Extract:
Mark Yusko, the founder of Morgan Creek Capital, recently showed confidence in the eventual approval of the Spot Bitcoin ETF and described the recent run of green bitcoin candles as unconventional. He commented on the past week’s surprising upward trajectory, sparked by CoinTelegraph’s false news, stating that it “started off in a funny way.”
Notably, the recent positive trend started with a misleading post on social media platform X, falsely announcing the approval of a Spot Bitcoin ETF by the United States Securities and Exchange Commission (SEC). This deceptive post caused a stir within the community, which, according to Yusko, was definitely “not a good look” for the media.
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