Veteran investor Mark Yusko believes a Bitcoin bull run is on the horizon, driven by a wave of institutional adoption. In an interview, Yusko, echoing Paul Revere’s famous warning, declared ‘The institutions are coming.’ He predicts major inflows from financial advisors and wealth managers could bring as much as $300 billion into Bitcoin in the coming months.
While acknowledging current ETF inflows, Yusko cautions that they may not represent true demand. He believes many large players are exploiting the spread between spot and futures prices rather than taking long-term positions. He highlights that the real push will come from players like Millennium, Citadel, and Sovereign Wealth Funds, who are engaging in structured trades.
Despite short-term headwinds, Yusko remains bullish on Bitcoin’s long-term prospects, calling it ‘the most valuable network the world has ever seen.’ He predicts prices could easily reach six figures by early next year, potentially hitting $120,000-$150,000.
Yusko also addressed concerns about government control of cryptocurrencies, praising Bitcoin’s decentralized nature. “There is no leader for them to arrest,” he noted, contrasting it with more centralized projects. He anticipates this Thanksgiving will be ‘the greatest Bitcoiners have ever experienced’ as mainstream interest surges, with a strong run expected from November to March/April.
Looking ahead, Yusko emphasizes Bitcoin’s revolutionary potential. He believes that crypto will reshape global finance over the next two decades, despite regulatory challenges. “We built better financial rails,” he concluded, underscoring the transformative power of Bitcoin and the wider cryptocurrency landscape.
