More and more optimistic Bitcoin predicitons are out. Check out the latest reports about the latest one below.
Bitcoin optimistic prediction is out
It has been revealed the fact that Morgan Creek Capital CIO Mark Yusko says that Bitcoin (BTC) could be on the verge of entering a fresh bull market.
In a new interview with popular crypto analyst Scott Melker, the hedge fund veteran made sure to explain the fact that he believes the lead-up to Bitcoin’s halving event will likely ignite bullish price action.
“But I will argue spring, summer right around the corner, my guess is May-ish, June-ish, nine months before the halving. And that’s the way it goes.”
According to the Morgan Creek Capital executive, crypto spring is mostly range-bound price action. He said that the summer represents a bullish period.
Yusko also says Bitcoin’s price will likely react to the halving as it has in the past to send the value of the king crypto higher. The halving, which is slated for April 2024, cuts BTC miners’ rewards in half every four years.
he stated the following:
“It’s hardcoded into Bitcoin that every four years you’re going to cut the block rewards. If you cut the block rewards, in theory, a whole bunch of miners will go out of business unless the price adjusts. And the price adjustment creates movement.”
Bitcoin prediction is out
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $22,346.
A closely followed crypto analyst who nailed the 2022 bottom for Bitcoin (BTC) is predicting when the king crypto could possibly turn a corner and rally.
The analyst, pseudonymously known as DonAlt said recently that the legacy asset markets are having a bearish effect on Bitcoin. Check out the previous article in order to learn more details about this.