Yusko: SpaceX Trading at 'Silly' $2 Trillion Valuation, Bitcoin Undervalued vs. $105K Fair Value

According to Cointelegraph, Mark Yusko of Morgan Creek Capital said on Friday that SpaceX is trading at an unsustainable $2 trillion valuation and is mathematically incapable of justifying a 10x return, while Bitcoin is significantly undervalued relative to its estimated $105,000–$108,000 fair value based on Metcalfe's law analysis.

Yusko has been buying Bitcoin weekly since February and plans to continue through October. He also expects capital to rotate from overvalued artificial intelligence equities into Bitcoin and gold, potentially triggered by a market correction in AI-related stocks as early as the third or fourth quarter.