Morgan Creek CEO: Crypto Industry to Experience a Powerful Year in 2024
Mark Yusko, the founder and CEO of Morgan Creek Capital, believes that the crypto industry will have a highly successful year in 2024. Speaking in an interview on The Dales Report, Yusko outlined several factors that contribute to this positive outlook.
Yusko points out that 2024 will witness a convergence of various cycles and events that will benefit the crypto market. This includes the four-year cycle of Bitcoin, with the halving set to occur in April or early May. Additionally, the approval of a spot Bitcoin exchange-traded fund (ETF) is expected to unleash a wave of liquidity.
The potential devaluation of the US dollar due to economic slowdown and Federal Reserve accommodation further strengthens the case for Bitcoin’s price increase.
Technological Wave and New Talent
Yusko also highlights the potential influx of new talent into the crypto space as another positive factor for the industry. With 650,000 individuals laid off from Big Tech, many smart and creative professionals are starting new companies and bringing innovation to the sector.
Hot Take: Crypto Industry Set for a Stellar Year in 2024
Morgan Creek CEO Mark Yusko predicts that 2024 will be an incredibly powerful year for the crypto industry. Factors such as the Bitcoin halving, approval of a spot Bitcoin ETF, potential dollar devaluation, and an influx of talented professionals bode well for the market. With these celestial alignments and cyclical events, Yusko believes that crypto will experience significant growth and success in 2024.
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