According to Cointelegraph, Mark Yusko, the founder of Morgan Creek Capital, shared his insights on the future of the cryptocurrency market, particularly focusing on Bitcoin and Ethereum, during an exclusive interview. Yusko remains a firm believer in Bitcoin's four-year cycle, despite discussions around a potential Bitcoin Strategic Reserve in the United States. He forecasts that Bitcoin will reach its fair value of approximately $100,000, followed by a parabolic surge that could push its price to between $120,000 and $150,000 by mid-2025. Yusko stated, "To me, fair value is right around that six-digit level. I figured we would blow through that, that six-digit number, and then humans would human." However, he also warned of a potential bear market starting by the end of 2025.
In terms of Ethereum, Yusko expressed skepticism about its long-term market dominance. While the approval of spot Ether exchange-traded funds in 2024 marked a significant milestone, he questioned Ethereum's competitive advantage. Yusko posed the question, "If Ethereum didn’t exist and was invented today, would anybody use it?" He highlighted the emergence of faster and cheaper alternatives like Solana and Avalanche, suggesting that Ethereum's current market position might not be sustainable in the face of these technologically advanced competitors. Yusko's insights provide a comprehensive outlook on the potential shifts in the cryptocurrency landscape by 2025.
