This Is the Exact Date Bitcoin Goes ‘Completely Parabolic’ in 2024 – Mark Yusko’s Bitcoin Prediction

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Credit: Scott Melker
Bitcoin Breaks $1 Trillion Market Cap | Altcoins Surge | Mark Yusko

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So I have the green candle pants you know we’re wearing green instead of orange and I have the rocket socks Bitcoin Moon sock game and and it’s not just you know W Moon kind of Lambo no this this bull market that’s just getting started like we haven’t even

Gotten to crypto fall that doesn’t happen till June the having is still yet to come and we have one more space sex like explosion that that was planned be right you know after the IDS of March before tax season this year there’s one more selling wave that’s coming and

People are GNA go oh my God it’s over no no no no Mark yuso the founder CIO and managing director of Morgan Creek capital Investments expects Bitcoin to shatter all expectations in the coming months according to the renowned hedge fund manager the ongoing rally that has seen bitcoin’s price shoot past $52,000

For the first time in over 2 years is just a hint of what’s to come later this year during his latest interview with Scott melker Mark explains that we are still in crypto summer a period noted for its steady rallies but not the parabolic blowoff top moves that we get

During crypto Fall by Mark’s estimates those parabolic moves will begin in June and continue until next year however Mark warns that there will be one more selloff as we get closer to the having event in April while Mark does not expect the sell-off to have any lasting effects he cautions

That it might cause a lot of fud according to recent reports from Bloomberg Genesis Global holdco LLC has secured a judge’s approval to liquidate its gbtc Investments currently estimated to be worth $1.3 billion the gbtc shares owned by Genesis are convertible into either Fiat or Bitcoin as a result

Members of the crypto Community have expressed concerns about the potential Market impact of the selloff however Genesis has been mandated to conduct the disposal gradually in collaboration with a brokerage while adhering to a structured plan Mark believes the gbtc selloff is no cause for concern however

He does not feel the same way about the impact of tax season in the United States despite the impending sell-off Mark is still extremely bullish on bitcoin and other cryptocurrencies in 2024 we will now bring you clips from Mark’s interview please watch like and share this video subscribe to the

Channel and turn on post notifications for more videos like this thanks and enjoy the video every year there are two um something burgers and they are bigger three out of the four years fact they don’t really happen in the in the fourth year because the bad year there

Are no gains to worry about but what happens the Lunar New Year every year we know we just had it um before Lunar New Year there’s a bunch of selling in China to fill up the red envelopes with cash and has happened every year since Bitcoin was started

Everybody’s like why is there selling pressure like do do you not understand a billion six people filling up red envelopes with cash they they they sell some Bitcoin so that’s that’s one and so we we survived that that was no problem and that actually coincided with the gbtc liquidations and all that good

Stuff but then you have Uncle Sam has to get paid and you know it’s amazing it’s amazing man government we don’t we don’t care about Bitcoin bitcoin’s a fraud it it just doesn’t matter it’s the fifth question on tax tax return it’s insane it’s the fifth question so after a

Really good year and last year was a really good year up 130% 155% sorry 155% so there’s going to be some taxes due and people are going to sell to pay taxes and that happens every three out of the four years because you get three good years and a

Bad year three good years and a bad year three good years and a bad year and Tim Peterson who who I love I love Tim just put out this morning this cool thing that we just yesterday over the 52 weeks up exactly 100% And that has happened I

Can’t remember exactly how many times he said but in every incidence the next 12 months we’re up 100% so that’s interesting I I I think we are exactly on schedule and and I’ve actually been talking about this for a while I mean you and I talked about this nine months

Ago nine or 10 months ago doesn’t doesn’t matter but and I talk about it every Friday on on my uh on the margin show for over a year that the four-year cycle exists because of the having right having embeds this natural proclivity for price to rise otherwise the miners

Who are integral to the success of the the protocol would find themselves in in a pinch because their electricity cost and and space cost are fixed so long story short you have this cycle and the cycle is exacerbated by humans like the people watching the show and you know there are

Investors people who buy assets when they’re below their fair value there are traders who don’t give a about fair value they just like to trade movement are speculators which are the other side of hedgers hedgers are people who like produce things and have to sell like like the miners or oil

Producers but then there are the gamblers and the gamblers are the people who don’t understand or really care they just want number go up and then they buy on Leverage and that’s what pushes us to the crazy parabolic Brit blowoff Top Mark is not the only one bullish about bitcoin’s

Prices in 2024 skybridge Capital founder Anthony scaramucci believes this would be a face melting rally for Bitcoin in one of his recent posts on X Anthony explains that it’s not too late for investors to buy Bitcoin despite the ongoing rally that has pushed the leading cryptocurrency above $52,000 per

