayi rangwamen

“Okay, so it’s on sale — you should accumulate things that are on sale.”

$76.6k$78.2k$79.9k▲ said 16 Sep
BTC $75.6kMatsakaici bayan $75.6k · +0%Now $80.4k
$1,000 da aka saka a kan wannan kiran$1,063 · +6.3%mummunan sauka a hanya +0% (−$0)

A Bitcoin Magazine TV, tare da BTC a $75,590, ya sanya darajar gaskiya a $105,000 bisa dokar Metcalfe kuma ya ce wannan gibin ya sa ya zama abin saya. Bayan kwanaki huɗu hakan yana aiki: BTC bai sauka ƙasa da haka ba tun daga lokacin, ya hau zuwa $81,236 (+7.5%) kuma yana a $80,368 (+6.3%). Taga gajere — amma hanyar ta yi daidai nan take.

SourceBitcoin Is On Sale, Says Morgan Creek CEO Mark Yusko — Bitcoin Magazine↗ bitcoinmagazine.com
6 Sep 2026SOL
Ya sayar da mafi kyawun ciniki na rayuwarsa

“We sold 90% of it.”

$99.88$105$110Sep▲ said 6 Sep
SOL $103Matsakaici bayan $96.87 · -6%Now $108
$1,000 da aka saka a kan wannan kiran$1,050 · +5.0%mummunan sauka a hanya -6% (−$61)

Ya bayyana cewa ya fita daga kusan dukkan matsayin Solana da ya kira mafi kyawun saka jari a rayuwarsa — kusan 1,000x kan rabon Morgan Creek a asusun farko na Multicoin — saboda dalilai na mulki, ba farashi ba. Bayan makonni biyu fitar ta ɗan koma masa baya: daga $103 SOL ya sauka zuwa $97 (−6.1%), sannan ya hau zuwa $113 (+9.2%) kuma yana a $108 (+5.0%). Da wuri sosai a auna fita ta shekaru — a buɗe.

SourceMark Yusko Dumps 90% Of Solana, Warns Of More Pain For BTC — Stocktwits via Yahoo Finance↗ finance.yahoo.com
6 Sep 2026BTC
Ra'ayin 5 ga Oktoba · a buɗe

“I don’t think we’re out of the woods yet.”

$76.7k$78.4k$80.2kSep▲ said 6 Sep
BTC $79.8kMatsakaici bayan $75.6k · -5%Now $80.4k
$1,000 da aka saka a kan wannan kiran$1,007 · +0.7%mummunan sauka a hanya -5% (−$53)

Tare da BTC a $79,822 ya kira kasuwar „super, super overbought“, ya ce matsin short ɗin „still bear market action“ ne, ya sanya ƙasan zagayen a 5 ga Oktoba (kwanaki 364 bayan ƙolin) kuma ya yi gargaɗin cewa farashi na iya sauka zuwa kusan $60,000 tukuna. Ya zuwa yanzu saukar ƙarama ce: ƙasan $75,590 (−5.3%), sama $81,236 (+1.8%), yanzu $80,368 (+0.7%). Ba $60k ba kuma ba kwanan watansa ya zo ba — a buɗe.

SourceMark Yusko Dumps 90% Of Solana, Warns Of More Pain For BTC — Stocktwits via Yahoo Finance↗ finance.yahoo.com
11 Jul 2026BTC
Ya ci gaba da siya a ƙasan

“So we’ve been buying a little bit every week since February, and we’ll continue to do that... probably through October or so.”

$62.9k$69.9k$77.0kJulAugSep▲ said 11 Jul
BTC $64.1kMatsakaici bayan $62.3k · -3%Now $80.4k
$1,000 da aka saka a kan wannan kiran$1,254 · +25.4%mummunan sauka a hanya -3% (−$29)

Mafi kyawun kiransa na shekarar, kuma ya yi shi ba tare da ambaton wani matakin farashi ba. Yana magana da Cointelegraph kwanaki goma bayan ƙasan bitcoin na $58,566, tare da BTC a $64,111, ya ce Morgan Creek na siya kowane mako tun Fabrairu a kan darajar gaskiya ta $105,000–$108,000 kuma zai ci gaba har Oktoba. Sai BTC ya hau zuwa $81,265 (+26.8%) kuma yana a $80,368 (+25.4%), inda mafi zurfin saukar a hanya ya kai −2.9% kawai.

