It has fallen sharply since its $69,000 ATH last November. Bitcoin (BTC) It exceeded $24,000.
Currently, Bitcoin is trying to hold on to the $23,000 level.
Investors know whether the bear market is over and bitcoin especially cryptocurrencyMark Yusko, CEO of Morgan Creek Capital Management, has set a date for the next bull.
Mark Yusko, who said in a recent interview with Stansberry Research that the bull rally in Bitcoin will come in 2024, showed that the enthusiasm will increase among investors after the halving in BTC.
Yusko, also BTC thinks its current price is too low and its fair value should be around $30,000.
The famous CEO, who believes that the consecutive declines of Bitcoin and cryptocurrencies are over, said that the crypto winter has left its place to spring.
“I will argue that the crypto winter is over and spring is here. Because if you look at the last two cycles in Bitcoin, we are the same as the number of days of that cycle where spring starts and winter ends.
But spring can take months. The arrival of spring does not mean that we will immediately start a bull rally.
We’ve also seen three high bottoms and three tops in Bitcoin. This shows that we may have entered a very good bull trend.
In this context, I think that the choke in Bitcoin will come in 2024. The bull will come with the anticipation of the halving in 2024.”
Finally, Yusko stated that Bitcoin has turned into an excellent store of value, stating that he thinks the market value of BTC will be equal to that of gold.
bitcoin Mark Yusko, known for his support of cryptocurrencies, especially cryptocurrencies, last year, BTC predicted that the price could rise to $250,000 within five years.