Morgan Creek Capital CEO: Bitcoin Is on Sale, Time to Accumulate

Mark Yusko, the CEO of Morgan Creek Capital, has stated that bitcoin's fair value stands at $105,000 when measured using Metcalfe’s Law. 

During an appearance on Bitcoin Magazine TV on Wednesday, the investment management firm's chief executive remarked that the current moment represents the most favorable opportunity to purchase the leading cryptocurrency, describing it as being "on sale." 

Metcalfe’s Law, which was formulated by Internet entrepreneur Robert Metcalfe, holds that a network's value is directly tied to the square of its user count. Bitcoin hit its peak of $126,080 in October 2025, yet it has since fallen 40% from that high, with prices recently settling at $75,701. 

JUST IN: Morgan Creek Capital CEO Mark Yusko says Bitcoin's fair value is $105,000 based on Metcalfe's Law

Bullish! pic.twitter.com/zSpYHOCD3L

— Bitcoin Magazine (@BitcoinMagazine) September 16, 2026

"So the fair value of bitcoin today, based on Metcalf’s law — Tim Peterson runs a model that tracks this really nicely — it’s about $105,000, but it’s $75,000," Yusko said.  

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

Yusko further explained that bitcoin is the premier vehicle for safeguarding wealth, whereas putting money into companies does not serve long-term investors well. 

"The problem is over a 30-year period, equity, 85% of companies disappear over 30 years. It’s amazing stat," he noted. 

"What you really need is something to protect your value — and historically, for 5,000 years, there was one asset: gold."

"Now we’ve got gold and bitcoin," he added. 

Bitcoin began its upward trajectory in August after it was revealed that the U.S. Treasury would expand its liquidity-support buyback operations to at least double their current size. That development put pressure on the dollar, while supporting assets that do not generate yields.  

In the wake of that move, various experts have remarked that the "debasement trade" — where investors acquire an asset as a hedge against currency depreciation — has made a comeback, which should favor bitcoin. 

That trade was popular last year and fueled bitcoin's rally, though momentum stalled following October as investor focus shifted toward artificial-intelligence-related equities.