Major Bitcoin Bull Mark Yusko Predicts a 10x Increase in Bitcoin’s Price

“I think Bitcoin could easily become a $15 trillion asset. That would mean an increase of about 8, or even 10 times from current levels. I think this could happen within the next 5, 8, or 10 years. I don’t know exactly when, but I absolutely believe it will happen.”

Yusko predicted that governments would eventually begin to consider Bitcoin as a reserve asset. He noted that central banks could allocate a portion of their reserves to Bitcoin while continuing to hold gold, suggesting that this development could accelerate institutional adoption.

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Is a New Bull Market Beginning in Bitcoin?

Yusko, also evaluating Bitcoin’s short-term outlook, said he believes the market has emerged from a downtrend and is entering a new accumulation phase.

The investor noted that Bitcoin had formed a double bottom around $60,000 and that trading volume had increased at these levels, indicating that selling pressure was weakening.

Yusko stated that higher lows and higher highs have begun to form recently, arguing that this could be one of the first signals of a new bull market. However, the investor added that he does not expect the rise to immediately turn into a parabolic movement.