Morgan Creek’s Mark Yusko Expects Bitcoin To Explode To $100k

It has been revealed that we will soon see Bitcoin exploding to $100,000. Check out the latest reports about this below.

Mark Yusko, the CEO of Morgan Creek and a hedge fund expert, has predicted that Bitcoin’s price will skyrocket to six figures rapidly.

In an interview with Wolf of All Streets, Yusko stated that Bitcoin is presently undervalued, with its fair value being $50,000.

He believes that Bitcoin’s price surge could begin in the middle of next year and be driven by two primary factors.

“Now, we’ll go from that $50,000 to $100,000. And that $50,000 to $100,000, it’s probably going to happen really fast.

Why do I say that? Two reasons – one that’s what history tells us that fear of missing out kicks in. But this time, we got a massive tailwind.”

Bitcoin is currently trading at $41,175. According to Yusko, investors have been acquiring Bitcoin below its fair value since the end of 2020, and they are still doing so.

Yusko predicts that Bitcoin’s price action in the future will follow the patterns established during previous halving cycles.

“Now when we get to fair value at $50,000, what’s going to happen? The halving is going to occur. Well, then what happens? Well, we add a zero.

So if you go back to the first halving, we went from $10 to $100, then we went from $100 to $1,000. Then we went from $1,000 to $10,000. Now we’re going to go from $10,000 to $100,000. That’s a 10x growth of the network again, following this Metcalfe’s law curve.”

Kevin Svenson, an analyst and trader, is optimistic about Bitcoin’s (BTC) recovery after it almost hit the $40,000 mark earlier this week.

Svenson believes that Bitcoin may confirm a bullish trend based on the ascending broadening wedges pattern it has formed on the four-hour chart.

“The point that we just bounced off of here [around $40,300] is really starting to look like our confirmation bounce…”