Mark Yusko Says the Worst May Be Behind Bitcoin – A New High Could Come Within 12 to 18 Months

While cryptocurrency markets have experienced significant volatility in recent weeks, Mark Yusko, CEO and Chief Investment Officer of Morgan Creek Capital Management, made statements that will reassure cryptocurrency followers. According to Yusko, the most intense selling pressure Bitcoin (BTC) has experienced has likely ended.

Yusko attributes the recent price drops largely to “forced selling.” The renowned investor points out that the market has been dragged down, particularly by efforts to generate cash for tax payments and some large institutional players being forced to close their positions, adding that this “capitulation” phase is largely complete.

Yusko, evaluating Bitcoin’s attempt to hold above $60,000, argues that the price has found strong support in this region. Considering macroeconomic conditions and liquidity cycles, Yusko maintains that the market is now poised to gain upward momentum.

One of the most important topics highlighted in the interview was the Bitcoin halving and the increase in global liquidity. Yusko predicts that potential easing of monetary policies by central banks during a period of supply constraints will create “a perfect storm” for Bitcoin. According to the analyst, Bitcoin could reach new highs in the next 12-18 months.

Mark Yusko, reminding users that short-term price movements can be misleading, stated that they should focus on Bitcoin’s network growth as a “store of value” rather than daily fluctuations.

*This is not investment advice.