Thursday, March 28, 2024
10.1 C
London

HomeCrypto NewsCrypto Hedge Fund Veteran Mark Yusko Predicts Bitcoin ‘Spring’ Kicks Off BTC...

Crypto Hedge Fund Veteran Mark Yusko Predicts Bitcoin ‘Spring’ Kicks Off BTC Move – Here’s His Timeline

Morgan Creek Digital managing partner Mark Yusko is forecasting when he thinks Bitcoin (BTC) will revamp into a new bull market.

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.

SOURCE

DISCLAIMER

As per the principles outlined by the Trust Project, Cryptozia remains dedicated to delivering impartial and transparent reporting. This news article is intended to offer precise and punctual information. Nevertheless, it is recommended that readers autonomously corroborate the facts and seek advice from a qualified expert prior to making any decisions reliant on this content.

latest articles

explore more