In a recent interview, Mark Yusko, the Founder, CEO, and Chief Investment Officer of SEC-registered investment advisor Morgan Creek Capital Management, LLC, discussed $DOGE and $SHIB.
According to The Daily Hodl, Yusko stated during an interview for the “Blockworks Macro” YouTube channel: “Every day I have to live with this, where I say the bear market in crypto will be over when DOGE and SHIB go to zero. They never reached zero. In fact, they’re rising once more. There is no there, there. And then there are those who say, “Well, you better watch out if they actually find a use case…
“What is the worth? What is the underlying worth? Could you give it to someone in exchange for something? Nope. At the very least, Amazon… They generate cash flow and profits. They have discovered a method of producing return…. So, if I owned a share of that company, I could sell it to the company and get something in return. But should it be a meme stock or a meme coin? There is no worth.”
With marketcaps of $11.22 billion and $7.87 billion, respectively, as of 7:555 p.m. UTC on 12 February 2022, $DOGE and $SHIB are the ninth and twelfth most valuable cryptoassets.
According to TradingView data, $DOGE and $SHIB are up 19.80% and 63.56%, respectively, year to date.