Morgan Creek Capital CEO: Sell Amazon stocks, buy Bitcoin

NEW YORK—Morgan Creek Capital CEO Mark Yusko made a keynote speech at the Digital Asset Summit today where he provided the audience with some simple yet perhaps controversial advice: sell your Amazon shares and buy Bitcoin.

Yusko argued that Bitcoin is the next groundbreaking technology, and that it is currently the greatest wealth-creation opportunity there is.

On blockchain, he said, “The genie is not going back into the bottle. It’s coming. The great news about that is it’s going to create the greatest wealth in the history of mankind.”

Yusko first heard about Bitcoin in its early days and encouraged his son to check out plucky startups like Coinbase and Xapo—only for his son to ignore his input and go to work elsewhere. Yusko later met Anthony Pompliano during an investment into Uber, and after long conversations decided to hire him as CEO of a newly created subsidiary, Morgan Creek Digital, which invests in blockchain products and companies building them. In…