Hedge Fund Veteran Mark Yusko Says Bitcoin FOMO Incoming As BTC Completes Halving – Here’s When

Morgan Creek Capital founder Mark Yusko thinks that we have not yet seen the FOMO (fear of missing out) phase grip Bitcoin (BTC) market participants.

Speaking at the Bitcoin Investor Day, the hedge fund veteran says that Bitcoin’s latest halving kicked up BTC’s fair value from $50,000 to about $80,000.

According to Yusko, he sees sidelined traders and investors rushing in to load up on Bitcoin once BTC rallies toward its new fair value.

“Fair value has doubled in each of the previous halving cycles. Now I don’t think it will double this time because now we have inscription fees related to ordinals.

And so instead of going from $50,000 where fair value is [pre-halving] to $100,000. I actually think we go probably to $80,000-ish, but we’re still below $80,000 so once you start going toward that new fair value post halving, then the FOMO kicks in.

Once the FOMO kicks in and you get the increased adoption from the demand shift from the Bank of America and Merrill Lynch and the thundering herd finally getting approval… I think all of that is going to push us to a very different price level.”

Yusko highlights that FOMO has not even started based on the low search activity for Bitcoin on Google. He also says that people close to him have not yet asked him about BTC.

“This [conference] is an echo chamber. We talk to each other on Crypto Twitter [about] how smart we are, but the average person? My family members are not calling me yet, [but] they will.”

At time of writing, Bitcoin is trading for $65,246, up 2.38% in the last 24 hours.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

The post Hedge Fund Veteran Mark Yusko Says Bitcoin FOMO Incoming As BTC Completes Halving – Here’s When appeared first on The Daily Hodl.