CEO of Morgan Creek Capital Management mark Yusko (Mark Yusko) believe that the current market cycle can raise the bitcoin price to a new historic maximum. This opinion he expressed in the transfer of Fast Money on CNBC.

“I think we’re following a parabolic motion. It will probably take us to $30000, before we get another little correction,” said Yusko.

He noted that from October 2018, the price of bitcoin soared to 70%, while the stock market quotes in this time practically has not changed.

The founder and head of Morgan Creek did not stop on its short-term forecast and said that “actually, it’s easy to see the path of bitcoin up to $100,000 by 2021”.

Previously, mark Yusko predicted first bitcoin rise to $500 thousand by the end of 2024. The timing of the price BTC $30 thousand it is not defined.

Recall that according to well-known trader and technical analyst Peter Brandt (Peter Brandt), in case of violation of the current parabolic phase of bitcoin, its price may fall by 80%.

Message mark Yusko: the new parabolic phase leads bitcoin to $30000 appeared first on crypto.by.