EXCLUSIVE: Mark Yusko On Bitcoin's Future, Crypto Protocol Investing, 2024 Price Target
Portfolio Pulse from Chris Katje
Mark Yusko, founder and CEO of Morgan Creek Capital Management, is bullish on Bitcoin (BTC) and sees it replacing gold. He began buying Bitcoin for Morgan Creek in 2018 and has no plans to sell it for a long time. Yusko also mentioned Ethereum (ETH), Solana, and Avalanche as cryptocurrencies at the top and middle of the investment pyramid, while Dogecoin and Shiba Inu are at the bottom. He predicts a Bitcoin price target of $100,000 to $150,000 by mid-2024.
September 29, 2023 | 3:59 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Mark Yusko, CEO of Morgan Creek Capital, is bullish on Bitcoin and sees it replacing gold. He predicts a Bitcoin price target of $100,000 to $150,000 by mid-2024.
Mark Yusko's bullish stance on Bitcoin and his prediction of a significant price increase by mid-2024 could potentially drive investor interest and increase demand for Bitcoin, leading to a rise in its price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Mark Yusko mentioned Ethereum as one of the cryptocurrencies at the top of the investment pyramid.
Mark Yusko's mention of Ethereum as a top-tier cryptocurrency could potentially increase investor interest in Ethereum, possibly leading to a rise in its price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70