- Prices of Bitcoin Slumped below $18,000 starting in June 2022 due to the global financial crisis.
- The highest price of Bitcoin in the last seven days was $24,572.
Chief Executive Officer of Morgan Creek Capital Management Mark Yusko is also an actively participating investor in the United States of America.
Mark believes that Bitcoin will follow the Bull run path in 2024. The major reason behind the price hike is excitement among the investors due to the BTC halving.
Adding more, Mark mentioned that the existing prices of primary cryptocurrency are too low as he thinks that “fair value” should be around $30k.
In 2021 Prices of Bitcoin escalated during April and crossed $ 60k, and continuing the growth rate at the same speed, these prices in November were around $70k. After this unprecedented hike, Bitcoin Changed its way and lost 50 percent of its price value.
Prices of Bitcoin Slumped below $18,000 starting in June because of Critical macroeconomic conditions World wide and a severe financial crisis worldwide. Although H2 of 2022 is the worst quarterly in the last few decades.
According to the coin market data, in the last seven days, the highest price of Bitcoin was $24,572 on 30th July, and the lowest price in the last seven days was 22,710 on 2nd august.
In the last few days, Bitcoin’s market cap has increased to 2.27.
According to data from The Coin market, While writing this article the price of Bitcoin was $23,295. And 91 percent of total Bitcoin is in circulation in the market.
Mark Yusko is not only the one to predict and believes that the prices of Bitcoin will rise, but many other founders and co- founders of several firms believe the prices of Bitcoin will follow the uptrend in the upcoming time. A major difference between the predictors’ statements is that some believe it will regain its position and price in the next 12 months, and Mark Yusko believes that it will show good movements till 2024.
Source: https://www.thecoinrepublic.com/2022/08/03/mark-yusko-ceo-of-morgan-capital-predicted-bitcoins-next-bull-run-in-2024/