The majority opinion is that BTC will still be able to overcome the value of $60,000. However, the head, the creator of Morgan Creek Capital Mark Usko is very positive about the future of bitcoin.
Usko claims that its cost will reach $250,000 in the next five years. This can be explained by its past performance during a separate halving event. Bitcoin adheres to one direction, which can be seen in the example: 1st halving - the price is $10, after the 2nd it sets the price to $100. 3rd and 4th $1,000 and $10,000. Based on this, the predicted price of Bitcoin is $100,000.
The next halving is expected in 2024.
The head of Morgan Creek Capital also announced the trigger for the next bull cycle. Mark Usko claims that the Fed will soon retreat from the policy of constantly raising the key rate, which will lead to bullish growth in the global cryptocurrency market.
