Mark Yusko, founder and CEO of Morgan Creek believes that things will turn out well for the crypto leader. He claims that Bitcoin may be changing its trend as it nears its halving. Indeed, its halving is expected in 2024. For Mark Yusko, Bitcoin is the most powerful technology in the world.
BTC could rise as it nears its halving
In an interview with Crypto Banter, Mark Yusko hinted that the outlook for Bitcoin is very positive. This CEO and founder of Morgan Creek said that Bitcoin could already be in an accumulation phase after recovering the $18,000 level. He also thinks that Bitcoin could experience a bull market due to its halving or halvingscheduled for March 2024.
Bitcoin (BTC) plunged from $18,000 to $15,000 then recovered to $18,000, he said. He explained that we achieved the perfect cup and cove configuration. But the spring, compared to the four-year cycle, is basically flat. Nevertheless at this time, there is a lot of volatility, he added. It will be in the summer, from April-May, usually nine months before the halving that things go become fundid he declare.
The Bitcoin (BTC) network, the most powerful in the world?
This interview was an opportunity for Yusko to reinforce his opinion on Bitcoin. He thinks Satoshi can’t be one person because Bitcoin (BTC) was designed so perfectly. Only one person can be so smart, he said.
He also explained that owning a bit of bitcoin is the most important thing one can do in this world. He claims that blockchain technology is the evolution of computing power that has been going on since the 1950s. Blockchains will run everything and truth will replace trust.
Yusko is certain that the Bitcoin (BTC) blockchain is the supercomputer, and the most powerful network in the world. It is 1,500 times more powerful than CERN’s supercomputer, he said.
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