Coin Anthony’s post reads with Bitcoin back over $50,000 average investors are again wondering did I miss buying opportunity the answer is a hard no in his post the skybridge founder also cited three key factors that he believes will further Drive bitcoin’s prices upwards before the bull market ends they

Are falling interest rates Rising demand for spot Bitcoin exchange traded funds and the upcoming Bitcoin Hing event Anthony predicts that the rising demand for Bitcoin through the ETFs will bring in billions of dollars in new flows and cause a face ripping rally for Bitcoin and other cryptocurrencies let’s get back to

Mark’s interview as he further discusses his outlook for the 2024 and 2025 bull market as well as the futility of plans to bring down the cryptocurrency industry this is fair value fair value according to again to Tim’s metaps law model and I’ve been using the metaps law model since

2014 metaps law is the definitive way of calculating the value of a network any network whether it’s Amazon whether it’s Apple whether it’s biglin and so the mecast law model said the fair was about 52,000 now I’ve been rounding it to 50 to make it easy but when we were at 25

Not that long ago I was like look we’re gonna migrate slowly toward fair value of 50 and guess what here we are almost up to the having but then what happens is the having in previous Cycles doubles the fair value like well what do you mean well you think about if the block

Rewards go down and half the price has to adjust upward 100% to keep the revenues the same now this time there’s a subtle difference so what I what I was saying before ordinals was that at the having this year now you know now it’s

Going to be April 8th which is kind of a coincidence that is a total total solar eclipse which I think it’s an interesting day to have the having but anyway um and so that 100K number was my base case but then ordinals happened and transactions went up and transaction

Fees went up so it’s possible and I’m I’m I’m still working on this part it’s possible that fair value only goes to 75 or 80 let’s just let’s just say 75 so then the investors have been buying all this time up to fair value okay well now

We have have new people we have Traders we have speculators because the hedgers are selling the gamblers haven’t even showed up yet once they show up and once the leverage starts then we go right through fair value so right past 75 probably in history we go to 2.3x I

Was saying more than doubled it yeah at the peak we go to 2.3x at the peak so we went to 69 on a fair value of 30 and or 68 was and so I don’t think we’ll go 2 three times cuz I think there’s less leverage I think we go two times fair

Value that’s 150 so sometime between Thanksgiving this year and June of the following year uh that’s when we see the the new all-time high and it’s convenient for them to you know rail against the things that are disrupting and this this is not unique this has happened for centuries centuries there

Have been disruptive Technologies right and disruptive ideas I mean Galileo wasn’t really well-liked when he kind of said we you know the world doesn’t or the universe doesn’t revolve around the world he he wasn’t well-liked and um you know he suffered for his sin so to speak but every

Disruptive idea or every disruptive technology has been resisted by those with the most to lose and and that’s logical right I always use the the the favorite example of of the red flag law everybody knows heard the term red flag and we use it for different things but where it came from

Is when the you know unions who you know scooped the poop of the horses and and saddled the horses and made the whips didn’t like the Horseless Carriage so they lobbied fancy word for corruption paid New York City to pass a law called the Red Flag law that said if you had a

Horse’s Carriage you had to hire a human to walk in front of it with a red flag now has anyone ever seen a person walking in front of a car with a red flag no because that was a dumb idea but but it actually was a law that got passed and

Inevitably disruptive technologies that are good not all disruptive Technologies are good but disruptive technologies that are good catch on and you know this this is a technology the base Slayer of money the digital Bas layer of money for the digital age that is not going away no matter how hard they cry complain

Object try to you know dissuade people through fud and and just outright lies this movement of electronic and physical analog assets into the digital world is not going to stop meanwhile Black Rock continues to accumulate more Bitcoin for its spot Bitcoin ETF according to recent reports the world’s largest asset manager held 10

19,69 Bitcoin in its ETF as of February 14th 2024 it also held 9,955 in cash adding up to over $5.6 billion in net assets black Rock’s IB it Bitcoin Holdings on February 14th Source Black Rock Spot Bitcoin ETFs raked in 3398 million on February 14th with black Rock’s ibit leading the pack at

$24.3 million in net inflows together the newborn 9 and gbtc have had a total of more than $4.1 billion in inflows since launch with the largely unprecedented and continued success of the ETFs investors are expecting even larger price gains for Bitcoin in the coming weeks and months are you

Expecting a face melting rally with Bitcoin already trading so high while the Hing is still weeks away let us know your comments and predictions in the comment section below also ensure you like this video subscribe to the channel and turn on post notifications for more videos like this thanks for watching I