Morgan Creek Founder: Predicts Crypto Market Will Enter Bear Market by Mid-2025
According to reports, Morgan Creek Capital founder Mark Yusko shared his insights on the cryptocurrency market and presented a comprehensive outlook for 2025 in an interview. Despite the hype about the United States possibly implementing Bitcoin strategic reserves, Yusko still firmly believes in the theory of Bitcoin's four-year cycle. He predicts that after Bitcoin reaches a reasonable valuation of about $100,000, it will experience a sharp rise and by mid-2025, its price could climb between $120,000 and $150,000. However, he also warned that before the end of 2025, the market may fall into a bear market. He pointed out: "In mid-2025 we will see another round of bear markets starting."
Regarding Ethereum (ETH), Yusko expressed doubts about its long-term dominance. Although approval for Ethereum spot ETFs in 2024 is an important milestone,Yusko questioned Ethereum's competitive advantage.He asked,"If Ethereum did not exist but was invented today,would people still choose to use it?" With platforms like Solana and Avalanche.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. stock futures fluctuate by $650 billions due to news related to Jensen Huang
Nikkei Average Index gains expand to 2.78%
Surprise! Japan intervened in the forex market three times this summer, selling a record 154 trillion yen in three days
Japan has confirmed that it intervened in the foreign exchange market three times this summer, buying yen to support the exchange rate, corroborating earlier market reports. This included the first joint intervention with the United States to support the yen in nearly thirty years.
UBS CEO warns: A Democratic sweep could slow down AI capacity building, valuation concerns are "very important"
UBS CEO Ermotti stated that the U.S. midterm elections may slow down AI capacity building and that the valuations are questionable; he also warned of persistent inflation and the risk of contagion in the European bond market.
Crypto prices
More
