• Mark Yusko, founder and CIO of Morgan Creek Capital, recently shared his optimistic outlook on Bitcoin (BTC) and other cryptocurrencies in an interview with CNBC.
• He believes that the current rally is just the beginning of a larger bull market driven by Bitcoin’s four-year halving cycle.
• According to Yusko, Bitcoin is well-suited to replace gold as the base layer of money due to its permanence, divisibility, and immutability.

Crypto Market Outlook: Mark Yusko Predicts The Timeline For Massive Bitcoin Bull Run

In a recent interview with CNBC, Mark Yusko, founder and CIO of Morgan Creek Capital, shared his optimistic outlook on Bitcoin (BTC) and the cryptocurrency markets. He believes that they have entered a bullish phase which is only the beginning of a larger bull market.

The Four Year Halving Cycle

Yusko’s optimism is based on the four-year cycle surrounding Bitcoin’s halving events. A halving event occurs every four years wherein block rewards in the Bitcoin blockchain are adjusted. According to Yusko, this will be followed by a period of accumulation before a potential speculative blow-off.

Bitcoin As Digital Gold

Yusko views Bitcoin as digital gold with the potential to fulfill the role that gold has played for thousands of years. He emphasizes its advantages such as permanence, divisibility, and immutability which make it suitable for serving as the base layer of new money in the future.

Ethereum vs. Fiat Currency

While Yusko is bullish on Bitcoin he sees Ethereum and other blockchain applications as potential replacements for fiat currencies rather than direct competitors to Bitcoin’s role as digital gold.

„Crypto Winter“