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Crypto Hedge Fund Veteran Predicts Explosive Parabolic Move for Bitcoin – Here’s His Timeline
Morgan Creek Digital managing partner Mark Yusko thinks the bottom is already in for Bitcoin (BTC) a ka tika mo te huihuinga nui i roto i te iti iho i te tau.
I roto i te uiuinga hou me Stansberry Research, Yusko ka korero host Matt McCall that after nearly ten months of frustration and financial loss, the crypto winter is finally over with Bitcoin ready to move in about half a year.
"Ki taku whakaaro kei konei te puna crypto. He huarahi tonu tatou mai i te raumati crypto ka eke ano tatou ki runga ake.
Engari tera pea ka tae mai i roto i te ono ki te iwa marama."
Ko te kaiwhakahaere o te putea taiepa crypto ka titiro ki tua atu i nga mahere utu rerekee hei whakanui i te hiranga o te poraka e tohuhia ana e te rawa crypto taketake.
"Bitcoin is a perfect store of value. It’s basically digital gold. Gold is the only money in the history of the world. Bitcoin is as good as gold. It’s equally scarce, yet it’s more divisible and more portable.”
Yusko goes on to explain why he’s not worried about the major losses Bitcoin has incurred since late in 2021, noting that he believes BTC already hit a cycle bottom at around $17,500 back in the middle of June.
Everything’s down since November because we had these massive liquidations of overleveraged speculation. When you get a margin call, you don’t get to sell what you want to sell. You’ve got to sell gold, bonds and Bitcoin.
Ko nga mea [i mua] kaore i heke, inaianei ka heke. Na inaianei kei te heke nga mea katoa, ka piki ake nga hononga, engari he mea mo te wa. Inaianei kei te huri ano nga hononga.
[Last] Friday was a good example: Markets were down, Bitcoin I piki. Bitcoin’s up a lot since mid-June. That’s when I will say was the bottom, the $17,500 candle that day.
I hanga e matou he raupapa o nga taumata teitei me nga taumata teitei ake.
I te wa e tuhituhi ana, Bitcoin kei te hokohoko mo te $24,029.
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Ko te pou Crypto Hedge Fund Veteran Predicts Explosive Parabolic Move for Bitcoin – Here’s His Timeline i puta tuatahi Te Hodl Daily.
Kuputuhi taketake: Te Hodl Daily