Bitcoin crossing $100,000 by Year end
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Mark Yusko, founder and CEO of Morgan Creek Capital Management, believes that the next Bitcoin bull market could start sooner than expected. He cites the combination of central bank policies becoming more dovish and the anticipation of the upcoming Bitcoin halving as the main factors contributing to the start of this next bull market.
Yusko believes that the start of this "crypto summer" could occur in the second quarter of the year. Despite the Federal Reserve being unlikely to cut interest rates anytime soon, the markets tend to anticipate their decisions. Even a slowdown or pause in interest rate hikes is interpreted as a signal that a change is imminent, leading to a positive dynamic among all risk assets, including crypto.
In conclusion, Yusko believes that the next Bitcoin bull market will start earlier than most people expect due to the favorable macroeconomic conditions and anticipation of the BTC halving. The start of this "crypto summer" could occur in the second quarter of the year and is driven by central bank policies and the anticipation of the Fed's decisions.
According to Mark Yusko, founder and CEO of Morgan Creek Capital Management, the Federal Reserve signaling that "we're good" will be interpreted as a sign of an imminent interest rate cut. This will result in a surge of bullish sentiment among risk assets, including crypto.
The anticipation of the Bitcoin halving, which is due to take place in the second quarter of next year, will also contribute to the bullish sentiment in the market. Yusko points out that the market always anticipates the halving, with the beginning of the summer starting nine months before the halving.
In summary, Yusko believes that the Fed's more dovish policies and the anticipation of the Bitcoin halving will drive bullish sentiment in the market. The Federal Reserve signaling "we're good" will be interpreted as an imminent interest rate cut, leading to a surge of positive sentiment among risk assets. The beginning of the "crypto summer" usually starts nine months before the halving.
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