# πŸŽ™οΈ Crypto, Legacy, and Value | Mark Yusko *Author: David Hoffman* *Published: May 17, 2021* *Source: https://www.bankless.com/es/-crypto-legacy-and-value-mark-yusko* --- *Get full access to [Market Mondays reports,](https://bankless.ghost.io/crypto-is-about-to-melt-faces-market/) the [Inner Circle](https://bankless.ghost.io/welcome-to-the-inner-circle-wave-06c/), the [Bankless Badge](https://bankless.ghost.io/-guide-2-using-the-bankless-badge/) and more *πŸ”₯ [Subscribe now](#/portal/signup) --- **Mark Yusko** has been at the forefront of institutional investing throughout his career, in both legacy and crypto. He is the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management. --- #### πŸŽ™οΈ **[NEW PODCAST EPISODE](https://youtu.be/UEgSq6Rrfb4)** [Listen in Podcast App](http://podcast.banklesshq.com/) | [iTunes](https://podcasts.apple.com/us/podcast/bankless/id1499409058?ls=1) | [Spotify](https://open.spotify.com/show/41TNnXSv5ExcQSzEGLlGhy) | [YouTube](https://youtu.be/UEgSq6Rrfb4) | [RSS Feed](http://podcast.banklesshq.com/rss) --- ### Bankless Sponsor Tools: πŸ’° **GEMINI** | FIAT & CRYPTO EXCHANGE [https://bankless.cc/go-gemini​](https://bankless.cc/go-gemini%E2%80%8B) πŸ”€ **BALANCER** | EXCHANGE & POOL ASSETS [https://bankless.cc/balancer](https://bankless.cc/balancer) πŸ‘» **AAVE** | LEND & BORROW ASSETS [https://bankless.cc/aave](https://bankless.cc/aave) πŸ¦„ **UNISWAP** | DECENTRALIZED FUNDING [http://bankless.cc/uniswap​](http://bankless.cc/uniswap) --- ### Bankless Podcast #65: Crypto, Legacy, and Value **Guest: Mark Yusko** *May 17, 2021* Mark W. Yusko is a seasoned investor in both traditional and crypto finance, and is the managing partner of Morgan Creek Capital. Notably, he is also an avid fan of Pokemon Go. In this episode, Mark provides a deep and logical basis for a sound decision matrix in the world of investing. He emphasizes broad narrative context, addressing themes reminiscent of our episode with historian Joshua Rosenthal 'The Crypto Renaissance.' Mark explores the speculative frenzy in the markets and how it is indicative of a fiat-based financial system that has run its course. Continuous printing has gameified the economy, and crony capitalism has created an environment where you are either in or you're out. If you're in, then you're an incumbent who is incentivized to maintain the status quo. The centralization of power makes progress hard and proper equity even harder. As a long-term investor who prioritizes values & principles, Mark discusses money as a shared illusion, and notes that value is relative. He presents salient takes on crypto's role in the broad shifts driven by the inevitable failing of incumbent institutions. His worldview feels compatible with the Bankless narrative, and towards the end of the episode, we discuss how Ethereum fits into all of this. --- #### Resources: - [Mark on Twitter](https://twitter.com/MarkYusko?s=20) - [Morgan Creek Capital](https://www.morgancreekcap.com/) --- πŸ™**Sponsor: **[Consensus 2021 Conference by Coindesk](http://bankless.cc/consensus2021) | *Save $20 w/ BANKLESS Code* --- #### THIS WEEK ON BANKLESS: - [🧒 ](https://bankless.ghost.io/a-tale-of-two-rug-pulls-weekly-recap/)**[WEEKLY RECAP](https://bankless.ghost.io/a-tale-of-two-rug-pulls-weekly-recap/)**[ | A Tale of Two Rug Pulls (5/15)](https://bankless.ghost.io/a-tale-of-two-rug-pulls-weekly-recap/) - [πŸ—žοΈ ](https://bankless.ghost.io/-rollup-vitalik-rugs-for-charity)**[WEEKLY ROLLUP | ](https://bankless.ghost.io/-rollup-vitalik-rugs-for-charity)**[Vitalik Rugs for Charity](https://bankless.ghost.io/-rollup-vitalik-rugs-for-charity)**[ (](https://bankless.ghost.io/-rollup-vitalik-rugs-for-charity)**[5/14)](https://bankless.ghost.io/-rollup-vitalik-rugs-for-charity) - [🧠](https://bankless.ghost.io/know-thy-enemy-coordination-failures/)**[ THOUGHT THURSDAY](https://bankless.ghost.io/know-thy-enemy-coordination-failures/)**[ | Coordination Failures (5/13)](https://bankless.ghost.io/know-thy-enemy-coordination-failures/) - [✏️](https://bankless.ghost.io/the-theory-of-bankless-dao/)**[ WRITER WEDNESDAY | ](https://bankless.ghost.io/the-theory-of-bankless-dao/)**[The Theory of Bankless DAO (5/12)](https://bankless.ghost.io/the-theory-of-bankless-dao/) - [🏴 ](https://bankless.ghost.io/-sotn-46-the-eth-trade-with-su-zhu)**[STATE OF THE NATION](https://bankless.ghost.io/-sotn-46-the-eth-trade-with-su-zhu)**[ | The ETH Trade with Su Zhu & Kyle Davies (5/11)](https://bankless.ghost.io/-sotn-46-the-eth-trade-with-su-zhu) - [βš’οΈ ](https://bankless.ghost.io/how-to-make-money-from-rai-arbitrage/)**[TACTIC TUESDAY |](https://bankless.ghost.io/how-to-make-money-from-rai-arbitrage/)**[ RAI Arbitrage Opportunities](https://bankless.ghost.io/how-to-make-money-from-rai-arbitrage/) (5/11) --- #### 🏴 JOIN THE NATION 🏴 **Subscribe: **[Newsletter](https://bankless.ghost.io/) | [iTunes](https://podcasts.apple.com/us/podcast/bankless/id1499409058) | [Spotify](https://open.spotify.com/show/41TNnXSv5ExcQSzEGLlGhy) | [YouTube](https://www.youtube.com/c/bankless) | [RSS Feed](http://podcast.banklesshq.com/) **Follow: **[Twitter](https://twitter.com/BanklessHQ?s=20) | [Instagram](https://www.instagram.com/banklesshq/) | [Reddit](https://www.reddit.com/r/bankless/) | [TikTok](https://www.tiktok.com/@banklesshq) | [Facebook](https://www.facebook.com/banklesshq/) --- ***Not financial or tax advice. **This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.* --- ***Disclosure. **From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our [investment disclosures here](https://bankless.ghost.io/bankless-disclosures/).*