SourceSpaceX Is ‘The Equivalent Of Dogecoin’ And Bitcoin Is The One That’s Actually Cheap — Stocktwits via Yahoo Finance↗ finance.yahoo.com
18 May 2026BTC
Ya yi shelar ƙasan da wuri

“The little flows are real. The big flows usually are not.”

$63.0k$70.3k$77.6kMayJunJulAugSep▲ said 18 May
BTC $77.4kMatsakaici bayan $58.6k · -24%Now $80.4k
$1,000 da aka saka a kan wannan kiran$1,038 · +3.8%mummunan sauka a hanya -24% (−$244)

Da take ba da rahoton hirarsa da Scott Melker a 14 ga Mayu, rubutun ya ce ya yi imani bitcoin ya riga ya samu ƙasan kusa da ƙananan ɓangaren $60,000 kuma ya yi watsi da ranar fitar $630M daga ETF a matsayin cinikin basis na hedge fund maimakon sayarwa ta gaske. Karatun gudanar kuɗin yana da hujja; kiran ƙasan babu. Daga $77,429 BTC ya faɗi da −24.4% zuwa $58,566 a 1 ga Yuli — ya ratsa ƙasan da ya kira — kuma bayan watanni huɗu yana +3.8% kawai.

SourceMark Yusko Says Look Past Bitcoin ETF Outflows: ‘Bear Markets Are Over’ — Benzinga via Yahoo Finance↗ finance.yahoo.com
24 Apr 2026BTC
Sharaɗin da bai taɓa cika ba

“If CLARITY does pass, we probably extend the bear market longer.”

$63.0k$70.3k$77.6kAprMayJunJulAugSep▲ said 24 Apr
BTC $78.3kMatsakaici bayan $58.6k · -25%Now $80.4k
$1,000 da aka saka a kan wannan kiran$1,027 · +2.7%mummunan sauka a hanya -25% (−$252)

Ya kira CLARITY Act „a horrible bill“ da manyan bankuna suka rubuta kuma ya ɗaure zagayen kasuwa da shi: idan ya wuce, kasuwar faɗuwa za ta daɗe; idan ya faɗi, shiga „crypto spring“ zai zo kafin Satumba–Oktoba. Dokar ta faɗi a zaɓen cloture na Majalisar Dattawa da 49–50 a 15 ga Satumba, don haka abin da ya ce zai jawo bai taɓa faruwa ba — kuma farashi bai yi ko ɗaya daga cikinsu a sarari ba. Daga $78,275 BTC ya hau zuwa $82,018 (+4.8%) a 11 ga Mayu, ya rushe da −25.2% zuwa $58,566, kuma ya dawo $80,368 (+2.7%). Bai warware ba maimakon ya yi daidai — a buɗe.

Source‘Horrible Bill’: Yusko Says CLARITY Act Could Extend Crypto Bear Market — Benzinga via Yahoo Finance↗ finance.yahoo.com
11 Mar 2026BTC
„Mun ga ƙasan“ — ba mu gani ba

“I think the worst of the selling has occurred… We probably have seen the lows.”

$63.0k$70.3k$77.6kMarAprMayJunJulAugSep▲ said 11 Mar
BTC $69.8kMatsakaici bayan $58.6k · -16%Now $80.4k
$1,000 da aka saka a kan wannan kiran$1,151 · +15.1%mummunan sauka a hanya -16% (−$162)

Tare da BTC kusan $69,849 ya gaya wa Coinage cewa sayarwar ta ƙare kuma ya yi tsammanin kewayon daga ƙananan $60,000 zuwa ƙananan $80,000 a duk lokacin bazara. Kewayon ya kusan yi daidai; ƙasan bai yi ba. Bitcoin ya rasa −16.2% zuwa $58,566 a 1 ga Yuli — ƙasa da iyakar ƙasan bandinsa — kafin ya dawo $80,368 (+15.1%). Duk wanda ya karanta „ƙasan ya zo“ a matsayin izinin daina taka tsantsan ya ɗauki dukkan faɗuwar.

