Forecast of the change in the cost of cryptocurrencies to the near future – Bits Media

The founder and investment director of Morgan Creek Capital believes, that the recent growth of bitcoin and other cryptocurrencies is a sign of the beginning of a new bull cycle.

Mark Juscoa (Mark Yusko) In an interview with CNBC, the CNBC channel, that the market is only at the very beginning new bull cycle, which will last until the spring of next year, when Bitcoin will have another halving.

"I think, The rally is just beginning. We entered the so -called cryptocurrency summer. There is a four -year halting cycle bitcoin, когда уполовинивается награда майнеров. And now the accumulation period begins, which will last until April. Then there is usually a speculative purchase explosion, which ends with a quick fall in the course. This period is called cryptosima ", - The founder of Morgan Creek argues.

Mark Yusco once again confirmed, what does the replacement of gold sees in Bitcoin, and that BTC will become an accumulation means, as well as the "basic level of money".

“Bitcoin will take the role of real gold, which was 5,000 years old was a universal cash remedy. The base layer of currency. National currencies secured by gold, created by governments to facilitate trade, initially appeared on the basis of the main precious metal. But gold has problems - it is difficult to carry with you and divide it into parts. Bitcoin, Created on a constant blockchain, it can really play the role of gold for the money of the future. And we will build finance of the future based on bitcoin. Some other assets and technologies, like ether and smart contracts, They can also play their role. But for me there is more a trip to replace fiat currencies ", - Mark Yusco believes.

Previously, Mark Yusco predicted, that the new bull market cycle will begin in June.