Morgan Creek Capital’s Mark Yusko has predicted Bitcoin in six figures by year-end.
Bitcoin will benefit if the current monetary policy of money printing continues.
The fair value for Bitcoin is $80,000-$100,000, Yusko stated.
Bitcoin (BTC) has dipped below $69,000 after failing to hold above $70,000 last month. Although this may seem bearish, there are predictions that Bitcoin could still reach $100,000 in the near future, driven by key market factors and economic trends.
Mark Yusko, founder and managing director of Morgan Creek Capital, discussed Bitcoin’s outlook on the ‘ThinkingCrypto’ podcast. Yusko suggested that a Kamala Harris victory in the 2024 presidential election might negatively impact Bitcoin’s price, especially if Gary Gensler remains as SEC Chair and enacts stricter regulations on the crypto sector.
Yusko indicated that continued leadership from Gensler could mean tighter crypto regulations, potentially causing price declines for Bitcoin. Despite this, he expressed long-term optimism, noting that Bitcoin’s value could benefit from ongoing U.S. dollar devaluation due to current economic policies of money printing and deficit spe…
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