Speaking in an interview with Stansberry Research, Yusko says that Bitcoin’s recent market structure is indicative of a bottoming process, with BTC printing several higher lows and higher highs.
The crypto hedge fund executive says he agrees with the traditional school of thought that Bitcoin goes through speculative cycles.
According to Yusko, Bitcoin is likely in the “spring” part of the cycle where winter has ended, and BTC forms a base for the next bull run in “summer,” which he predicts will happen slightly before the next halving in early to mid 2024.