- Mark Yusko highlights the elements that affect the Bitcoin price trajectory.
- Miners bear a mathematical responsibility in Bitcoin’s price development.
- Bitcoin could consolidate further before rallying toward the end of the year.
Veteran American investor and hedge fund manager Mark Yusko has offered his insights into the various factors that shape Bitcoin’s price journey during a bull market.
Drawing on his extensive experience, Yusko has laid out a potential roadmap for Bitcoin’s price in the months ahead, giving investors an idea of whether now might be a good time to jump in.
Yusko analyzed the Bitcoin market in a podcast, highlighting the roles played by miners, early investors, traders, and other key players during a bull cycle. He explained how each group’s actions contribute to Bitcoin’s price evolution and then compared the current market phase to previous cycles, offering a perspective on what the rest of the year might hold.
According to Yusko, Bitcoin miners’ role is crucial because they operate under a fundamental mathematical constraint. Bitcoin’s built-in halving event, which cuts miners’ rewards in half every four years, essentially fo…
The post Veteran investor Breaks Down Bitcoin’s Bull Run: Miners, Investors, and What to Expect Next for the Price appeared first on Coin Edition.
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