" />
Fun

News Feed - 2023-07-19 03:07:30

Marco Castrovilli5 hours agoBitcoin rally will lead to "speculative blow-off top” in 2024, Mark Yusko predictsBlackRock"s application for a spot Bitcoin ETF has kicked off the next Bitcoin bull run, which will culminate in 2024 with a speculative parabolic run, according to Morgan Creek Capital’s Mark Yusko.4713 Total views6 Total sharesListen to article 0:00Cointelegraph YouTube SubscribeJoin us on social networksBlackRock’s application for a Bitcoin exchange-traded fund (ETF) has sparked the beginning of a new crypto bull market, which will go parabolic at some point closer to the halving scheduled for April 2024, according to Mark Yusko, the chief investment officer and founder of Morgan Creek Capital. 


“Based on Metcalfe’s law model, fair value for Bitcoin is around $55K. So I think we drift upwards toward that level,” said Yusko in a recent interview with Cointelegraph.


After that, Yusko predicted, speculators will come into the market en masse, pushing the Bitcoin (BTC) price beyond its fair value to new all-time highs.


“We probably will have a speculative blow-off top sometime in 2024. That leads to the next downturn and the next crypto winter," Yusko predicted. 


Yusko is highly confident that BlackRocks’s Bitcoin ETF application will be approved by the Securities and Exchange Commission, thus becoming one of the catalysts for the next parabolic bull run.


“I think it’s a done deal. I think it’s been a done deal for years. They’ve just been waiting for the right time," he said, commenting on the application.


To find out more about Yusko’s Bitcoin price outlook for the next months, don’t miss the full interview and subscribe to our YouTube channel!


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.# Bitcoin# Blockchain# Cryptocurrencies# Business# Bitcoin Price# Bitcoin Regulation# Adoption# Markets# Predictions# Halving# Bitcoin Halving# Price Analysis# Criptonoticias# Market Analysis# RegulationAdd reactionAdd reactionRelated NewsHow to check an Ethereum transaction9 AI coding tools every developer must knowThe European Commission’s Web4 strategy might be a flopBitcoin forks BCH, BSV and XEC soared last month, but are the gains organic and sustainable?AI has potential to send Bitcoin price over $750K — Arthur HayesBlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst says

News Feed
Arijit Sarkar1 hour agoTrueCoin’s third-party vendor breach potentially leaks TUSD user dataTrueCoin’s internal systems were not impacted or accessed, and the company confirmed that the attack was an isolated inciden
2023-10-17 16:06 PM
Bitcoin, Ethereum Technical Analysis: BTC Starts the Week Above $28,000, as Global Banking Crisis Worsens
Bitcoin, Ethereum Technical Analysis: BTC Starts the Week Above $28,000, as Global Banking Crisis Worsens Bitcoin was trading above $28,000 on Monday, as cryptocurrencies extended
2023-03-20 21:47 PM
Quidax Unveils One of Africa’s Biggest Music Producers as Its Brand Ambassador and Announces the Launch of Its Crypto Academy
Quidax Unveils One of Africa"s Biggest Music Producers as Its Brand Ambassador and Announces the Launch of Its Crypto Academy press release PRESS RELEASE. At a press conference last
2022-03-28 22:00 PM
North Korea Set Up a Blockchain Firm to Launder Crypto to Cash: UN
North Korea has been using a Hong Kong-based blockchain company to launder money, according to a quarterly report from the UN Security Council’s Sanctions Committee on North Korea.
2019-11-06 19:12 PM
Marcel Pechman8 hours agoBitcoin traders put eyes on $31K even as $2B in BTC options expire on FridayBTC traders fix their eyes on $31,000 even as $2 billion in Bitcoin options are set to expire on July 28.3616 Total vie
2023-07-28 09:43 AM
Why Ethereum Briefly Overtook Bitcoin in Daily Transaction Fees
Ethereum transaction fees are back on the rise and gaining parity with bitcoin transaction fees. As seen in data charts provided by blockchain analytics firm CoinMetrics, ethereum s
2019-09-27 04:00 AM
Bitcoin hits 16-month high ‘positive sentiment’ as price sits near $68K
Ciaran Lyons2 hours agoBitcoin hits 16-month high ‘positive sentiment’ as price sits near $68KAccording to Santiment data, the term “Bitcoin” is being used more positively on social media now than at any time in
2024-07-28 15:03 PM
Yuga Labs Obtains Cryptopunks and Meebits Brands, Gives Commercial Rights to NFT Holders
Yuga Labs Obtains Cryptopunks and Meebits Brands, Gives Commercial Rights to NFT Holders On Friday, Yuga Labs, the firm behind the Bored Ape Yacht Club (BAYC) non-fungible token (N
2022-03-13 03:30 AM
After Fed Members Disclose Million-Dollar Stock Trades Fed’s Powell Initiates Ethics Inquiry
After Fed Members Disclose Million-Dollar Stock Trades Fed"s Powell Initiates Ethics Inquiry The Federal Reserve chairman Jerome Powell has directed his staff to start an ethics in
2021-09-18 05:00 AM
The Metaverse Is the Next Big Investment Theme, According to Morgan Stanley
The Metaverse Is the Next Big Investment Theme, According to Morgan Stanley Investment bank Morgan Stanley has stated the metaverse is now the next big investment theme, in a note
2021-11-13 17:03 PM
Biggest Movers: DOGE Hits 2-Month High, ADA Rallies by 10%
Biggest Movers: DOGE Hits 2-Month High, ADA Rallies by 10% A day after hitting a one-week high, dogecoin raced to a two-month high earlier in today’s session. Wednesday
2022-10-27 00:30 AM
David Attlee3 minutes agoKenyan lawmakers ask local Blockchain Association to come up with crypto billKenya might become the first country in the world where the industry’s representatives would develop the regulatory
2023-11-07 17:56 PM