Bank

FOMO

Bitcoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-on-bitcoins-value-surge-and-market-predictions/" data-wpel-link="internal">Insights on Bitcoin’s Value Surge and Market Predictions</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/bitcoin-btc-litecoin-ltc-ve-ripple-xrp-fiyat-analizi-12-mart-2021" data-wpel-link="internal">Bitcoin</a></strong> has now left the halving behind, and miners will receive a block reward of 3.125 <strong><a href="https://coin-turk.com/jpmorgan-analistlerinin-bitcoin-ethereum-ve-altin-tahmini" data-wpel-link="internal">BTC</a></strong> until 2028. However, transaction fees per block are currently higher than the rewards. Thus, although the growth rate of circulating supply has slowed, there are no massive losses in miner revenues for now. So, what are Mark Yusko’s latest predictions?</p> 
<h2 style="text-align: justify" id="crypto-investor-predictions">Crypto Investor Predictions</h2> 
<p style="text-align: justify">Mark Yusko, founder of Morgan Creek Capital, recently made some assessments about the current state of cryptocurrencies. Speaking at <a href="https://en.coin-turk.com/bitcoin-exchange-traded-funds-etfs-approval-increasing-famous-analysts-and-important-data-indicate/" data-wpel-link="internal">Bitcoin</a> Investor Day, the hedge fund manager addressed the recent halving. He stated that the last halving, which reduced block rewards to 3.125BTC, also increased Bitcoin’s fair value.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-342750 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/mark-yusko-btc.png" alt="" width="943" height="538"></p> 
<p style="text-align: justify">Yusko believes that Bitcoin’s fair value has risen from $50,000 to $80,000, which he thinks will trigger the FOMO process. According to Yusko, when <a href="https://en.coin-turk.com/blackrock-ceo-discusses-bitcoins-growing-role-in-asset-management/" data-wpel-link="internal">BTC</a> rises towards its new fair value, it is observed that investors on standby start to move to buy.</p> 
<blockquote> 
 <p style="text-align: justify">“In each of the previous halving cycles, the fair value doubled. I don’t think it will double this time because we now have our writing fees with ordinates.</p> 
 <p style="text-align: justify">So instead of going from the pre-halving fair value of $50,000 to $100,000. I actually think we’ll probably reach around $80,000, but we’re still below $80,000, so when you start moving towards the new fair value post-halving, FOMO kicks in.</p> 
 <p style="text-align: justify">When FOMO kicks in and you get the demand shift from Bank of America and Merrill Lynch and finally achieve increased adoption… I think all this will push us to a very different price level.”</p> 
</blockquote> 
<h2 style="text-align: justify" id="we-are-just-at-the-beginning-of-a-bitcoin-bull-run">We Are Just at the Beginning of a Bitcoin Bull Run</h2> 
<p style="text-align: justify">Comparing with the previous cycle, Bitcoin has not even surpassed $20,000 yet. Although the current price may seem high to many, it is still below the ATH level of the previous cycle.</p> 
<blockquote> 
 <p style="text-align: justify">“This event is an echo chamber. On <a href="https://en.coin-turk.com/imf-embraces-blockchain-technology-and-announces-xc-platform/" data-wpel-link="internal">Crypto</a> Twitter, we talk about how smart we are with each other, but what about others? My family members haven’t called me yet, but they will.”</p> 
</blockquote> 
<p style="text-align: justify">Yusko says that due to the still low search volume for Bitcoin on Google, the expected heated bull days have not started yet, and FOMO is approaching.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/insights-on-bitcoins-value-surge-and-market-predictions/" data-wpel-link="internal">Insights on Bitcoin’s Value Surge and Market Predictions</a></h5>

Insights on Bitcoin’s Value Surge and Market Predictions

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