Mark Yusko, CEO and CIO of Morgan Creek Capital Management, expressed his views on Dogecoin ($DOGE) and Shiba Inu ($SHIB) in a recent interview with "Blockworks Macro" on YouTube. Yusko stated that he lives with the belief that the bear market in cryptocurrency will end when DOGE and SHIB go to zero, however, they never reached zero and are even rising again. He expressed skepticism about the underlying value of meme stocks and meme coins, comparing them to companies like Amazon that generate profits and cash flow. Despite his doubt, as of 12th February 2022, Dogecoin and Shiba Inu are ranked 9th and 12th among the most valuable cryptoassets with market caps of $11.22 billion and $7.87 billion respectively, and have seen year-to-date growth of 19.80% and 63.56% respectively.
