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ETFs Will Create New Demand For Bitcoin and Exacerbate The Current Bull Run: Yusko

Published 02/24/2024, 01:18 AM
Updated 02/24/2024, 01:45 AM
© Reuters.  ETFs Will Create New Demand For Bitcoin and Exacerbate The Current Bull Run: Yusko
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  • Mark Yusko believes investors will convert more money from fiat to Bitcoin in 2024 than in the previous 15 years.
  • Yusko expects an influx of $300 billion into Bitcoin this year.
  • According to Yusko, human activities will sustain the cyclic nature of the Bitcoin market.

The managing director of Morgan Creek Capital Management, Mark Yusko, believes investors will convert more money from fiat to Bitcoin in 2024 than the previous 15 years of Bitcoin’s existence. Mark made the statement during an interview with Austin Arnold on the latter’s crypto YouTube channel, Altcoin Daily.

In a recently uploaded video, Yusko noted he expects over $300 billion to be converted into Bitcoin this year. Despite the influx of investment this year, the investing expert believes there will be more significant bull runs for Bitcoin. He thinks human activities will sustain the cyclic nature of the Bitcoin market.

Meanwhile, the renowned investor acknowledged the potential impact of the newly launched ETFs on the current bull cycle. According to him, the ETFs are a new way of getting demand for Bitcoin that will exacerbate the current bull run. He further noted that every bull c…

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