BlackRock’s application for a Bitcoin 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 CIO and Founder of Morgan Creek Capital.
After that, Yusko predicts, speculators will come into the market en masse pushing the Bitcoin price beyond its fair value to new all time highs. Yusko is highly confident that BlackRocks’s Bitcon ETF application will be approved by the SEC, thus becoming one of the catalysts for the next parabolic bull run.
MarkYusko BlackRock’s application for a Bitcoin 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.