Allgemein

Bitcoin Boom: Mark Yusko Predicts 410% Increase!

• Mark Yusko, founder of Morgan Creek Capital, predicts that two catalysts will push Bitcoin’s price up by 410%.
• The two catalysts include the upcoming halving event and potential approval of a spot-based Bitcoin exchange-traded fund (ETF).
• According to Yusko, if US financial advisors allocate 1% of their $30 trillion portfolio to Bitcoin, it would have a “huge” impact on its price.

Mark Yusko Predicts Big Gains for Bitcoin

Morgan Creek Capital founder Mark Yusko believes that the price of Bitcoin (BTC) could soar up to 410% thanks to two catalysts – an upcoming halving event and the possible approval of a spot-based Bitcoin ETF. If this happens, it would take the price from its current level of 29,373 to around 150,000 USD.

The Upcoming Halving Event

Yusko expects that the halving event next April or May could bring fair value up from $55k today to around $100k by June 2021. However, he believes prices could rise beyond this point with speculation due to the possibility of a Spot ETF being approved during this time.

US Financial Advisors Allocating 1% To BTC

Yusko also noted that US financial advisors using ETFs control roughly $30 trillion and if they allocated just 1%of their funds into BTC then it could cause huge waves in its market price. This is because $30 billion on a free float of only $100 billion is sure to cause some significant movement in its value.

Impact Of Leverage On BTC Price

Finally, Yusko cautioned investors on how much leverage they should use when investing in BTC as this can have an effect on its future market value as well. He believes that less leverage will ensure more stability in its pricing which is important for longterm investors looking for sustainable returns.

Conclusion

In conclusion, Mark Yusko has predicted big gains for Bitcoin based on two catalysts – an upcoming halving event and potential approval of a spot-based ETF. He also noted that US financial advisors allocating 1% of their portfolio into BTC could create huge waves in its market price due to the small size of its free float compared to large allocations from these institutions. Finally, he advised investors on leveraging correctly as too much can be detrimental for long term returns from this asset class