Bitcoin 'FOMO' To Push Prices To A 'Different Level': Mark Yusko
Portfolio Pulse from Murtuza Merchant
Mark Yusko of Morgan Creek Capital predicts a significant Bitcoin price increase to around $80,000, driven by FOMO and increased institutional adoption. He notes a change in the pattern of Bitcoin's value growth due to new factors like inscription fees from ordinals. Yusko highlights the current low public engagement with Bitcoin but expects this to change as the market approaches his target price.
April 22, 2024 | 4:21 pm
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Mark Yusko predicts Bitcoin's price to reach around $80,000 due to FOMO and increased institutional adoption, despite a change in growth pattern.
Yusko's prediction is based on historical data and new market factors like inscription fees. The expected FOMO and institutional adoption could significantly increase demand, pushing Bitcoin's price towards his target. However, the confidence in this prediction accounts for market volatility and the unpredictable nature of cryptocurrency markets.
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