SourceThe Worst of Bitcoin’s Selloff May Be Over, Says Mark Yusko — Coinage↗ coinage.media

Sakamakon shi ne yadda muka karanta matsayin da ya bayyana a kan farashin gaske, ba nasa maki ba. Kowane kira yana haɗe da shafin da muka ɗauko, kuma an sake duba kowace magana da wannan shafin a 20 ga Satumba 2026. Kiransa na 6 da 16 ga Satumba kwanaki kaɗan ne, kuma kwanan wata nasa na zagaye (5 ga Oktoba) bai zo ba — alamun gajeren lokaci na iya juyawa.

Yadda ake samun kuɗi a nan — da inda rikicin buƙatu yake

Yusko ba ya sayar da sigina ko kwas. Yana gudanar da kamfani, kuma abin da ya kamata a sani a bayyane yake: mai rarraba jari ne da ke magana kan nasa matsayin a talabijin, da asusu da buri na dogon lokaci a bayansa.

Morgan Creek Capital Management

Kamfaninsa, wanda aka kafa 2004 — ayyuka na cikakken iko da na ba da shawara bisa samfurin asusun gado. Kwarin gwiwarsa a fili kan bitcoin ba za a iya raba shi da kasuwancin da ke rarraba jari a cikinsa ba.

Morgan Creek Digital

Reshen kadarorin dijital na 2018, wanda ya haɗa kai da Bitwise kan asusun index na cibiyoyi; wata hira ta 2026 ta sanya shi a $3.2 billion of assets under advisement.

Nasa matsayin, da ya faɗa a gidan talabijin

Ya ce kusan rabin dukiyarsa tana cikin bitcoin da kadarorin da ke da alaƙa da bitcoin, yayin da yake ba wa wasu shawarar „five, eight, or ten percent“ — bayyanawa mai gaskiya ta hanyar da ba a saba ba, kuma dalili na rage nauyin tsananin hujjarsa ta tashin farashi.

Yana adawa da alamun da ba shi da su

Alamun mulki waɗanda ba su da wani hakki kan kuɗaden hanyar sadarwa — yana ambaton Ethereum da Uniswap tare da Solana — yana kiran su „kind of scammy“. Karanta kwatancensa na bitcoin da altcoins kana sane da inda matsayinsa yake.

Ra'ayoyi na musamman

“Okay, so it’s on sale — you should accumulate things that are on sale.”

16 Sep 2026 · ƙa'idar kimanta daraja a layi ɗaya

“So we’ve been buying a little bit every week since February, and we’ll continue to do that... probably through October or so.”

11 Jul 2026 · yadda yake aiwatar da ita a zahiri

“I think the worst of the selling has occurred… We probably have seen the lows.”

11 Mar 2026 · kiran da ya ci tsada, watanni huɗu da wuri

“I don’t think we’re out of the woods yet.”

6 Sep 2026 · har yanzu yana taka tsantsan zuwa kwanan watansa na 5 ga Oktoba

An ɗauko maganganun daga tushen jama'a nasa; ra'ayoyi ne da aka bayyana, ba shawarwari ba.

Amsoshi kai tsaye

Wane ne Mark Yusko?+

Mark W. Yusko (an haife shi 1963) shi ne wanda ya kafa, Shugaba kuma babban jami'in saka hannun jari na Morgan Creek Capital Management, wanda ya fara a 2004. Kafin nan ya jagoranci asusun gado na Jami'ar North Carolina a Chapel Hill a matsayin shugaban UNC Management Company (1998–2004) kuma ya kasance senior investment director a ofishin saka jari na Notre Dame (1993–1998). Ya kafa Morgan Creek Digital a 2018 kuma yana cikin masu kwarin gwiwa kan bitcoin a matakin cibiyoyi mafi daɗewa.

