1.5 Billion Hedge Fund CEO Mark Yusko: “Bitcoin Will Be $ 500,000!”
Famous Bitcoin bull Mark YuSKO , Bitcoin ‘ in considering in six years to reach half a million dollars. In addition to this, he also says that there will be a correction towards the end of this year.
When we look at the historical change in the price of Bitcoin, which is the CEO of Morgan Creek Capital Management under the management and the chief investment manager, Morgan Creek Capital Management , it is clear that this is a parabolic movement and then collapsing, then again a parabolic movement, indicating that technology is slowly beginning to be accepted.
According to him, you need to see how the Bitcoin prices move to understand the prediction. It is all about how they have a parabolic move and then crashes constantly, having other parabolic moves and then repeats this pattern.
This is why, in his opinion, the token will reach a price of $25,000 USD at the end of 2018, crash, $75,000 USD at 2020, crash again, $200,000 USD at 2022, crash once more and then finally rise to $500,000 USD at the end of 2024.
You get these parabolic moves because they sell when the price is high, cash out and they wait until the token is almost dead to buy a lot again. There are a lot of people waiting for the SEC to approve ETF Bitcoin-related funds too, which the institution will possibly do soon into the future.
Yusko is also of those who think the SEC is unlikely to get approval from the ETF application by VanEck on August 10th.
“I think we will get a little disappointed after this and prices will drop again. We will have a final hit before the big rally in the fourth quarter and nobody knows where to go after that. But my job is to interpret this way. “
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