Bitcoin can rise up to $ 30,000 without correction! Mark Yusko, the famous American investor and hedge fund manager who participated in the Fast Money program published on CNBC yesterday, made important statements regarding the Bitcoin price forecast.
Bitcoin can rise up to $ 30,000 without correction
Mark Yusko, a famous American investor and hedge fund manager, participated in the Fast Money program on CNBC yesterday, and made important statements and predictions about Bitcoin.
The famous investor who says that we are currently in the bull market, said Bitcoin may rise up to $ 30,000 without correction.
— CNBC's Fast Money (@CNBCFastMoney) July 8, 2019
Yusko said that Bitcoin could reach up to $ 30,000 without a major correction, but a major correction could occur once it reached that level.
The best performing entity in 2019 is Bitcoin!
Mark Yusko was asked where Bitcoin’s next target was and whether it was possible for Bitcoin to return to previous high levels.
In response to this question, Yusko said: “We will definitely return to the previous high levels.”
Is this rise going to happen soon? He answered: “Last year, Bitcoin was 70% higher than the current levels, so everyone thinks we’re in the bear market. But in the last 9 months Bitcoin has increased by 70% and has become the best performing asset class … ”
Yusko also stated that the Bitcoin price is preparing for a new parobolic rise and explained the Bitcoin forecast as follows:
I think Bitcoin will make a new parabolic move, which will take Bitcoin to the $ 30,000 level before making another small correction.
Yusko also cited the existence of a route that could carry Bitcoin to $ 100,000 by 2021 when he finished the interview. But unfortunately the interview wasn’t long enough, so Yusko wasn’t able to give a detailed explanation of how Bitcoin will rise.