Crypto Hedge Fund Veteran Mark Yusko Predicts Bitcoin ‘Spring’ To Kick Off BTC Move – Here’s His Timeline

Morgan Creek Digital managing partner Mark Yusko predicts when he thinks Bitcoin (BTC) will turn into another bull market.

In an interview with Stansberry Research, Yusko says Bitcoin’s recent market structure is indicative of a bottoming process, with BTC printing several higher lows and higher highs.

“I’ll argue, and I’ve been arguing this for about ten days or so, and I’m not ready to absolutely call the bottom, but if you go back about a week ago and you watch a podcast I did… I said “You know what, we made three higher lows.” It hit $17,500, then we went up and we went down to about $18,000 — something, then we went up, and then we went up to $19,000, and then we went up, and then there was a number of about $20,900, and I said if we break $20,900, we’ll have three higher lows [and] three higher peaks. That’s a pretty good bull trend and maybe spring is coming.”

The crypto hedge fund director says he agrees with the traditional mindset that Bitcoin goes through speculative cycles.

According to Yusko, Bitcoin is likely in the “spring” part of the cycle where winter has ended, and BTC is setting the stage for the next “summer” bull run, which he predicts slightly before the next halving early to mid 2024.

“So I will argue that spring has sprung. If you look at the last two cycles, we are the same number of days in that cycle where spring started and winter ended. Spring can last for months. We don’t need to have a bull market right away. Then when we get to the summer we will have the next speculative move and I think it will come pending the next halving in 2024.”

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