Crypto Hedge Fund Veteran Predicts Explosive Parabolic Move for Bitcoin – Here’s His Timeline

Ku The Daily Hodl - 1 year ago - Waktos Maca: 2 menit

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) sarta éta alatan rally masif dina waktu kurang ti sataun.

Dina wawancara anyar kalawan Stansberry Panalungtikan, Yusko ngabejaan 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.

"Kuring pikir crypto spring aya di dieu. Kami masih jalan ti usum panas crypto nalika urang kéngingkeun parabolik anu sanés.

Tapi éta bakal datang sigana dina genep ka salapan bulan. ”

Eksekutif dana pager hirup crypto kasampak saluareun grafik harga fluctuating pikeun ngantebkeun pentingna blockchain sakumaha digambarkeun ku asset crypto aslina.

"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.

Hal-hal anu [saméméhna] henteu turun, ayeuna turun. Janten ayeuna sadayana turun, korelasi naék, tapi éta hal temporal. Ayeuna korelasi ngabalikeun deui.

[Last] Friday was a good example: Markets were down, Bitcoin éta nepi. Bitcoin’s up a lot since mid-June. That’s when I will say was the bottom, the $17,500 candle that day.

Urang nyieun runtuyan lows luhur jeung highs luhur.

Dina waktos nyerat, Bitcoin tiasa dijual pikeun 24,029 Dollar AS.

I

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pos teh Crypto Hedge Fund Veteran Predicts Explosive Parabolic Move for Bitcoin – Here’s His Timeline mucunghul munggaran dina Ari Hodl Harian.

sumber aslina: Ari Hodl Harian