Mark Yusko, and, of course, his brother, join me today to unpack the latest in crypto. And there is a lot: Hong Kong Bitcoin ETFs, Standard Chattered’s year-end predictions, Do Kwon’s and CZ’s cases updates, and more! Chris Inks will join us in the second part to share some interesting trades in crypto and beyond.
Mark Yusko:
Chris Inks:
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Timestamps:
0:00 Intro
1:30 Peter Schiff
3:00 Bitcoin to $150K?
12:50 IMF report
24:40 BlackRock & Ethereum ETF
29:00 Devve
30:00 Chris Inks: are we dead?
31:20 Bitcoin chart
38:45 Ethereum
40:50 Algorand
43:00 HUT
45:05 Solana
47:40 Dogwifhat
49:00 Wrap up
The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to “Buy,” “Sell,” or “Hold” an investment….(read more)
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Bitcoin and Ethereum have been on a rollercoaster ride in the past few months, with both cryptocurrencies experiencing significant price fluctuations. However, Mark Yusko, the CEO of Morgan Creek Capital Management, believes that Bitcoin could reach $150,000 and Ethereum could reach $8,000 by the end of the year.
Yusko is known for his bold predictions about the future of cryptocurrencies, and his latest forecast has caught the attention of many investors and traders. According to Yusko, the recent dip in the price of Bitcoin and Ethereum is just a temporary setback, and both cryptocurrencies are poised for a massive price surge in the coming months.
Yusko believes that several factors will contribute to the price increase of Bitcoin and Ethereum. These factors include the growing adoption of cryptocurrencies by mainstream investors, the increasing interest in decentralized finance (DeFi) projects, and the limited supply of Bitcoin and Ethereum.
Furthermore, Yusko points to the current macroeconomic environment as a catalyst for the price surge of Bitcoin and Ethereum. With central banks around the world printing money at an unprecedented rate and inflation on the rise, many investors are turning to cryptocurrencies as a hedge against fiat currency devaluation.
While Yusko’s predictions may seem overly optimistic to some, it is important to note that he has a track record of accurately predicting the future price movements of cryptocurrencies. In 2017, Yusko accurately predicted that Bitcoin would reach $10,000 by the end of the year, a forecast that was met with skepticism at the time but ultimately proved to be true.
However, it is important to approach these price targets with caution. The cryptocurrency market is inherently volatile, and prices can fluctuate wildly in a short period of time. Investors should do their own research and consider the risks before investing in Bitcoin or Ethereum based on Yusko’s predictions.
In conclusion, while Yusko’s predictions of Bitcoin reaching $150,000 and Ethereum reaching $8,000 by the end of the year may seem ambitious, they are not entirely out of the realm of possibility. With growing adoption, increasing interest in DeFi projects, and the current macroeconomic environment in play, Bitcoin and Ethereum could see a significant price increase in the coming months. However, investors should exercise caution and do their own due diligence before making any investment decisions based on these price targets.
Yeah, Tron is awesome for that reason among others such as scope of adoption. Fast, cheap, nice chart.
RIP ETH
Peter’s bs IS tiresome. He has a big audience bc people like you, Scott, keep talking about and to him…my God, PLEASE just stop having him on. Also why are you upset about hearing about meme coins Scott? I think Raoul Pal has it right, stating that it's more of a resistance from young people, a financial revolution a la the Occupy movement, where people are sick of being taken advantage of by the current financial system, and have found another way to build wealth in a way that they understand and actually works for them. Plus it brings people into crypto who wouldn't via overly complex nerdy tech ways.