Summary
- Mark Yusko, CEO of Morgan Creek Capital, predicted that Bitcoin (BTC) will reach up to $150,000 by mid-2025.
- He emphasized the importance of the four-year cycle pattern of Bitcoin and expressed optimism for a rise after the bear market ends.
- Currently, BTC is showing a downward trend, trading at $97,778.42.
Mark Yusko, CEO of the American investment firm Morgan Creek Capital Management, predicted in an interview with Cointelegraph on the 9th (local time) that "Bitcoin (BTC) will reach up to $150,000 by mid-2025."
He stated, "I am confident that the four-year cycle of Bitcoin still plays a significant role in the market, regardless of the exaggerated rumors about the U.S. Bitcoin strategic reserve," adding, "According to the four-year cycle pattern, a bearish trend is expected until the end of the year, and after the bear market ends, BTC will move towards $120,000 to $150,000 by mid-2025."
Meanwhile, BTC is trading at $97,778.42, down 2.05% from the previous day, based on the Binance Tether (USDT) market as of 02:34 on the 10th.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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