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Mark Yusko

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cryptocurrency2 years ago

Crypto Rally to Continue with Speculative Blow Off, Predicts Mark Yusko.

Morgan Creek Capital founder and CIO Mark Yusko predicts that Bitcoin and the crypto markets have entered a fresh bull market that could last until next year's halving event. Yusko believes that Bitcoin will replace gold as the base layer of money and that Ethereum will have a role as a fiat currency replacement. He also expects a speculative blow-off after the halving event and an overreaction on the downside called crypto winter. At the time of writing, Bitcoin is trading for $30,787.