Bitcoin Price Prediction: Yusko Predicts BTC Price To Double During the Next Halving Cycle!

In a recent thought-provoking discussion with Thinking Crypto's Tony Edward, Mark Yusko, the esteemed Founder, CEO, and CIO of Morgan Creek Capital Management, delved into the intricate dynamics of Bitcoin and the burgeoning impact of institutional adoption on the cryptocurrency market. Central to Yusko's analysis is the Bitcoin halving cycle.

Timeline of Bitcoin

Bitcoin has recently demonstrated remarkable resilience, achieving a significant surge of 1.5%, propelling its value to the $38,000 mark. This upturn has infused investors and enthusiasts with renewed confidence. The current trend aligns with several bullish on-chain metrics, suggesting a potential push towards the $40,000 threshold.

The crypto prices today were in the negative territory, mainly due to the absence of any positive catalyst fuelling further gains in the market. Meanwhile, the market has witnessed a notable surge over the past few weeks, suggesting a bullish sentiment among investors.

Bitcoin seems to be currently under pressure as the BTC price is trading 1.17% down at $37,300 levels with a market cap of $729 billion. As the BTC price drops under $37,500 levels, more Bitcoin liquidations are likely to take place with a significant rise in the Open Interest (OI).

Rich Dad Poor Dad author Robert Kiyosaki has advised investors to get into bitcoin and ditch fiat money now “before it's too late,” reiterating that workers and savers in U.S. dollars are losers.

Major cryptocurrencies experienced mixed trading on Sunday evening following a crucial meeting between BlackRock Inc (NYSE:BLK), Nasdaq representatives, and the Securities and Exchange Commission (SEC). The meeting aimed to discuss the proposed rule regarding the listing of a spot Bitcoin exchange-traded fund (ETF).

Former NYSE President Tom Farley expects money to “flood” into the crypto industry when the U.S. Securities and Exchange Commission (SEC) approves spot bitcoin exchange-traded funds (ETFs). “It's just easier to buy. People believe in bitcoin,” he emphasized, adding that the cryptocurrency “is a great invention.

When it comes to Bitcoin (BTC), Berkshire Hathaway's Charlie Munger has got it wrong, according to crypto investor Dan Morehead. In a new letter to investors, Morehead responds to Munger's comments about Bitcoin in a recent interview with the Wall Street Journal.

Bitcoin has made headlines once again as it rallies amid the awaited approval of Bitcoin-spot exchange-traded funds by the United States Securities and Exchanges Commission (SEC). The SEC has been delaying approval of the ETFs, and the crypto community has taken the time to comment on the matter.

Bitcoin's price has shown positive movements to the upside, recording a resurgence of the crypto's market price in the past weeks. The fresh levels recorded an 18-month high, and experts predict a rally toward the $40,000 mark is imminent following the pending approvals of Bitcoin-spot exchange-traded funds (ETFs).

Global investment bank JPMorgan has cautioned that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could “put severe downward pressure on bitcoin prices.