Menene hasashen farashin bitcoin na Mark Yusko?+

Lambobi biyu, duka biyu masu kwanan wata da tushe a wannan shafin. A gajeren lokaci ya dogara da samfurin darajar hanyar sadarwa bisa dokar Metcalfe na manazarci Tim Peterson, wanda ya sanya darajar gaskiya ta bitcoin kusan $105,000 a 16 ga Satumba 2026 — a kan farashin kasuwa kusan $75,000. A dogon lokaci, a hira ta 15 ga Fabrairu 2026, ya ce bitcoin zai kai $600,000–$700,000 kafin Satumba 2029.

Shin Mark Yusko ya yi daidai kan bitcoin?+

Cakuɗe, kuma chart ɗin da ke sama ya nuna ɓangarorin biyu. Ya yi shelar ƙasan a 11 ga Maris sannan kuma a 18 ga Mayu 2026, sai bitcoin ya faɗi zuwa $58,566 a 1 ga Yuli — waɗannan su ne alamominsa ja biyu. Amma yana siya kowane mako a duk faɗuwar, kuma kiransa na tarawa na 11 ga Yuli da 16 ga Satumba suna +25.4% da +6.3%. Kiransa na Fabrairu ya kama matakin ƙasan ($58,000–$63,000) kusan daidai amma ya kuskure kwanan wata da watanni uku.

Menene dabarar Mark Yusko?+

Kimanta daraja da farko, kuma a hankali. Yana ƙididdige darajar hanyar sadarwar bitcoin ta dokar Metcalfe, yana siya kowane mako duk lokacin da farashi ke ƙasa da wannan darajar gaskiya maimakon ƙoƙarin kama ƙasan, kuma yana ɗora zagayen halving na shekara huɗu da yake sanya masa kwanan wata daidai — kwanaki 364 daga ƙolin da ya gabata, wanda ya sanya juyin wannan zagayen a 5 ga Oktoba 2026. Yana guje wa leverage da matakan gajeren lokaci gaba ɗaya, kuma yana raina alamun mulki da ba su da hakki kan kuɗaden hanyar sadarwa.

Salonka ya yi kama sosai?

Yusko yana sayen lamba, ba chart ba: darajar gaskiya da farko, siya kowane mako, babu ƙoƙarin kama ƙasan daidai. Yaya kusa hankalinka yake — auna shi da gaske da Trader Passport.

1. Me ke gaya maka cewa wani abu yana da rahusa?
2. Idan farashi ya faɗi 25% ƙasa da inda ka shiga…
3. Ra'ayinka kan altcoins?
4. Wane lokaci kake amfani da shi?
daidaiton salon tare da Mark

Ƙirƙiri Trader Passport ɗinka →
Gwada shi

Yusko yana siya kowane mako bisa samfurin darajar gaskiya kuma ba ya damuwa da ƙasan daidai — ko da ya yi shelarsa watanni huɗu da wuri. Za ka iya riƙe irin wannan ladabin?

Yanzu sa hanyarka aiki. Gwada fifikonka kan bayanan kasuwa na kai tsaye — babu haɗarin jari — a gasar BuyCrypt kyauta mai kyaututtuka na gaske.

Nazari na bayanai da ilimi wanda ya dogara kacokan kan kayan da jama'a za su iya samu (rahotannin waje masu kwanan wata kan hirarrakinsa, haɗe a kowane kira). Ba shawarar kuɗi ko saka hannun jari ba ne. Lambobi kusan-kusan ne kuma suna canjawa koyaushe. Spotted an error, or are you Mark? Gabatar da gyara →

An tabbatar da masu amfani · An ambaci tushe a sama · Hanyar ba da maki · An sabunta 20 September 2026