LIVE
😱🔥Morgan Creek Founder Yusko: The real boom in Bitcoin will come after the halving…
Mark Yusko, founder and CEO of investment firm Morgan Creek Capital, said that he thinks the real rise in #BTC will come after the reward halving and that the price will explode, especially towards the end of the year.
Mark Yusko, the founder and CEO of Morgan Creek Capital, a US-based asset management firm, stated that he thinks that 2024 will be a very good year for cryptocurrencies, as he said earlier.
Yusko, who participated in a broadcast of CNBC from the US media, said that the halving of the reward that will occur in Bitcoin will be the biggest factor that will push the price up.
"Bitcoin passes 100 thousand dollars”
Yusko, who stated that he thinks Bitcoin will rise sharply after halving, as in previous cycles, used the following statements:
“When the mining rewards are divided into two, the miners will also be forced. This state of strain will increase the price. I think that's why the Bitcoin price will go to 100 thousand dollars. Big moves usually happen after the reward halving. Halving will most likely take place on April 20 or 21. After halving, there will now be an increase in demand. The interest from ETFs and people will grow, but the supply will decrease. The daily supply will decrease from 900 to 450. The price will start to rise. I think towards the end of the year, the price will start to rise explosively.
We are implementing the Hodl policy”
Yusko stated that Morgan Creek is not a trade, i.e. buy-sell company, and said that they often apply a 'hodl' startup:
“We are not a tarde company as Morgan Creek Digital. We keep it when we get it. But we can also make sales from time to time. For example, two years ago, when Solana had a very serious decline, we sold some of the tokens we had, but thankfully we didn't sell all of them, and today Solana has risen again... But we usually apply a ‘hodl’ policy.”
LIVE