{"id":124166,"date":"2023-07-18T18:30:01","date_gmt":"2023-07-18T18:30:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-rally-will-lead-to-speculative-blow-off-top-in-2024-predicts-mark-yusko-crypto-news\/"},"modified":"2023-07-18T18:30:04","modified_gmt":"2023-07-18T18:30:04","slug":"bitcoin-rally-will-lead-to-speculative-blow-off-top-in-2024-predicts-mark-yusko-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-rally-will-lead-to-speculative-blow-off-top-in-2024-predicts-mark-yusko-crypto-news\/","title":{"rendered":"Bitcoin rally will lead to &#8220;speculative blow-off top&#8221; in 2024, predicts Mark Yusko\n &#8211; Crypto News"},"content":{"rendered":"<div data-v-2649fa34=\"\">\n<p>BlackRock&#8217;s application for a Bitcoin exchange-traded fund (ETF) has sparked the beginning of a new crypto bull market, which will go parabolic at some point closer to the halving scheduled for April 2024, according to Mark Yusko, the chief investment officer and founder. of Morgan Creek Capital. <\/p>\n<p>\u201cBased on Metcalfe&#8217;s law model, fair value for Bitcoin is around $55K.  So I think we drift upwards towards that level,\u201d said Yusko in a recent interview with Cointelegraph.<\/p>\n<p>After that, Yusko predicted, speculators will come into the market en masse, pushing the Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>) price beyond its fair value to new all-time highs. <\/p>\n<p>\u201cWe will probably have a speculative blow-off top sometime in 2024. That leads to the next downturn and the next crypto winter,\u201d Yusko predicted. <\/p>\n<p>Yusko is highly confident that BlackRock&#8217;s Bitcoin ETF application will be approved by the Securities and Exchange Commission, thus becoming one of the catalysts for the next parabolic bull run. <\/p>\n<p>\u201cI think it&#8217;s a done deal.  I think it&#8217;s been a done deal for years.  They&#8217;ve just been waiting for the right time,&#8221; he said, commenting on the application. <\/p>\n<p>To find out more about Yusko&#8217;s Bitcoin price outlook for the next months, don&#8217;t miss the full interview and subscribe to our YouTube channel! <\/p>\n<p><iframe loading=\"lazy\" title=\"The BULL RUN has Begun: Mark Yusko&#039;s BTC Price Prediction\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/XkC4Gm5u5qM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><template data-name=\"subscription_form\" data-type=\"markets_outlook\"\/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock&#8217;s application for a Bitcoin exchange-traded fund (ETF) has sparked the beginning of a new crypto bull market, which will go parabolic at some point closer to the halving scheduled for April 2024, according to Mark Yusko, the chief investment officer and founder. of Morgan Creek Capital. \u201cBased on Metcalfe&#8217;s law model, fair value for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":124167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-124166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=124166"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124166\/revisions"}],"predecessor-version":[{"id":124168,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124166\/revisions\/124168"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/124167"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=124166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=124166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=124166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}